Artemis Investment Management LLP grew its position in shares of Liberty Media Corporation (NASDAQ:FWONK) by 43.7% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,003,647 shares of the company’s stock after buying an additional 305,263 shares during the quarter. Artemis Investment Management LLP owned 0.47% of Liberty Media Corporation worth $38,194,000 as of its most recent filing with the SEC.
Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. acquired a new stake in Liberty Media Corporation in the 2nd quarter valued at about $400,601,000. FMR LLC purchased a new position in shares of Liberty Media Corporation during the 2nd quarter worth about $332,524,000. Coatue Management LLC purchased a new position in shares of Liberty Media Corporation during the 2nd quarter worth about $219,720,000. Southeastern Asset Management Inc. TN purchased a new position in shares of Liberty Media Corporation during the 2nd quarter worth about $188,027,000. Finally, BlackRock Inc. purchased a new position in shares of Liberty Media Corporation during the 2nd quarter worth about $183,521,000. Institutional investors own 78.42% of the company’s stock.
Several research analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Liberty Media Corporation from a “hold” rating to a “buy” rating and set a $45.00 price objective on the stock in a report on Monday, October 23rd. Morgan Stanley lifted their price objective on shares of Liberty Media Corporation from $37.00 to $39.00 and gave the company an “equal weight” rating in a research note on Friday, October 20th. J P Morgan Chase & Co initiated coverage on shares of Liberty Media Corporation in a research note on Tuesday, October 3rd. They set a “neutral” rating and a $38.00 price objective on the stock. Finally, Bank of America Corporation started coverage on shares of Liberty Media Corporation in a research note on Thursday, September 28th. They set a “buy” rating on the stock. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $38.75.
Liberty Media Corporation Company Profile
Liberty Media Corporation owns interests in subsidiaries and other companies, which are engaged in the media, communications and entertainment industries. Through its subsidiaries and affiliates, the Company operates in North America. The Company’s businesses and assets include its consolidated subsidiaries SIRIUS XM and the Atlanta National League Baseball Club, Inc, and its equity affiliate Live Nation Entertainment, Inc SIRIUS XM broadcasts music, sports, entertainment, comedy, talk, news, traffic and weather channels, as well as infotainment services, in the United States on a subscription fee basis through its two satellite radio systems.
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