Public Employees Retirement System of Ohio acquired a new stake in shares of Liberty Media Corporation (NASDAQ:FWONA) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 11,044 shares of the company’s stock, valued at approximately $387,000.
Other hedge funds have also modified their holdings of the company. The Manufacturers Life Insurance Company bought a new position in Liberty Media Corporation in the 2nd quarter worth $105,000. Legal & General Group Plc purchased a new stake in Liberty Media Corporation in the 2nd quarter worth $109,000. Howard Hughes Medical Institute purchased a new stake in Liberty Media Corporation in the 2nd quarter worth $132,000. Wayne Hummer Investments L.L.C. purchased a new stake in Liberty Media Corporation in the 2nd quarter worth $218,000. Finally, Nomura Holdings Inc. purchased a new stake in Liberty Media Corporation in the 2nd quarter worth $220,000. 11.44% of the stock is owned by hedge funds and other institutional investors.
In other Liberty Media Corporation news, Director Malcolm Ian Grant Gilchrist sold 1,826 shares of the company’s stock in a transaction dated Monday, September 25th. The shares were sold at an average price of $36.52, for a total value of $66,685.52. Following the transaction, the director now directly owns 823 shares in the company, valued at approximately $30,055.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman John C. Malone sold 18,000 shares of the company’s stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $41.99, for a total transaction of $755,820.00. Following the completion of the transaction, the chairman now owns 14,634,102 shares in the company, valued at $614,485,942.98. The disclosure for this sale can be found here. Insiders have sold a total of 190,826 shares of company stock worth $7,309,976 over the last quarter. 5.34% of the stock is currently owned by insiders.
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Liberty Media Corporation (NASDAQ FWONA) opened at $35.19 on Tuesday. Liberty Media Corporation has a fifty-two week low of $27.63 and a fifty-two week high of $39.37. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.43 and a quick ratio of 0.43.
Several brokerages have commented on FWONA. B. Riley reiterated a “neutral” rating on shares of Liberty Media Corporation in a research note on Wednesday, November 1st. Macquarie reiterated a “buy” rating and issued a $45.00 price target on shares of Liberty Media Corporation in a research note on Thursday, October 5th. J P Morgan Chase & Co began coverage on shares of Liberty Media Corporation in a research note on Tuesday, October 3rd. They issued a “hold” rating and a $38.00 price target on the stock. Bank of America Corporation initiated coverage on shares of Liberty Media Corporation in a research note on Thursday, September 28th. They issued a “buy” rating and a $45.00 price target on the stock. Finally, FBR & Co restated a “hold” rating on shares of Liberty Media Corporation in a research report on Wednesday, September 20th. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $39.38.
Liberty Media Corporation 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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