PNC Financial Services Group Inc. acquired a new position in shares of Liberty Media Corporation (NASDAQ:FWONK) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 34,642 shares of the company’s stock, valued at approximately $1,269,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Artemis Investment Management LLP purchased a new stake in Liberty Media Corporation in the 2nd quarter worth approximately $25,578,000. American Century Companies Inc. purchased a new stake in Liberty Media Corporation in the 2nd quarter worth approximately $31,715,000. Seizert Capital Partners LLC purchased a new stake in Liberty Media Corporation in the 2nd quarter worth approximately $114,890,000. First Eagle Investment Management LLC purchased a new stake in Liberty Media Corporation in the 2nd quarter worth approximately $1,879,000. Finally, Rhumbline Advisers purchased a new stake in Liberty Media Corporation in the 2nd quarter worth approximately $3,627,000. 78.23% of the stock is owned by institutional investors and hedge funds.

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Shares of Liberty Media Corporation (FWONK) opened at 40.45 on Friday. Liberty Media Corporation has a 52 week low of $26.44 and a 52 week high of $41.13. The stock’s market capitalization is $7.56 billion. The stock’s 50 day moving average is $38.23 and its 200 day moving average is $35.30.

Several brokerages have recently issued reports on FWONK. Zacks Investment Research raised shares of Liberty Media Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st. J P Morgan Chase & Co began coverage on shares of Liberty Media Corporation in a research note on Tuesday. They set a “neutral” rating and a $38.00 price objective for the company. Finally, Bank of America Corporation began coverage on shares of Liberty Media Corporation in a research note on Thursday, September 28th. They set a “buy” rating for the company. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $35.33.

About Liberty Media Corporation

Liberty Media Corporation owns interests in subsidiaries and other companies, which are engaged in the media, communications and entertainment industries. Through its subsidiaries and affiliates, the Company operates in North America. The Company’s businesses and assets include its consolidated subsidiaries SIRIUS XM and the Atlanta National League Baseball Club, Inc, and its equity affiliate Live Nation Entertainment, Inc SIRIUS XM broadcasts music, sports, entertainment, comedy, talk, news, traffic and weather channels, as well as infotainment services, in the United States on a subscription fee basis through its two satellite radio systems.

Institutional Ownership by Quarter for Liberty Media Corporation (NASDAQ:FWONK)

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