Insider Selling: Liberty Media Corporation (LSXMA) Director Sells $66,685.52 in Stock
Liberty Media Corporation (NASDAQ:LSXMA) Director Malcolm Ian Grant Gilchrist sold 1,826 shares of the business’s stock in a transaction that occurred on Monday, September 25th. The shares were sold at an average price of $36.52, for a total transaction of $66,685.52. Following the completion of the sale, the director now directly owns 823 shares in the company, valued at $30,055.96. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Shares of Liberty Media Corporation (NASDAQ:LSXMA) opened at 41.90 on Friday. The company’s 50-day moving average is $42.21 and its 200 day moving average is $42.21. The stock has a market capitalization of $14.08 billion, a P/E ratio of 30.45 and a beta of 2.77. Liberty Media Corporation has a 52 week low of $31.83 and a 52 week high of $43.06.
LSXMA has been the topic of a number of research analyst reports. Zacks Investment Research raised shares of Liberty Media Corporation from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Pivotal Research boosted their price target on shares of Liberty Media Corporation from $51.00 to $54.00 and gave the company a “buy” rating in a research note on Tuesday, August 15th. Finally, Citigroup Inc. boosted their price target on shares of Liberty Media Corporation from $40.00 to $47.00 and gave the company a “neutral” rating in a research note on Monday, August 7th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $45.67.
A number of hedge funds have recently made changes to their positions in LSXMA. Daiwa Securities Group Inc. lifted its position in Liberty Media Corporation by 28.3% during the second quarter. Daiwa Securities Group Inc. now owns 2,950 shares of the technology company’s stock valued at $124,000 after buying an additional 650 shares in the last quarter. Oppenheimer Asset Management Inc. acquired a new position in Liberty Media Corporation during the first quarter valued at approximately $127,000. US Bancorp DE lifted its position in Liberty Media Corporation by 25.5% during the second quarter. US Bancorp DE now owns 3,539 shares of the technology company’s stock valued at $149,000 after buying an additional 718 shares in the last quarter. C M Bidwell & Associates Ltd. acquired a new position in Liberty Media Corporation during the second quarter valued at approximately $195,000. Finally, Laurion Capital Management LP acquired a new position in Liberty Media Corporation during the first quarter valued at approximately $202,000. 24.67% of the stock is currently owned by hedge funds and other institutional investors.
About Liberty Media Corporation
Liberty Media Corporation owns interests in subsidiaries and other companies, which are engaged in the media and entertainment industries. The Company’s principal businesses and assets include its consolidated subsidiaries Sirius XM Holdings Inc (SIRIUS XM) and Braves Holdings, LLC (Braves Holdings), and its equity affiliate Live Nation Entertainment, Inc (Live Nation).
Receive News & Ratings for Liberty Media Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Liberty Media Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.