Liberty Media (FWONA) Upgraded by FBN Securities to Buy
Liberty Media (NASDAQ:FWONA) was upgraded by equities researchers at FBN Securities from a “sector perform” rating to a “buy” rating in a report released on Monday.
FWONA has been the topic of a number of other reports. B. Riley raised their price target on shares of Liberty Media from $33.00 to $35.00 and gave the company a “neutral” rating in a research note on Tuesday, November 14th. J P Morgan Chase & Co assumed coverage on shares of Liberty Media in a report on Tuesday, October 3rd. They issued a “hold” rating and a $38.00 price objective for the company. Macquarie reiterated a “buy” rating and issued a $45.00 price objective on shares of Liberty Media in a report on Thursday, October 5th. FBR & Co reiterated a “hold” rating on shares of Liberty Media in a report on Wednesday, September 20th. Finally, Bank of America assumed coverage on shares of Liberty Media in a report on Thursday, September 28th. They issued a “buy” rating and a $45.00 price objective for the company. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Liberty Media presently has an average rating of “Buy” and a consensus price target of $39.00.
Liberty Media (NASDAQ FWONA) opened at $33.77 on Monday. Liberty Media has a 12 month low of $27.63 and a 12 month high of $39.37. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.63.
In related news, Director Malcolm Ian Grant Gilchrist sold 1,826 shares of Liberty Media stock in a transaction that occurred on Monday, September 25th. The shares were sold at an average price of $36.52, for a total value of $66,685.52. Following the completion of the sale, the director now owns 823 shares in the company, valued at approximately $30,055.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman John C. Malone sold 18,000 shares of the firm’s stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $41.99, for a total transaction of $755,820.00. Following the completion of the transaction, the chairman now directly owns 14,634,102 shares of the company’s stock, valued at approximately $614,485,942.98. The disclosure for this sale can be found here. Insiders have sold a total of 190,826 shares of company stock valued at $7,309,976 in the last 90 days. Insiders own 5.34% of the company’s stock.
A number of hedge funds have recently modified their holdings of the business. GSA Capital Partners LLP lifted its position in shares of Liberty Media by 3.1% during the 3rd quarter. GSA Capital Partners LLP now owns 46,752 shares of the company’s stock worth $1,706,000 after purchasing an additional 1,400 shares during the last quarter. Bamco Inc. NY lifted its position in Liberty Media by 20.5% in the third quarter. Bamco Inc. NY now owns 88,000 shares of the company’s stock valued at $3,211,000 after acquiring an additional 15,000 shares during the last quarter. Pinnacle Associates Ltd. purchased a new stake in Liberty Media in the third quarter valued at $1,216,000. Brown Advisory Inc. lifted its position in Liberty Media by 6.5% in the third quarter. Brown Advisory Inc. now owns 969,629 shares of the company’s stock valued at $35,382,000 after acquiring an additional 59,171 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its position in Liberty Media by 23.7% in the third quarter. Schwab Charles Investment Management Inc. now owns 63,344 shares of the company’s stock valued at $2,312,000 after acquiring an additional 12,126 shares during the last quarter. 9.89% of the stock is owned by institutional investors.
Liberty Media Company 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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