In other Liberty Media Corporation news, Chairman John C. Malone sold 64,000 shares of Liberty Media Corporation stock in a transaction dated Monday, June 12th.
Several hedge funds and other institutional investors have recently modified their holdings of the company. The Liberty Media Group operates as a subsidiary of Liberty Media Corporation. Vanguard Group Inc. now owns 6,191,159 shares of the company's stock valued at $275,383,000 after buying an additional 253,058 shares in the last quarter. Leucadia National Corp acquired a new position in Liberty Media Corporation during the first quarter valued at approximately $12,849,000. Finally, River Road Asset Management LLC raised its stake in Liberty Interactive Corporation by 25.3% in the first quarter. LLC raised its position in shares of Liberty Interactive Corporation by 32.2% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 5,359 shares of the technology company's stock valued at $194,000 after buying an additional 373 shares during the period.
Shares of Liberty Media Corporation (FWONK) traded up 1.76% on Friday, hitting $34.61. Meeder Asset Management Inc. now owns 4,205 shares of the company's stock worth $103,000 after buying an additional 2,257 shares in the last quarter. Liberty Media Corporation has a 52 week low of $31.83 and a 52 week high of $46.43. The stock has a market capitalization of $10.14 billion, a PE ratio of 23.485 and a beta of 1.21. Volume was up 558.76% over the stocks average daily volume.
In the last earnings report the EPS was $-0.29 and is estimated to be $-1.01 for the current year with 201,995,000 shares outstanding. Next quarter's EPS is expected be $-0.26 and the next full year EPS is projected to be $-1.03.
ILLEGAL ACTIVITY NOTICE: "Somewhat Favorable News Coverage Somewhat Unlikely to Impact Liberty Media Corporation (FWONK) Share Price" was originally posted by Sports Perspectives and is the property of of Sports Perspectives. If you are reading this report on another website, it was copied illegally and reposted in violation of USA & worldwide trademark & copyright laws. The legal version of this report can be viewed at https://www.themarketsdaily.com/2017/08/12/liberty-interactive-corporation-nasdaqlvnta-upgraded-at-bidaskclub-updated-updated-updated.html. Pivotal Research reissued a "buy" rating and set a $51.00 price target on shares of Liberty Media Corporation in a research report on Wednesday, May 24th. Zacks' EPS averages are a mean average based on a survey of sell-side analysts that follow Liberty Media Corporation. Barclays PLC initiated coverage on Liberty Media Corporation in a research report on Tuesday, May 23rd. OLD Mutual Customised Solutions Proprietary Ltd. boosted its position in shares of Liberty Media Corporation by 9.6% in the first quarter. Three investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. Morgan Stanley restated an "underweight" rating and set a $22.00 price target (up previously from $17.00) on shares of Liberty Media Corporation in a research note on Thursday, June 1st. Institutional investors own 90.00% of the company's stock. The 50 day moving average was down $-0.23 whereas the 200 day moving average was up $0.95 or +2.82%. Following the transaction, the chairman now directly owns 2,896,672 shares in the company, valued at approximately $95,010,841.60.
Rio Tinto's first-half profit jumps 93 per cent to $4.1b
Shareholder returns amount to around 75 per cent of underlying earnings in the first half of the year, the company said. Finally, Capstone Asset Management Co. raised its stake in shares of Rio Tinto PLC by 2.3% in the first quarter.
Good day and reasons to call 811 before digging
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Jaguars release Branden Albert
This was the inevitable conclusion once Albert came back to the club, which had already moved on without him in the first place. Prior to his retirement, Albert was expected to compete with Jaguars rookie Cam Robinson for the starting left tackle job.