Legal & General Group Plc decreased its stake in Liberty Media Corporation (NASDAQ:BATRK) by 38.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,086 shares of the financial services provider’s stock after selling 8,031 shares during the period. Legal & General Group Plc’s holdings in Liberty Media Corporation were worth $309,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. US Bancorp DE raised its stake in Liberty Media Corporation by 64.7% in the first quarter. US Bancorp DE now owns 7,746 shares of the financial services provider’s stock worth $182,000 after buying an additional 3,042 shares during the period. Seizert Capital Partners LLC bought a new stake in Liberty Media Corporation during the first quarter worth about $210,000. UBS Asset Management Americas Inc. bought a new stake in Liberty Media Corporation during the first quarter worth about $281,000. PNC Financial Services Group Inc. raised its stake in Liberty Media Corporation by 0.3% in the first quarter. PNC Financial Services Group Inc. now owns 14,894 shares of the financial services provider’s stock worth $353,000 after buying an additional 38 shares during the period. Finally, American International Group Inc. raised its stake in Liberty Media Corporation by 7.1% in the first quarter. American International Group Inc. now owns 19,375 shares of the financial services provider’s stock worth $458,000 after buying an additional 1,278 shares during the period. Institutional investors own 71.38% of the company’s stock.
Liberty Media Corporation (BATRK) traded down 1.05% during midday trading on Wednesday, hitting $24.55. The stock had a trading volume of 28,806 shares. Liberty Media Corporation has a 12-month low of $15.21 and a 12-month high of $25.97. The company’s 50-day moving average price is $24.19 and its 200 day moving average price is $23.09. The stock’s market cap is $1.21 billion.
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BATRK has been the subject of a number of recent research reports. Zacks Investment Research upgraded Liberty Media Corporation from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a research note on Wednesday, July 5th. Morgan Stanley reiterated an “underweight” rating and issued a $22.00 target price (up previously from $17.00) on shares of Liberty Media Corporation in a research note on Thursday, June 1st.
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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