Falcon Edge Capital LP acquired a new stake in Liberty Media Corporation (NASDAQ:FWONK) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 553,000 shares of the company’s stock, valued at approximately $20,251,000. Liberty Media Corporation makes up 3.6% of Falcon Edge Capital LP’s portfolio, making the stock its 12th largest holding. Falcon Edge Capital LP owned 0.27% of Liberty Media Corporation at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. bought a new position in Liberty Media Corporation in the 2nd quarter worth approximately $400,601,000. FMR LLC bought a new position in Liberty Media Corporation in the 2nd quarter worth approximately $332,524,000. Coatue Management LLC bought a new position in Liberty Media Corporation in the 2nd quarter worth approximately $219,720,000. Southeastern Asset Management Inc. TN bought a new position in Liberty Media Corporation in the 2nd quarter worth approximately $188,027,000. Finally, BlackRock Inc. bought a new position in Liberty Media Corporation in the 2nd quarter worth approximately $183,521,000. 78.23% of the stock is currently owned by institutional investors and hedge funds.

Shares of Liberty Media Corporation (FWONK) traded down 0.69% during mid-day trading on Friday, reaching $40.45. The company had a trading volume of 3,092,433 shares. The firm’s 50 day moving average is $38.23 and its 200-day moving average is $35.30. Liberty Media Corporation has a 12-month low of $26.44 and a 12-month high of $41.13. The stock’s market capitalization is $7.56 billion.

Several research analysts have commented on FWONK shares. Zacks Investment Research raised Liberty Media Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st. Bank of America Corporation assumed coverage on Liberty Media Corporation in a research report on Thursday, September 28th. They set a “buy” rating on the stock. Finally, J P Morgan Chase & Co assumed coverage on Liberty Media Corporation in a research report on Tuesday. They set a “neutral” rating and a $38.00 price objective on the stock. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $35.33.

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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, 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.

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

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