The Liberty Media Corporation (LMCA) Given Average Rating of “Buy” by Analysts

The Liberty Media Corporation (LMCA) Given Average Rating of “Buy” by Analysts

Liberty Media Corporation (NASDAQ:LMCA) has been assigned an average recommendation of “Buy” from the twelve analysts that are presently covering the company. Six investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $36.00.

Several equities research analysts have recently weighed in on the company. FBR & Co cut Liberty Media Corporation from an “outperform” rating to a “market perform” rating and increased their price objective for the company from $25.00 to $29.00 in a research report on Tuesday. FBN Securities cut Liberty Media Corporation from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, December 7th. Citigroup Inc. cut Liberty Media Corporation from a “buy” rating to a “neutral” rating and set a $32.00 price objective for the company. in a research report on Monday, January 9th. Wunderlich reissued a “hold” rating and issued a $31.00 price objective on shares of Liberty Media Corporation in a research report on Friday, December 16th. Finally, Zacks Investment Research raised Liberty Media Corporation from a “hold” rating to a “strong-buy” rating and set a $33.00 price objective for the company in a research report on Friday, November 11th.

Shares of Liberty Media Corporation (NASDAQ:LMCA) traded up 0.10% during trading on Wednesday, reaching $28.74. 116,732 shares of the company were exchanged. The stock has a 50-day moving average of $31.11 and a 200 day moving average of $26.75. Liberty Media Corporation has a 52-week low of $17.72 and a 52-week high of $33.28.

In other Liberty Media Corporation news, insider Richard N. Baer sold 20,953 shares of Liberty Media Corporation stock in a transaction on Friday, December 16th. The stock was sold at an average price of $32.81, for a total transaction of $687,467.93. Following the completion of the transaction, the insider now directly owns 517 shares of the company’s stock, valued at $16,962.77. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Richard N. Baer sold 212,076 shares of Liberty Media Corporation stock in a transaction on Wednesday, January 4th. The shares were sold at an average price of $32.75, for a total value of $6,945,489.00. Following the transaction, the insider now directly owns 5,046 shares of the company’s stock, valued at $165,256.50. The disclosure for this sale can be found here. 13.10% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. boosted its position in shares of Liberty Media Corporation by 3.3% in the third quarter. BlackRock Inc. now owns 5,750 shares of the company’s stock worth $165,000 after buying an additional 186 shares during the last quarter. Rhumbline Advisers boosted its position in shares of Liberty Media Corporation by 0.9% in the third quarter. Rhumbline Advisers now owns 33,981 shares of the company’s stock worth $974,000 after buying an additional 310 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in shares of Liberty Media Corporation by 6.8% in the third quarter. PNC Financial Services Group Inc. now owns 6,523 shares of the company’s stock worth $187,000 after buying an additional 415 shares during the last quarter. California State Teachers Retirement System boosted its position in shares of Liberty Media Corporation by 1.0% in the third quarter. California State Teachers Retirement System now owns 48,493 shares of the company’s stock worth $1,389,000 after buying an additional 500 shares during the last quarter. Finally, Teachers Advisors LLC boosted its position in shares of Liberty Media Corporation by 1.6% in the third quarter. Teachers Advisors LLC now owns 41,361 shares of the company’s stock worth $1,185,000 after buying an additional 640 shares during the last quarter. 27.73% of the stock is owned by institutional investors.

Liberty Media Corporation Company Profile

Liberty Media Corporation (Liberty) owns interests in subsidiaries and other companies, which are engaged in the media and entertainment industries. Through its subsidiaries and affiliates, the Company principally operates in North America. Its principal businesses and assets include its consolidated subsidiaries Sirius XM Holdings Inc (SIRIUS XM) and the Braves Holdings, LLC (Braves Holdings), and its equity affiliate Live Nation Entertainment, Inc (Live Nation).

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