Today, Liberty Media Corp. (LMCA) Position Held by Markel Corp

Today, Liberty Media Corp. (LMCA) Position Held by Markel Corp

Markel Corp held its stake in Liberty Media Corp. (NASDAQ:LMCA) during the third quarter, Holdings Channel reports. The firm owned 121,500 shares of the company’s stock at the end of the third quarter. Markel Corp’s holdings in Liberty Media Corp. were worth $3,481,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Deere & Co. bought a new stake in shares of Liberty Media Corp. during the second quarter worth approximately $456,000. American International Group Inc. increased its stake in shares of Liberty Media Corp. by 8.6% in the second quarter. American International Group Inc. now owns 13,668 shares of the company’s stock worth $262,000 after buying an additional 1,083 shares during the last quarter. Cowen Group Inc. bought a new stake in shares of Liberty Media Corp. during the second quarter worth approximately $683,000. Nationwide Fund Advisors bought a new stake in shares of Liberty Media Corp. during the second quarter worth approximately $289,000. Finally, GSA Capital Partners LLP bought a new stake in shares of Liberty Media Corp. during the second quarter worth approximately $1,051,000. Institutional investors and hedge funds own 26.03% of the company’s stock.

Liberty Media Corp. (NASDAQ:LMCA) traded up 0.73% during midday trading on Friday, hitting $31.95. The company had a trading volume of 25,625 shares. The stock’s 50-day moving average price is $28.97 and its 200-day moving average price is $23.50. Liberty Media Corp. has a 52-week low of $17.72 and a 52-week high of $33.28.

A number of brokerages have issued reports on LMCA. FBN Securities downgraded Liberty Media Corp. from an “outperform” rating to a “sector perform” rating in a research report on Monday. Pivotal Research increased their price target on Liberty Media Corp. from $35.00 to $55.00 and gave the stock a “buy” rating in a research report on Wednesday, November 16th. Zacks Investment Research upgraded Liberty Media Corp. from a “hold” rating to a “strong-buy” rating and set a $33.00 price target on the stock in a research report on Friday, November 11th. Wunderlich downgraded Liberty Media Corp. from a “buy” rating to a “hold” rating and increased their price target for the stock from $25.50 to $31.00 in a research report on Monday, September 26th. Finally, Citigroup Inc. upgraded Liberty Media Corp. from a “neutral” rating to a “buy” rating and increased their price target for the stock from $22.00 to $32.00 in a research report on Tuesday, September 13th. Five investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $37.67.

In other Liberty Media Corp. news, Chairman John C. Malone sold 43,059 shares of Liberty Media Corp. stock in a transaction that occurred on Monday, November 21st. The stock was sold at an average price of $36.03, for a total value of $1,551,415.77. Following the sale, the chairman now owns 16,121,161 shares of the company’s stock, valued at approximately $580,845,430.83. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Christopher W. Shean sold 12,471 shares of Liberty Media Corp. stock in a transaction that occurred on Thursday, September 22nd. The shares were sold at an average price of $29.55, for a total value of $368,518.05. Following the completion of the sale, the chief financial officer now directly owns 24,157 shares in the company, valued at approximately $713,839.35. The disclosure for this sale can be found here. 13.10% of the stock is owned by company insiders.

Liberty Media Corp. Company Profile

Liberty Media Corporation (Liberty) owns interests in subsidiaries and other companies, which are engaged in the media and entertainment industries. Through its subsidiaries and affiliates, the Company principally operates in North America. Its principal businesses and assets include its consolidated subsidiaries Sirius XM Holdings Inc (SIRIUS XM) and the Braves Holdings, LLC (Braves Holdings), and its equity affiliate Live Nation Entertainment, Inc (Live Nation).

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