Liberty Media Corporation (FWONA) Receiving Somewhat Positive News Coverage, Report Shows
Headlines about Liberty Media Corporation (NASDAQ:FWONA) have been trending somewhat positive on Saturday, according to Accern Sentiment Analysis. Accern identifies positive and negative media coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Liberty Media Corporation earned a news impact score of 0.06 on Accern’s scale. Accern also assigned media coverage about the company an impact score of 46.7781489745216 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the news headlines that may have impacted Accern’s rankings:
- Comparing Media General (MEG) & Liberty Media Corporation (FWONA) (americanbankingnews.com)
- B. Riley Comments on Liberty Media Corporation’s FY2017 Earnings (FWONA) (americanbankingnews.com)
- Comparing Liberty Media Corporation (FWONA) & Media General (MEG) (americanbankingnews.com)
- B. Riley Research Analysts Cut Earnings Estimates for Liberty Media Corporation (FWONA) (americanbankingnews.com)
- Critical Comparison: Media General (MEG) and Liberty Media Corporation (FWONA) (americanbankingnews.com)
Liberty Media Corporation (NASDAQ:FWONA) traded up $1.78 during midday trading on Friday, reaching $37.11. The company’s stock had a trading volume of 212,357 shares, compared to its average volume of 189,114. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.43 and a current ratio of 0.43. Liberty Media Corporation has a 12-month low of $27.63 and a 12-month high of $39.37.
Several equities analysts have recently issued reports on the stock. Macquarie reissued a “buy” rating and set a $45.00 price target on shares of Liberty Media Corporation in a report on Thursday, October 5th. Citigroup Inc. raised shares of Liberty Media Corporation from a “neutral” rating to a “buy” rating and set a $44.00 price objective for the company in a report on Tuesday, September 5th. FBR & Co reaffirmed a “hold” rating on shares of Liberty Media Corporation in a report on Wednesday, September 20th. B. Riley reaffirmed a “neutral” rating on shares of Liberty Media Corporation in a report on Wednesday, November 1st. Finally, J P Morgan Chase & Co started coverage on shares of Liberty Media Corporation in a report on Tuesday, October 3rd. They issued a “hold” rating and a $38.00 price objective for the company. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $38.89.
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In other news, Chairman John C. Malone sold 153,000 shares of the company’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $37.31, for a total value of $5,708,430.00. Following the transaction, the chairman now owns 2,708,427 shares in the company, valued at approximately $101,051,411.37. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman John C. Malone sold 18,000 shares of the company’s stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $41.99, for a total value of $755,820.00. Following the completion of the transaction, the chairman now owns 14,634,102 shares in the company, valued at approximately $614,485,942.98. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 190,826 shares of company stock worth $7,309,976. Corporate insiders own 5.34% of the company’s stock.
About Liberty Media Corporation
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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