Liberty Media Corp. (NASDAQ:LMCA) rose 2.7% during mid-day trading on Tuesday . The company traded as high as $29.38 and last traded at $29.27, with a volume of 355,578 shares changing hands. The stock had previously closed at $28.51.

LMCA has been the topic of a number of analyst reports. Citigroup Inc. raised shares of Liberty Media Corp. from a “neutral” rating to a “buy” rating and boosted their target price for the company from $22.00 to $32.00 in a report on Tuesday, September 13th. Pivotal Research initiated coverage on shares of Liberty Media Corp. in a report on Tuesday, September 13th. They set a “buy” rating and a $35.00 target price on the stock. FBR & Co reissued a “buy” rating and set a $25.00 target price on shares of Liberty Media Corp. in a report on Thursday, September 8th. Wunderlich lowered their target price on shares of Liberty Media Corp. from $49.00 to $22.50 and set a “buy” rating on the stock in a report on Tuesday, May 31st. Finally, Zacks Investment Research raised shares of Liberty Media Corp. from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a report on Tuesday, August 23rd. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $36.50.

The stock has a 50-day moving average of $22.74 and a 200 day moving average of $21.86.

In related news, Chairman John C. Malone sold 121,100 shares of the firm’s stock in a transaction that occurred on Thursday, August 18th. The shares were sold at an average price of $33.09, for a total value of $4,007,199.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Chairman John C. Malone sold 127,357 shares of the firm’s stock in a transaction that occurred on Monday, August 22nd. The stock was sold at an average price of $32.53, for a total transaction of $4,142,923.21. Following the completion of the sale, the chairman now owns 16,164,220 shares in the company, valued at approximately $525,822,076.60. The disclosure for this sale can be found here. 13.10% of the stock is currently owned by corporate insiders.

Large investors have recently modified their holdings of the company. Geode Capital Management LLC boosted its position in shares of Liberty Media Corp. by 3.7% in the first quarter. Geode Capital Management LLC now owns 713,883 shares of the company’s stock valued at $27,566,000 after buying an additional 25,158 shares in the last quarter. State Street Corp boosted its position in shares of Liberty Media Corp. by 7.4% in the first quarter. State Street Corp now owns 1,895,461 shares of the company’s stock valued at $73,219,000 after buying an additional 130,672 shares in the last quarter. TIAA CREF Investment Management LLC boosted its position in shares of Liberty Media Corp. by 6.5% in the first quarter. TIAA CREF Investment Management LLC now owns 279,814 shares of the company’s stock valued at $10,809,000 after buying an additional 17,081 shares in the last quarter. Teachers Advisors Inc. boosted its position in shares of Liberty Media Corp. by 5.1% in the first quarter. Teachers Advisors Inc. now owns 110,116 shares of the company’s stock valued at $4,254,000 after buying an additional 5,362 shares in the last quarter. Finally, Societe Generale acquired a new position in shares of Liberty Media Corp. during the second quarter valued at $192,000. Institutional investors own 24.54% of the company’s stock.

Liberty Media Corp. Company 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).

5 Day Chart for NASDAQ:LMCA

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