Bluefin Trading LLC bought a new position in shares of Liberty Media Corporation (NASDAQ:FWONA) during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund bought 35,268 shares of the company’s stock, valued at approximately $1,235,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Legal & General Group Plc acquired a new position in Liberty Media Corporation during the 2nd quarter worth approximately $109,000. Howard Hughes Medical Institute acquired a new position in Liberty Media Corporation during the 2nd quarter worth approximately $132,000. Wayne Hummer Investments L.L.C. acquired a new position in Liberty Media Corporation during the 2nd quarter worth approximately $218,000. PNC Financial Services Group Inc. acquired a new position in Liberty Media Corporation during the 2nd quarter worth approximately $220,000. Finally, SG Americas Securities LLC acquired a new position in Liberty Media Corporation during the 2nd quarter worth approximately $229,000. Institutional investors own 11.47% of the company’s stock.

FWONA has been the topic of several recent analyst reports. Zacks Investment Research upgraded Liberty Media Corporation from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 1st. Citigroup Inc. boosted their target price on Liberty Media Corporation from $32.00 to $34.00 and gave the stock a “neutral” rating in a research report on Monday, August 14th. FBR & Co boosted their target price on Liberty Media Corporation from $31.00 to $33.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 15th. Bank of America Corporation initiated coverage on Liberty Media Corporation in a research report on Thursday, September 28th. They set a “buy” rating and a $45.00 target price on the stock. Finally, J P Morgan Chase & Co initiated coverage on Liberty Media Corporation in a research report on Tuesday, October 3rd. They set a “hold” rating and a $38.00 target price on the stock. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $39.38.

In other Liberty Media Corporation news, Chairman John C. Malone sold 153,000 shares of Liberty Media Corporation stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $37.31, for a total transaction of $5,708,430.00. Following the transaction, the chairman now directly owns 2,708,427 shares in the company, valued at approximately $101,051,411.37. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Chairman John C. Malone sold 18,000 shares of Liberty Media Corporation stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $41.99, for a total transaction of $755,820.00. Following the transaction, the chairman now owns 14,634,102 shares in the company, valued at $614,485,942.98. The disclosure for this sale can be found here. In the last 90 days, insiders sold 172,826 shares of company stock worth $6,530,936. 5.34% of the stock is currently owned by company insiders.

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Shares of Liberty Media Corporation (NASDAQ FWONA) traded down 0.59% during midday trading on Friday, reaching $38.77. The company’s stock had a trading volume of 126,054 shares. The stock’s market capitalization is $992.82 million. Liberty Media Corporation has a 12 month low of $26.95 and a 12 month high of $39.32. The stock’s 50 day moving average is $37.00 and its 200 day moving average is $33.97.

Liberty Media Corporation Profile

Formula One Group, through its subsidiaries, engages in the media and entertainment businesses in North America. Formula One Group was formerly known as The Liberty Media Group. The company is based in Englewood, Colorado. Formula One Group is a former subsidiary of Liberty Media Corporation.

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

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