Royal Bank of Canada purchased a new stake in Liberty Media Corporation (NASDAQ:FWONA) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 30,220 shares of the company’s stock, valued at approximately $1,058,000.

Several other large investors have also made changes to their positions in FWONA. Hunting Hill Global Capital LLC bought a new position in shares of Liberty Media Corporation in the 2nd quarter valued at about $3,502,000. Schwab Charles Investment Management Inc. bought a new position in shares of Liberty Media Corporation in the 2nd quarter valued at about $1,795,000. First Trust Advisors LP bought a new position in shares of Liberty Media Corporation in the 2nd quarter valued at about $5,786,000. Rhumbline Advisers bought a new position in shares of Liberty Media Corporation in the 2nd quarter valued at about $1,076,000. Finally, Shufro Rose & Co. LLC bought a new position in shares of Liberty Media Corporation in the 2nd quarter valued at about $624,000. 11.46% of the stock is owned by hedge funds and other institutional investors.

Shares of Liberty Media Corporation (FWONA) opened at $36.16 on Friday. The company has a market capitalization of $7.82 billion, a PE ratio of 134.74 and a beta of 1.44. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.43 and a current ratio of 0.43.

In other news, Chairman John C. Malone sold 18,000 shares of the firm’s stock in a transaction on Monday, September 18th. The stock was sold at an average price of $41.99, for a total value 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 sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman John C. Malone sold 153,000 shares of the firm’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $37.31, for a total value of $5,708,430.00. Following the completion of the sale, the chairman now owns 2,708,427 shares of the company’s stock, valued at $101,051,411.37. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 190,826 shares of company stock valued at $7,309,976. 5.34% of the stock is currently owned by corporate insiders.

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FWONA has been the subject of a number of analyst reports. Citigroup Inc raised shares of Liberty Media Corporation from a “neutral” rating to a “buy” rating and set a $44.00 price target for the company in a report on Tuesday, September 5th. Macquarie reaffirmed a “buy” rating and issued a $45.00 price target on shares of Liberty Media Corporation in a report on Thursday, October 5th. FBR & Co reaffirmed a “hold” rating on shares of Liberty Media Corporation in a report on Wednesday, September 20th. J P Morgan Chase & Co initiated coverage on shares of Liberty Media Corporation in a report on Tuesday, October 3rd. They issued a “hold” rating and a $38.00 price target for the company. Finally, Bank of America Corporation initiated coverage on shares of Liberty Media Corporation in a report on Thursday, September 28th. They issued a “buy” rating and a $45.00 price target for the company. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Liberty Media Corporation has a consensus rating of “Hold” and a consensus price target of $39.38.

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

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