Liberty Media Corp. (NASDAQ:LMCA) was downgraded by stock analysts at FBN Securities from an “outperform” rating to a “sector perform” rating in a research report issued on Monday.

Several other research firms also recently issued reports on LMCA. Wunderlich downgraded Liberty Media Corp. from a “buy” rating to a “hold” rating and lifted their price target for the stock from $25.50 to $31.00 in a research note on Monday, September 26th. Citigroup Inc. lifted their price target on Liberty Media Corp. from $21.00 to $22.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 24th. Pivotal Research lifted their price target on Liberty Media Corp. from $35.00 to $55.00 and gave the stock a “buy” rating in a research note on Wednesday, November 16th. Zacks Investment Research upgraded Liberty Media Corp. from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a research report on Tuesday, August 23rd. Finally, FBR & Co reiterated a “buy” rating and set a $25.00 price objective on shares of Liberty Media Corp. in a research report on Thursday, September 8th. Five investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $37.67.

Analyst Recommendations for Liberty Media Corp. (NASDAQ:LMCA)

Shares of Liberty Media Corp. (NASDAQ:LMCA) opened at 31.39 on Monday. Liberty Media Corp. has a 12 month low of $17.72 and a 12 month high of $33.28. The stock’s 50 day moving average is $28.89 and its 200 day moving average is $23.44.

In other news, CFO Christopher W. Shean sold 12,471 shares of the business’s stock in a transaction dated Thursday, September 22nd. The stock was 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 in the company, valued at approximately $713,839.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman John C. Malone sold 200,428 shares of the business’s stock in a transaction dated Friday, August 26th. The stock was sold at an average price of $32.71, for a total value of $6,555,999.88. Following the sale, the chairman now owns 16,164,220 shares of the company’s stock, valued at approximately $528,731,636.20. The disclosure for this sale can be found here. 13.10% of the stock is owned by company insiders.

Several hedge funds have recently modified their holdings of the company. US Bancorp DE boosted its stake in shares of Liberty Media Corp. by 411.2% in the third quarter. US Bancorp DE now owns 3,732 shares of the company’s stock worth $107,000 after buying an additional 3,002 shares during the last quarter. Howard Hughes Medical Institute boosted its stake in shares of Liberty Media Corp. by 231.0% in the third quarter. Howard Hughes Medical Institute now owns 3,942 shares of the company’s stock worth $113,000 after buying an additional 2,751 shares during the last quarter. BlackRock Inc. boosted its stake in shares of 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 last quarter. PNC Financial Services Group Inc. boosted its stake in shares of 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 last quarter. Finally, Wellington Shields Capital Management LLC purchased a new stake in shares of Liberty Media Corp. during the third quarter worth about $203,000. Institutional investors and hedge funds own 26.03% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “FBN Securities Downgrades Liberty Media Corp. (LMCA) to Sector Perform” was first reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this report on another website, it was illegally copied and republished in violation of international trademark and copyright legislation. The correct version of this report can be read at https://www.thecerbatgem.com/2016/11/23/fbn-securities-downgrades-liberty-media-corp-lmca-to-sector-perform.html.

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).

5 Day Chart for NASDAQ:LMCA

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