Odey Asset Management Group Ltd Purchases New Position in Liberty Media Corporation (FWONA)
Odey Asset Management Group Ltd purchased a new position in shares of Liberty Media Corporation (NASDAQ:FWONA) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 951,500 shares of the company’s stock, valued at approximately $33,331,000. Liberty Media Corporation comprises approximately 3.7% of Odey Asset Management Group Ltd’s portfolio, making the stock its 8th largest holding. Odey Asset Management Group Ltd owned about 0.47% of Liberty Media Corporation at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. purchased a new position in Liberty Media Corporation during the 2nd quarter valued at $67,778,000. Fairview Capital Investment Management LLC bought a new position in Liberty Media Corporation in the 2nd quarter valued at $40,832,000. Dynamo Internacional Gestao DE Recursos LTDA. bought a new position in Liberty Media Corporation in the 2nd quarter valued at $28,495,000. ThornTree Capital Partners LP bought a new position in Liberty Media Corporation in the 2nd quarter valued at $19,278,000. Finally, Principal Financial Group Inc. bought a new position in Liberty Media Corporation in the 2nd quarter valued at $18,881,000. 11.47% of the stock is owned by hedge funds and other institutional investors.
A number of analysts have weighed in on FWONA shares. Citigroup Inc. upgraded Liberty Media Corporation from a “neutral” rating to a “buy” rating and set a $44.00 target price on the stock in a research note on Tuesday, September 5th. FBR & Co boosted their target price on shares of Liberty Media Corporation from $31.00 to $33.00 and gave the company a “neutral” rating in a research note on Tuesday, August 15th. Zacks Investment Research raised shares of Liberty Media Corporation from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 1st. FBN Securities cut shares of Liberty Media Corporation from an “outperform” rating to a “sector perform” rating in a report on Tuesday, June 6th. Finally, Bank of America Corporation started coverage on shares of Liberty Media Corporation in a report on Thursday. They issued a “buy” rating and a $45.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Liberty Media Corporation currently has a consensus rating of “Hold” and an average price target of $38.57.
In other news, 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 value of $66,685.52. Following the sale, the director now directly owns 823 shares of the company’s stock, valued at approximately $30,055.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman John C. Malone sold 18,000 shares of the business’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 sale, the chairman now directly owns 14,634,102 shares in the company, valued at $614,485,942.98. The disclosure for this sale can be found here. Company insiders own 5.34% of the company’s stock.
Shares of Liberty Media Corporation (FWONA) traded down 0.85% during midday trading on Monday, reaching $36.18. The company’s stock had a trading volume of 67,957 shares. The stock’s 50-day moving average is $35.68 and its 200-day moving average is $33.57. Liberty Media Corporation has a one year low of $26.95 and a one year high of $38.60. The company’s market capitalization is $7.78 billion.
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Liberty Media Corporation Profile
Formula One Group, through its subsidiaries, engages in the media and entertainment businesses in North America. Formula One Group was formerly known as The Liberty Media Group. The company is based in Englewood, Colorado. Formula One Group is a former subsidiary of Liberty Media Corporation.
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