Today The Liberty Media Corporation (LSXMA) Position Decreased by Markston International LLC

Today The Liberty Media Corporation (LSXMA) Position Decreased by Markston International LLC

Markston International LLC cut its position in Liberty Media Corporation (NASDAQ:LSXMA) by 7.1% during the third quarter, Holdings Channel reports. The fund owned 256,073 shares of the company’s stock after selling 19,482 shares during the period. Markston International LLC’s holdings in Liberty Media Corporation were worth $8,701,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of LSXMA. Partners Capital Investment Group LLC purchased a new stake in Liberty Media Corporation during the second quarter valued at approximately $122,000. US Bancorp DE purchased a new stake in Liberty Media Corporation during the second quarter valued at approximately $125,000. Bank of Montreal Can increased its stake in Liberty Media Corporation by 32.7% in the third quarter. Bank of Montreal Can now owns 4,183 shares of the company’s stock valued at $142,000 after buying an additional 1,030 shares in the last quarter. Seven Bridges Advisors LLC increased its stake in Liberty Media Corporation by 13.2% in the third quarter. Seven Bridges Advisors LLC now owns 5,704 shares of the company’s stock valued at $194,000 after buying an additional 666 shares in the last quarter. Finally, Sumitomo Mitsui Asset Management Company LTD purchased a new stake in Liberty Media Corporation during the third quarter valued at approximately $200,000. Institutional investors and hedge funds own 24.48% of the company’s stock.

Liberty Media Corporation (NASDAQ:LSXMA) traded up 0.60% on Wednesday, reaching $35.41. The company’s stock had a trading volume of 42,251 shares. Liberty Media Corporation has a 12-month low of $28.00 and a 12-month high of $36.88. The stock’s market cap is $11.86 billion. The company’s 50 day moving average price is $35.15 and its 200-day moving average price is $34.25.

Several brokerages recently issued reports on LSXMA. Zacks Investment Research raised Liberty Media Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, December 13th. Morgan Stanley cut Liberty Media Corporation from an “overweight” rating to an “equal weight” rating in a research report on Monday. Deutsche Bank AG cut Liberty Media Corporation from a “buy” rating to a “hold” rating and lifted their target price for the company from $37.00 to $39.00 in a research report on Wednesday, November 16th. They noted that the move was a valuation call. Pivotal Research lifted their target price on Liberty Media Corporation from $44.00 to $48.00 and gave the company a “buy” rating in a research report on Friday, September 30th. Finally, Macquarie raised Liberty Media Corporation from a “neutral” rating to an “outperform” rating and set a $41.00 target price on the stock in a research report on Monday, November 14th. One analyst has rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $41.32.

Liberty Media Corporation 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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