Zacks Investment Management purchased a new position in shares of Liberty Media Corporation (NASDAQ:FWONA) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 44,677 shares of the company’s stock, valued at approximately $1,565,000.

Other institutional investors have also bought and sold shares of the company. Legal & General Group Plc bought a new position in Liberty Media Corporation during the second quarter worth about $109,000. Howard Hughes Medical Institute bought a new position in Liberty Media Corporation during the second quarter worth about $132,000. Wayne Hummer Investments L.L.C. bought a new position in Liberty Media Corporation during the second quarter worth about $218,000. PNC Financial Services Group Inc. bought a new position in Liberty Media Corporation during the second quarter worth about $220,000. Finally, SG Americas Securities LLC bought a new position in Liberty Media Corporation during the second quarter worth about $229,000. Institutional investors and hedge funds own 12.22% of the company’s stock.

Shares of Liberty Media Corporation (NASDAQ FWONA) opened at 36.49 on Friday. The company’s market cap is $7.85 billion. Liberty Media Corporation has a one year low of $26.95 and a one year high of $38.60. The stock’s 50 day moving average price is $35.68 and its 200-day moving average price is $33.57.

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A number of research firms recently commented on FWONA. FBR & Co lifted their price target on Liberty Media Corporation from $31.00 to $33.00 and gave the stock a “neutral” rating in a report on Tuesday, August 15th. Bank of America Corporation initiated coverage on Liberty Media Corporation in a report on Thursday. They set a “buy” rating and a $45.00 price objective for the company. Zacks Investment Research upgraded Liberty Media Corporation from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 1st. FBN Securities cut Liberty Media Corporation from an “outperform” rating to a “sector perform” rating in a report on Tuesday, June 6th. Finally, Citigroup Inc. upgraded Liberty Media Corporation from a “neutral” rating to a “buy” rating and set a $44.00 price objective for the company in a report on Tuesday, September 5th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $38.57.

In other news, Chairman John C. Malone sold 18,000 shares of the 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 transaction, the chairman now directly owns 14,634,102 shares of the company’s stock, valued at approximately $614,485,942.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Malcolm Ian Grant Gilchrist sold 1,826 shares of the stock in a transaction that occurred on Monday, September 25th. The shares were sold at an average price of $36.52, for a total transaction of $66,685.52. Following the transaction, the director now directly owns 823 shares of the company’s stock, valued at $30,055.96. The disclosure for this sale can be found here. 5.34% of the stock is owned by corporate insiders.

About Liberty Media Corporation

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.

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

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