Liberty Media Corporation (LSXMA) Shares Bought by Legal & General Group Plc

Legal & General Group Plc increased its stake in shares of Liberty Media Corporation (NASDAQ:LSXMA) by 2.7% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 396,112 shares of the technology company’s stock after buying an additional 10,328 shares during the period. Legal & General Group Plc owned 0.12% of Liberty Media worth $16,597,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Swiss National Bank boosted its holdings in Liberty Media by 3.8% in the 2nd quarter. Swiss National Bank now owns 336,252 shares of the technology company’s stock valued at $14,116,000 after purchasing an additional 12,400 shares during the period. Gamco Investors INC. ET AL boosted its holdings in Liberty Media by 0.5% in the 3rd quarter. Gamco Investors INC. ET AL now owns 641,372 shares of the technology company’s stock valued at $26,873,000 after purchasing an additional 3,062 shares during the period. State of Wisconsin Investment Board boosted its holdings in Liberty Media by 5.4% in the 3rd quarter. State of Wisconsin Investment Board now owns 83,121 shares of the technology company’s stock valued at $3,483,000 after purchasing an additional 4,242 shares during the period. Parametrica Management Ltd bought a new stake in Liberty Media in the 3rd quarter valued at about $272,000. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its holdings in Liberty Media by 15.2% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 50,130 shares of the technology company’s stock valued at $2,104,000 after purchasing an additional 6,621 shares during the period. 25.12% of the stock is owned by institutional investors and hedge funds.

In other news, Chairman John C. Malone sold 153,000 shares of the company’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $37.31, for a total transaction of $5,708,430.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman John C. Malone sold 18,000 shares of the company’s stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $41.99, for a total transaction of $755,820.00. Following the sale, the chairman now directly owns 14,634,102 shares of the company’s stock, valued at approximately $614,485,942.98. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 210,669 shares of company stock valued at $8,121,753.

Shares of Liberty Media Corporation (LSXMA) opened at $42.34 on Monday. Liberty Media Corporation has a twelve month low of $34.04 and a twelve month high of $46.43. The firm has a market cap of $23,190.00 and a P/E ratio of 26.14.

A number of analysts have issued reports on LSXMA shares. Pivotal Research boosted their price objective on shares of Liberty Media from $54.00 to $58.00 and gave the company a “buy” rating in a report on Wednesday, October 25th. Bank of America boosted their price objective on shares of Liberty Media from $46.00 to $54.00 and gave the company a “buy” rating in a report on Thursday, October 12th. Finally, B. Riley reissued a “buy” rating on shares of Liberty Media in a report on Wednesday, November 1st. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $50.80.

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Liberty Media 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).

Institutional Ownership by Quarter for Liberty Media (NASDAQ:LSXMA)

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