Cornerstone Capital Management Holdings LLC. Sells 23,879 Shares of Liberty Media Corporation (LSXMA)

Cornerstone Capital Management Holdings LLC. decreased its holdings in shares of Liberty Media Corporation (NASDAQ:LSXMA) by 16.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 123,465 shares of the technology company’s stock after selling 23,879 shares during the quarter. Cornerstone Capital Management Holdings LLC. owned about 0.12% of Liberty Media Corporation worth $5,182,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of LSXMA. BlackRock Inc. lifted its holdings in shares of Liberty Media Corporation by 5,832.2% during the 1st quarter. BlackRock Inc. now owns 6,304,119 shares of the technology company’s stock valued at $245,359,000 after acquiring an additional 6,197,849 shares in the last quarter. Jana Partners LLC acquired a new position in shares of Liberty Media Corporation during the 1st quarter valued at $62,713,000. Gruss Capital Management LP acquired a new position in shares of Liberty Media Corporation during the 2nd quarter valued at $41,077,000. Numeric Investors LLC lifted its holdings in shares of Liberty Media Corporation by 4,638.8% during the 2nd quarter. Numeric Investors LLC now owns 781,895 shares of the technology company’s stock valued at $32,824,000 after acquiring an additional 765,395 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of Liberty Media Corporation by 5.3% during the 1st quarter. Vanguard Group Inc. now owns 8,934,026 shares of the technology company’s stock valued at $347,713,000 after acquiring an additional 448,320 shares in the last quarter. Institutional investors and hedge funds own 24.67% of the company’s stock.

In related news, Chairman John C. Malone sold 153,000 shares of the company’s stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $39.53, for a total transaction of $6,048,090.00. Following the completion of the sale, the chairman now directly owns 2,814,562 shares of the company’s stock, valued at approximately $111,259,635.86. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman John C. Malone sold 306,842 shares of the company’s stock in a transaction on Tuesday, August 22nd. The stock was sold at an average price of $42.88, for a total transaction of $13,157,384.96. Following the sale, the chairman now directly owns 15,080,919 shares of the company’s stock, valued at $646,669,806.72. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,170,487 shares of company stock valued at $47,753,954.

Several equities analysts recently weighed in on the stock. Pivotal Research lifted their target price on shares of Liberty Media Corporation from $51.00 to $54.00 and gave the company a “buy” rating in a report on Tuesday, August 15th. Citigroup Inc. boosted their price objective on shares of Liberty Media Corporation from $40.00 to $47.00 and gave the stock a “neutral” rating in a report on Monday, August 7th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $47.40.

Liberty Media Corporation (NASDAQ LSXMA) opened at 43.42 on Thursday. The firm has a market cap of $14.59 billion, a price-to-earnings ratio of 31.56 and a beta of 2.57. The firm has a 50-day moving average of $42.52 and a 200-day moving average of $42.52. Liberty Media Corporation has a one year low of $31.83 and a one year high of $44.20.

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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)

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