Liberty Media Corp. (NASDAQ:LMCA) – Equities researchers at FBR & Co upped their FY2016 earnings per share (EPS) estimates for shares of Liberty Media Corp. in a report issued on Wednesday. FBR & Co analyst B. Crockett now anticipates that the brokerage will post earnings of $3.16 per share for the year, up from their previous forecast of $2.12. FBR & Co has a “Buy” rating and a $25.00 price objective on the stock. FBR & Co also issued estimates for Liberty Media Corp.’s Q4 2016 earnings at ($0.21) EPS, FY2017 earnings at ($0.31) EPS, FY2018 earnings at ($0.33) EPS, FY2019 earnings at ($0.36) EPS and FY2020 earnings at ($0.38) EPS.

Several other equities research analysts have also commented on LMCA. Citigroup Inc. upgraded shares of Liberty Media Corp. from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $22.00 to $32.00 in a research report on Tuesday, September 13th. Pivotal Research began coverage on shares of Liberty Media Corp. in a research report on Tuesday, September 13th. They issued a “buy” rating and a $35.00 price objective on the stock. Zacks Investment Research upgraded shares of Liberty Media Corp. from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a research report on Tuesday, August 23rd. Wunderlich boosted their price objective on shares of Liberty Media Corp. from $22.50 to $25.50 and gave the stock a “buy” rating in a research report on Friday, July 29th. Finally, FBN Securities reiterated an “outperform” rating on shares of Liberty Media Corp. in a research report on Monday, September 26th. Four analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $36.80.

Shares of Liberty Media Corp. (NASDAQ:LMCA) opened at 29.48 on Friday. The firm’s 50 day moving average is $28.32 and its 200-day moving average is $22.73. Liberty Media Corp. has a 12 month low of $17.72 and a 12 month high of $30.11.

In related news, CFO Christopher W. Shean sold 12,471 shares of the stock in a transaction that occurred on Thursday, September 22nd. The shares were sold at an average price of $29.55, for a total transaction of $368,518.05. Following the completion of the sale, the chief financial officer now owns 24,157 shares of the company’s stock, valued at approximately $713,839.35. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Chairman John C. Malone sold 127,357 shares of the stock in a transaction that occurred on Monday, August 22nd. The stock was sold at an average price of $32.53, for a total transaction of $4,142,923.21. Following the sale, the chairman now directly owns 16,164,220 shares of the company’s stock, valued at approximately $525,822,076.60. The disclosure for this sale can be found here. Insiders own 13.10% of the company’s stock.

A number of hedge funds have recently bought and sold shares of LMCA. BlackRock Inc. increased its stake in Liberty Media Corp. by 3.3% in the third quarter. BlackRock Inc. now owns 5,750 shares of the company’s stock worth $165,000 after buying an additional 186 shares during the period. Rhumbline Advisers increased its stake in Liberty Media Corp. by 0.9% in the third quarter. Rhumbline Advisers now owns 33,981 shares of the company’s stock worth $974,000 after buying an additional 310 shares during the period. PNC Financial Services Group Inc. increased its stake in Liberty Media Corp. by 6.8% in the third quarter. PNC Financial Services Group Inc. now owns 6,523 shares of the company’s stock worth $187,000 after buying an additional 415 shares during the period. California State Teachers Retirement System increased its stake in Liberty Media Corp. by 1.0% in the third quarter. California State Teachers Retirement System now owns 48,493 shares of the company’s stock worth $1,389,000 after buying an additional 500 shares during the period. Finally, Teachers Advisors LLC increased its stake in Liberty Media Corp. by 1.6% in the third quarter. Teachers Advisors LLC now owns 41,361 shares of the company’s stock worth $1,185,000 after buying an additional 640 shares during the period. 25.96% of the stock is owned by hedge funds and other institutional investors.

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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