Alpine Global Management LLC increased its position in Liberty Media Co. (NASDAQ:LSXMA) by 6.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 217,551 shares of the technology company’s stock after purchasing an additional 13,569 shares during the period. Liberty Media makes up approximately 2.1% of Alpine Global Management LLC’s holdings, making the stock its 12th biggest position. Alpine Global Management LLC owned 0.06% of Liberty Media worth $8,941,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in the stock. First Personal Financial Services raised its position in Liberty Media by 3,414.9% in the 1st quarter. First Personal Financial Services now owns 3,058 shares of the technology company’s stock worth $126,000 after buying an additional 2,971 shares during the last quarter. Partners Capital Investment Group LLP purchased a new position in Liberty Media in the 4th quarter worth about $129,000. Blair William & Co. IL purchased a new position in Liberty Media in the 1st quarter worth about $136,000. M&R Capital Management Inc. raised its position in Liberty Media by 429.8% in the 4th quarter. M&R Capital Management Inc. now owns 5,054 shares of the technology company’s stock worth $200,000 after buying an additional 4,100 shares during the last quarter. Finally, Toronto Dominion Bank raised its position in Liberty Media by 39.7% in the 4th quarter. Toronto Dominion Bank now owns 5,444 shares of the technology company’s stock worth $216,000 after buying an additional 1,548 shares during the last quarter. Institutional investors own 26.00% of the company’s stock.
In other Liberty Media news, Director David E. Rapley sold 6,827 shares of the company’s stock in a transaction that occurred on Wednesday, June 6th. The stock was sold at an average price of $46.28, for a total value of $315,953.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Mark D. Carleton sold 27,783 shares of the company’s stock in a transaction that occurred on Wednesday, May 30th. The stock was sold at an average price of $45.94, for a total value of $1,276,351.02. The disclosure for this sale can be found here.
Shares of Liberty Media opened at $47.53 on Friday, Marketbeat.com reports. The company has a market cap of $15.48 billion, a P/E ratio of 14.36, a P/E/G ratio of 0.89 and a beta of 2.01. Liberty Media Co. has a 12-month low of $38.61 and a 12-month high of $47.61.
Liberty Media (NASDAQ:LSXMA) last announced its quarterly earnings data on Wednesday, May 9th. The technology company reported $0.59 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.13. The company had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.36 billion. research analysts predict that Liberty Media Co. will post 2.13 earnings per share for the current year.
Several equities research analysts have recently commented on LSXMA shares. Zacks Investment Research lowered shares of Liberty Media from a “buy” rating to a “hold” rating in a research report on Friday, February 23rd. B. Riley reaffirmed a “buy” rating and set a $62.00 price target (up previously from $56.00) on shares of Liberty Media in a research report on Tuesday, March 13th. ValuEngine raised shares of Liberty Media from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Gabelli reaffirmed a “buy” rating on shares of Liberty Media in a research report on Monday, March 12th. Finally, Pivotal Research upped their price target on shares of Liberty Media from $58.00 to $60.00 and gave the company a “buy” rating in a research report on Tuesday, May 15th. Eleven equities research analysts have rated the stock with a buy rating, The company has a consensus rating of “Buy” and a consensus target price of $55.11.
Liberty Media Company Profile
The Liberty SiriusXM Group, through its subsidiary Sirius XM Holdings Inc, transmits music, sports, entertainment, comedy, talk, news, traffic, and weather channels in the United States and Canada. The company also provides infotainment services; and Sirius XM on Demand over its Internet radio service through applications for mobile and home devices, and other consumer electronic equipment.
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