Liberty Media Corporation (LSXMA) Shares Bought by Cowen Inc.

Cowen Inc. lifted its holdings in shares of Liberty Media Corporation (NASDAQ:LSXMA) by 48.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 206,369 shares of the technology company’s stock after acquiring an additional 67,082 shares during the quarter. Cowen Inc. owned 0.06% of Liberty Media worth $8,647,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of LSXMA. US Bancorp DE increased its position in shares of Liberty Media by 25.5% during the second quarter. US Bancorp DE now owns 3,539 shares of the technology company’s stock valued at $149,000 after acquiring an additional 718 shares during the last quarter. Shell Asset Management Co. increased its position in shares of Liberty Media by 6.3% during the second quarter. Shell Asset Management Co. now owns 8,532 shares of the technology company’s stock valued at $358,000 after acquiring an additional 507 shares during the last quarter. NGAM Advisors L.P. increased its position in Liberty Media by 5.8% in the second quarter. NGAM Advisors L.P. now owns 44,629 shares of the technology company’s stock worth $1,874,000 after buying an additional 2,438 shares during the last quarter. Janney Montgomery Scott LLC increased its position in Liberty Media by 9.3% in the second quarter. Janney Montgomery Scott LLC now owns 14,800 shares of the technology company’s stock worth $621,000 after buying an additional 1,254 shares during the last quarter. Finally, Daiwa Securities Group Inc. increased its position in Liberty Media by 28.3% in the second quarter. Daiwa Securities Group Inc. now owns 2,950 shares of the technology company’s stock worth $124,000 after buying an additional 650 shares during the last quarter. 25.12% of the stock is owned by institutional investors.

A number of analysts have issued reports on LSXMA shares. Pivotal Research raised their target price on Liberty Media from $54.00 to $58.00 and gave the stock a “buy” rating in a research report on Wednesday, October 25th. Bank of America raised their target price on Liberty Media from $46.00 to $54.00 and gave the stock a “buy” rating in a research report on Thursday, October 12th. Finally, B. Riley reissued a “buy” rating on shares of Liberty Media in a research report on Wednesday, November 1st. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $50.80.

In other news, Chairman John C. Malone sold 18,000 shares of the firm’s stock in a transaction on Monday, October 16th. The stock was sold at an average price of $43.28, for a total value of $779,040.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman John C. Malone sold 153,000 shares of the firm’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $37.31, for a total value of $5,708,430.00. The disclosure for this sale can be found here. Insiders sold 210,669 shares of company stock valued at $8,121,753 over the last ninety days.

Liberty Media Corporation (NASDAQ LSXMA) opened at $41.80 on Thursday. Liberty Media Corporation has a twelve month low of $34.04 and a twelve month high of $46.43. The company has a market capitalization of $14,377.87, a price-to-earnings ratio of 26.41, a PEG ratio of 1.02 and a beta of 2.16.

COPYRIGHT VIOLATION NOTICE: “Liberty Media Corporation (LSXMA) Shares Bought by Cowen Inc.” was first reported by Stock Observer and is the sole property of of Stock Observer. If you are reading this story on another publication, it was copied illegally and reposted in violation of U.S. and international trademark and copyright law. The original version of this story can be read at https://www.thestockobserver.com/2017/12/07/liberty-media-corporation-lsxma-shares-bought-by-cowen-inc.html.

Liberty Media 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).

Want to see what other hedge funds are holding LSXMA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Liberty Media Corporation (NASDAQ:LSXMA).

Institutional Ownership by Quarter for Liberty Media (NASDAQ:LSXMA)

Receive News & Ratings for Liberty Media Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Liberty Media Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply