The Liberty Media Corporation (LSXMK) Position Lowered by American International Group Inc.

The Liberty Media Corporation (LSXMK) Position Lowered by American International Group Inc.

Other hedge funds have also recently made changes to their positions in the company. Comerica Bank boosted its position in Liberty Media Corporation by 7.5% in the fourth quarter. Comerica Bank now owns 49,381 shares of the technology company’s stock valued at $1,725,000 after buying an additional 3,444 shares during the last quarter. Norges Bank bought a new position in Liberty Media Corporation during the fourth quarter valued at $41,636,000. Teachers Advisors LLC boosted its position in Liberty Media Corporation by 0.8% in the fourth quarter. Teachers Advisors LLC now owns 278,327 shares of the technology company’s stock valued at $9,441,000 after buying an additional 2,139 shares during the last quarter. Bank of Montreal Can boosted its position in Liberty Media Corporation by 2.6% in the first quarter. Bank of Montreal Can now owns 86,165 shares of the technology company’s stock valued at $3,341,000 after buying an additional 2,193 shares during the last quarter. Finally, Menlo Advisors LLC boosted its position in shares of Liberty Media Corporation by 0.7% in the first quarter. Menlo Advisors LLC now owns 109,029 shares of the technology company’s stock worth $4,228,000 after buying an additional 740 shares during the last quarter. 78.15% of the stock is owned by hedge funds and other institutional investors.

American International Group Inc. reduced its position in Liberty Media Corporation (NASDAQ:LSXMK) by 5.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 10,753 shares of the technology company’s stock after selling 565 shares during the period. American International Group Inc.’s holdings in Liberty Media Corporation were worth $417,000 as of its most recent SEC filing.

Liberty Media Corporation (LSXMK) traded down 1.91% during midday trading on Wednesday, hitting $44.60. 352,805 shares of the stock traded hands. The stock has a 50-day moving average of $41.57 and a 200 day moving average of $39.08. The firm has a market cap of $14.97 billion, a PE ratio of 34.10 and a beta of 2.51. Liberty Media Corporation has a 52-week low of $31.34 and a 52-week high of $46.24.

A number of equities analysts have commented on LSXMK shares. TheStreet raised shares of Liberty Media Corporation from a “d” rating to a “c” rating in a research note on Friday, July 7th. Zacks Investment Research cut shares of Liberty Media Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, June 21st.

In other Liberty Media Corporation news, major shareholder Berkshire Hathaway Inc bought 644,172 shares of the business’s stock in a transaction on Wednesday, May 31st. The shares were bought at an average cost of $41.53 per share, with a total value of $26,752,463.16. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders have purchased a total of 3,858,865 shares of company stock worth $147,199,486 over the last three months.

Liberty Media Corporation Company Profile

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

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