Trading Report: Today, Liberty Media Corp. (LMCA) Chairman John C. Malone Sold 43,835 Shares

Today, Liberty Media Corp. (LMCA) Chairman John C. Malone Sold 43,835 Shares

Liberty Media Corp. (NASDAQ:LMCA) Chairman John C. Malone sold 43,835 shares of the company’s stock in a transaction dated Friday, November 25th. The shares were sold at an average price of $36.05, for a total value of $1,580,251.75. Following the completion of the transaction, the chairman now owns 16,007,989 shares in the company, valued at approximately $577,088,003.45. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Shares of Liberty Media Corp. (NASDAQ:LMCA) opened at 31.45 on Tuesday. The stock has a 50 day moving average price of $29.14 and a 200 day moving average price of $23.75. Liberty Media Corp. has a 52-week low of $17.72 and a 52-week high of $33.28.

Institutional investors have recently added to or reduced their stakes in the stock. Deere & Co. acquired a new position in Liberty Media Corp. during the second quarter valued at $456,000. American International Group Inc. boosted its position in Liberty Media Corp. by 8.6% in the second quarter. American International Group Inc. now owns 13,668 shares of the company’s stock valued at $262,000 after buying an additional 1,083 shares during the period. Cowen Group Inc. acquired a new position in Liberty Media Corp. during the second quarter valued at $683,000. Nationwide Fund Advisors acquired a new position in Liberty Media Corp. during the second quarter valued at $289,000. Finally, GSA Capital Partners LLP acquired a new position in Liberty Media Corp. during the second quarter valued at $1,051,000. Institutional investors and hedge funds own 27.99% of the company’s stock.

A number of research firms recently commented on LMCA. Zacks Investment Research downgraded Liberty Media Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, August 24th. Pivotal Research began coverage on Liberty Media Corp. in a report on Tuesday, September 13th. They issued a “buy” rating and a $35.00 price objective on the stock. FBN Securities downgraded Liberty Media Corp. from an “outperform” rating to a “sector perform” rating in a report on Monday, November 21st. Citigroup Inc. increased their price objective on Liberty Media Corp. from $21.00 to $22.00 and gave the stock a “neutral” rating in a report on Wednesday, August 24th. Finally, Wunderlich downgraded Liberty Media Corp. from a “buy” rating to a “hold” rating and increased their price objective for the stock from $25.50 to $31.00 in a report on Monday, September 26th. Five analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. Liberty Media Corp. has a consensus rating of “Buy” and a consensus target price of $37.67.

Liberty Media Corp. Company Profile

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