Gamco Investors INC. ET AL Has $5.67 Million Position in Liberty Media Corporation (FWONA)
Gamco Investors INC. ET AL increased its position in Liberty Media Corporation (NASDAQ:FWONA) by 4.0% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 155,465 shares of the company’s stock after acquiring an additional 5,913 shares during the quarter. Gamco Investors INC. ET AL owned about 0.07% of Liberty Media Corporation worth $5,673,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Vanguard Group Inc. bought a new position in Liberty Media Corporation in the 2nd quarter worth about $67,778,000. Fairview Capital Investment Management LLC bought a new stake in shares of Liberty Media Corporation during the 2nd quarter valued at about $40,832,000. Odey Asset Management Group Ltd bought a new stake in shares of Liberty Media Corporation during the 2nd quarter valued at about $33,331,000. Dynamo Internacional Gestao DE Recursos LTDA. bought a new stake in shares of Liberty Media Corporation during the 2nd quarter valued at about $28,495,000. Finally, Southeastern Asset Management Inc. TN bought a new stake in shares of Liberty Media Corporation during the 2nd quarter valued at about $19,525,000. 11.46% of the stock is owned by institutional investors.
Shares of Liberty Media Corporation (NASDAQ:FWONA) opened at $35.84 on Friday. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.64. Liberty Media Corporation has a 1 year low of $27.63 and a 1 year high of $39.37.
A number of analysts recently weighed in on the company. J P Morgan Chase & Co assumed coverage on Liberty Media Corporation in a research report on Tuesday, October 3rd. They issued a “hold” rating and a $38.00 target price for the company. Citigroup Inc. upgraded Liberty Media Corporation from a “neutral” rating to a “buy” rating in a research report on Tuesday, September 5th. FBR & Co lifted their price target on Liberty Media Corporation from $31.00 to $33.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 15th. B. Riley reaffirmed a “neutral” rating on shares of Liberty Media Corporation in a research note on Wednesday, November 1st. Finally, Bank of America Corporation initiated coverage on Liberty Media Corporation in a research note on Thursday, September 28th. They issued a “buy” rating and a $45.00 price target on the stock. Seven equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $39.38.
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In related news, Chairman John C. Malone sold 153,000 shares of the stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $37.31, for a total transaction of $5,708,430.00. Following the completion of the sale, the chairman now owns 2,708,427 shares in the company, valued at $101,051,411.37. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman John C. Malone sold 18,000 shares of the stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $41.99, for a total value of $755,820.00. Following the transaction, the chairman now directly owns 14,634,102 shares of the company’s stock, valued at $614,485,942.98. The disclosure for this sale can be found here. In the last 90 days, insiders sold 190,826 shares of company stock valued at $7,309,976. Company insiders own 5.34% of the company’s stock.
Liberty Media Corporation 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).
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