LS Investment Advisors LLC Has $140,000 Stake in Liberty Media Corporation (NASDAQ:LSXMK)
LS Investment Advisors LLC maintained its position in Liberty Media Corporation (NASDAQ:LSXMK) during the second quarter, Holdings Channel reports. The institutional investor owned 3,367 shares of the technology company’s stock at the end of the second quarter. LS Investment Advisors LLC’s holdings in Liberty Media Corporation were worth $140,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in Liberty Media Corporation by 4.2% in the first quarter. Vanguard Group Inc. now owns 14,407,400 shares of the technology company’s stock worth $558,720,000 after buying an additional 582,991 shares during the period. Kensico Capital Management Corp boosted its position in Liberty Media Corporation by 7.4% in the first quarter. Kensico Capital Management Corp now owns 8,780,000 shares of the technology company’s stock worth $340,488,000 after buying an additional 605,000 shares during the period. Jana Partners LLC purchased a new position in Liberty Media Corporation during the first quarter worth approximately $68,165,000. Geode Capital Management LLC boosted its position in Liberty Media Corporation by 7.4% in the first quarter. Geode Capital Management LLC now owns 1,388,567 shares of the technology company’s stock worth $53,826,000 after buying an additional 95,453 shares during the period. Finally, Bank of America Corp DE boosted its position in Liberty Media Corporation by 0.8% in the first quarter. Bank of America Corp DE now owns 1,156,705 shares of the technology company’s stock worth $44,857,000 after buying an additional 8,681 shares during the period. Institutional investors own 77.94% of the company’s stock.
Shares of Liberty Media Corporation (NASDAQ:LSXMK) traded down 0.70% during mid-day trading on Thursday, hitting $42.64. The stock had a trading volume of 68,057 shares. The company’s 50 day moving average price is $42.27 and its 200 day moving average price is $39.41. The stock has a market cap of $14.31 billion, a P/E ratio of 32.60 and a beta of 2.52. Liberty Media Corporation has a 12-month low of $31.34 and a 12-month high of $46.24.
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LSXMK has been the topic of a number of research reports. TheStreet upgraded Liberty Media Corporation from a “d” rating to a “c” rating in a research note on Friday, July 7th. Zacks Investment Research cut Liberty Media Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, June 21st.
In related news, major shareholder Berkshire Hathaway Inc acquired 644,172 shares of the stock in a transaction dated Wednesday, May 31st. The stock was bought at an average cost of $41.53 per share, with a total value of $26,752,463.16. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders have bought a total of 3,858,865 shares of company stock valued at $147,199,486 over the last three months.
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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