BlackRock Inc. acquired a new position in Liberty Media Corporation (NASDAQ:FWONK) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 5,011,518 shares of the company’s stock, valued at approximately $183,521,000. BlackRock Inc. owned approximately 2.48% of Liberty Media Corporation as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also recently modified their holdings of the business. Vantage Investment Advisors LLC purchased a new position in Liberty Media Corporation in the second quarter valued at about $113,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in Liberty Media Corporation in the second quarter valued at about $173,000. SG Americas Securities LLC purchased a new position in Liberty Media Corporation in the second quarter valued at about $183,000. Neuberger Berman Group LLC purchased a new position in Liberty Media Corporation in the second quarter valued at about $206,000. Finally, Ameriprise Financial Inc. purchased a new position in Liberty Media Corporation in the second quarter valued at about $211,000. 78.24% of the stock is owned by institutional investors and hedge funds.
Liberty Media Corporation (NASDAQ FWONK) opened at 39.58 on Wednesday. The firm has a 50-day moving average of $38.53 and a 200-day moving average of $35.42. The stock’s market capitalization is $8.51 billion. Liberty Media Corporation has a 1-year low of $26.44 and a 1-year high of $41.13.
A number of research analysts have weighed in on the stock. Bank of America Corporation assumed coverage on shares of Liberty Media Corporation in a research note on Thursday, September 28th. They issued a “buy” rating on the stock. Zacks Investment Research upgraded shares of Liberty Media Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st. Finally, J P Morgan Chase & Co assumed coverage on shares of Liberty Media Corporation in a research note on Tuesday, October 3rd. They issued a “neutral” rating and a $38.00 target price on the stock. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $35.33.
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Liberty Media Corporation Profile
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.
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