Liberty Media Corporation (LSXMA) Earns Daily Coverage Optimism Score of 0.16
Media coverage about Liberty Media Corporation (NASDAQ:LSXMA) has been trending somewhat positive recently, Accern Sentiment reports. The research firm rates the sentiment of media coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Liberty Media Corporation earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned media headlines about the technology company an impact score of 46.5663940894139 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the news stories that may have impacted Accern’s rankings:
- $0.41 EPS Expected for Liberty Media Corporation (LSXMA) This Quarter (americanbankingnews.com)
- Pivotal Research Increases Liberty Media Corporation (LSXMA) Price Target to $54.00 (americanbankingnews.com)
- Liberty Media Corporation (NASDAQ:LSXMA) Sees Large Growth in Short Interest (americanbankingnews.com)
- Morgan Stanley Decreases Stake in Liberty Media Corporation (LSXMA) (joshnaijablog.com)
- IHS Markit Score downgrades Liberty Media Corp to 54 out of 100, ranking positively in only one out of three available IHS Markit categories. (finance.yahoo.com)
Liberty Media Corporation (NASDAQ:LSXMA) traded up 0.05% on Tuesday, hitting $43.43. The stock had a trading volume of 253,944 shares. The stock’s 50-day moving average is $42.77 and its 200-day moving average is $39.87. Liberty Media Corporation has a 52-week low of $31.83 and a 52-week high of $46.43. The company has a market cap of $14.58 billion, a P/E ratio of 33.20 and a beta of 2.69.
Several brokerages have commented on LSXMA. Citigroup Inc. lifted their target price on Liberty Media Corporation from $40.00 to $47.00 and gave the stock a “neutral” rating in a report on Monday, August 7th. Pivotal Research lifted their target price on Liberty Media Corporation from $51.00 to $54.00 and gave the stock a “buy” rating in a report on Tuesday. Deutsche Bank AG cut their target price on Liberty Media Corporation from $43.00 to $42.00 and set a “hold” rating on the stock in a report on Friday, May 12th. FBR & Co reaffirmed a “buy” rating and set a $53.00 target price on shares of Liberty Media Corporation in a report on Tuesday, May 30th. Finally, Zacks Investment Research raised Liberty Media Corporation from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $45.67.
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In other news, Chairman John C. Malone sold 153,000 shares of the stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $39.53, for a total transaction of $6,048,090.00. Following the completion of the sale, the chairman now directly owns 2,814,562 shares in the company, valued at $111,259,635.86. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider R. Ted Weschler bought 507,742 shares of the company’s stock in a transaction dated Wednesday, May 17th. The shares were purchased at an average price of $36.67 per share, with a total value of $18,618,899.14. Following the completion of the acquisition, the insider now owns 271,034 shares of the company’s stock, valued at approximately $9,938,816.78. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 1,706,443 shares of company stock valued at $66,290,479 and have sold 422,003 shares valued at $16,009,101.
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).
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