OxFORD Asset Management LLP Sells 113,897 Shares of Liberty Media Corporation (LSXMA)
OxFORD Asset Management LLP lowered its stake in shares of Liberty Media Corporation (NASDAQ:LSXMA) by 64.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 63,102 shares of the technology company’s stock after selling 113,897 shares during the quarter. OxFORD Asset Management LLP’s holdings in Liberty Media Corporation were worth $2,649,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently modified their holdings of the stock. BlackRock Inc. grew its holdings in Liberty Media Corporation by 5,832.2% in the first quarter. BlackRock Inc. now owns 6,304,119 shares of the technology company’s stock worth $245,359,000 after purchasing an additional 6,197,849 shares during the last quarter. Jana Partners LLC acquired a new position in shares of Liberty Media Corporation during the first quarter worth $62,713,000. Vanguard Group Inc. increased its position in shares of Liberty Media Corporation by 5.3% during the first quarter. Vanguard Group Inc. now owns 8,934,026 shares of the technology company’s stock worth $347,713,000 after purchasing an additional 448,320 shares in the last quarter. Point72 Asset Management L.P. increased its position in shares of Liberty Media Corporation by 185.5% during the first quarter. Point72 Asset Management L.P. now owns 660,339 shares of the technology company’s stock worth $25,700,000 after purchasing an additional 429,039 shares in the last quarter. Finally, Renaissance Technologies LLC acquired a new position in shares of Liberty Media Corporation during the first quarter worth $10,551,000. 24.67% of the stock is currently owned by institutional investors.
In other Liberty Media Corporation news, Director Malcolm Ian Grant Gilchrist sold 1,826 shares of the firm’s stock in a transaction dated Monday, September 25th. The stock was sold at an average price of $36.52, for a total transaction of $66,685.52. Following the transaction, the director now owns 823 shares of the company’s stock, valued at $30,055.96. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Chairman John C. Malone sold 18,000 shares of the firm’s stock in a transaction dated Monday, July 17th. The stock was sold at an average price of $42.02, for a total value of $756,360.00. Following the transaction, the chairman now directly owns 15,477,920 shares in the company, valued at approximately $650,382,198.40. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,119,487 shares of company stock valued at $45,739,964.
Several equities analysts have recently issued reports on the stock. Pivotal Research upped their price objective on shares of Liberty Media Corporation from $51.00 to $54.00 and gave the company a “buy” rating in a report on Tuesday, August 15th. Citigroup Inc. increased their price objective on shares of Liberty Media Corporation from $40.00 to $47.00 and gave the company a “neutral” rating in a research report on Monday, August 7th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Liberty Media Corporation currently has an average rating of “Buy” and a consensus price target of $45.67.
Liberty Media Corporation (NASDAQ:LSXMA) opened at 42.41 on Wednesday. The company has a 50 day moving average price of $42.11 and a 200 day moving average price of $42.11. The firm has a market capitalization of $14.25 billion, a P/E ratio of 30.82 and a beta of 2.57. Liberty Media Corporation has a 52-week low of $31.83 and a 52-week high of $43.06.
Liberty Media Corporation Company Profile
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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