Pecaut & CO. Raises Position in Liberty Media Corporation (LSXMA)

Pecaut & CO. increased its stake in shares of Liberty Media Corporation (NASDAQ:LSXMA) by 6.5% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 144,670 shares of the technology company’s stock after buying an additional 8,770 shares during the period. Liberty Media Corporation comprises approximately 5.0% of Pecaut & CO.’s portfolio, making the stock its 3rd largest position. Pecaut & CO.’s holdings in Liberty Media Corporation were worth $6,073,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Oppenheimer Asset Management Inc. acquired a new stake in shares of Liberty Media Corporation during the first quarter valued at approximately $127,000. Macquarie Group Ltd. boosted its stake in shares of Liberty Media Corporation by 249.8% in the fourth quarter. Macquarie Group Ltd. now owns 4,600 shares of the technology company’s stock valued at $159,000 after buying an additional 3,285 shares during the period. Cohen Klingenstein LLC acquired a new stake in shares of Liberty Media Corporation during the first quarter valued at approximately $200,000. Laurion Capital Management LP acquired a new stake in shares of Liberty Media Corporation during the first quarter valued at approximately $202,000. Finally, United Services Automobile Association acquired a new stake in shares of Liberty Media Corporation during the first quarter valued at approximately $204,000. 24.34% of the stock is currently owned by institutional investors and hedge funds.

Liberty Media Corporation (NASDAQ:LSXMA) traded up 1.26% on Friday, hitting $43.24. 246,505 shares of the stock traded hands. Liberty Media Corporation has a 52 week low of $31.83 and a 52 week high of $46.43. The firm has a market capitalization of $14.50 billion, a PE ratio of 31.22 and a beta of 2.69. The stock has a 50 day moving average of $42.53 and a 200 day moving average of $39.64.

Liberty Media Corporation (NASDAQ:LSXMA) last announced its quarterly earnings data on Tuesday, May 9th. The technology company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.38 by $0.01. The business had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.32 billion. Equities research analysts anticipate that Liberty Media Corporation will post $1.80 earnings per share for the current year.

TRADEMARK VIOLATION NOTICE: “Pecaut & CO. Raises Position in Liberty Media Corporation (LSXMA)” was originally reported by Community Financial News and is the property of of Community Financial News. If you are viewing this report on another website, it was copied illegally and republished in violation of international trademark and copyright laws. The legal version of this report can be read at https://www.com-unik.info/2017/08/11/pecaut-co-acquires-8770-shares-of-liberty-media-corporation-lsxma-updated-updated-updated.html.

LSXMA has been the topic of several analyst reports. Zacks Investment Research raised shares of Liberty Media Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, May 10th. Deutsche Bank AG cut their price target on shares of Liberty Media Corporation from $43.00 to $42.00 and set a “hold” rating on the stock in a research report on Friday, May 12th. Citigroup Inc. reissued a “neutral” rating and set a $40.00 price target (down from $43.00) on shares of Liberty Media Corporation in a research report on Monday, May 15th. Pivotal Research reissued a “buy” rating and set a $51.00 price target on shares of Liberty Media Corporation in a research report on Wednesday, May 24th. Finally, FBR & Co reissued a “buy” rating and set a $53.00 price target on shares of Liberty Media Corporation in a research report on Tuesday, May 30th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $45.17.

In other Liberty Media Corporation news, Chairman John C. Malone sold 64,000 shares of Liberty Media Corporation stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $32.80, for a total value of $2,099,200.00. Following the sale, the chairman now owns 2,896,672 shares of the company’s stock, valued at $95,010,841.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman John C. Malone sold 18,000 shares of Liberty Media Corporation stock in a transaction dated Monday, July 17th. The stock was sold at an average price of $42.02, for a total transaction of $756,360.00. Following the completion of the transaction, the chairman now owns 15,477,920 shares of the company’s stock, valued at approximately $650,382,198.40. The disclosure for this sale can be found here. In the last ninety days, insiders acquired 1,706,443 shares of company stock worth $66,290,479 and sold 422,003 shares worth $16,009,101.

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).

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

What are top analysts saying about Liberty Media Corporation? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Liberty Media Corporation and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit