Liberty Media Corporation (LSXMA) Receiving Somewhat Favorable Media Coverage, Study Shows
Media stories about Liberty Media Corporation (NASDAQ:LSXMA) have been trending somewhat positive on Saturday, Accern Sentiment reports. The research firm ranks the sentiment of media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Liberty Media Corporation earned a media sentiment score of 0.14 on Accern’s scale. Accern also assigned news headlines about the technology company an impact score of 45.9443694804667 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Shares of Liberty Media Corporation (LSXMA) traded up 0.05% during midday trading on Friday, hitting $43.39. 161,507 shares of the company traded hands. The stock has a market capitalization of $14.58 billion, a P/E ratio of 31.53 and a beta of 2.69. The company has a 50-day moving average price of $43.10 and a 200-day moving average price of $40.19. Liberty Media Corporation has a 52 week low of $31.83 and a 52 week high of $46.43.
LSXMA has been the subject of a number of research reports. Deutsche Bank AG decreased their price target on shares of Liberty Media Corporation from $43.00 to $42.00 and set a “hold” rating for the company in a research note on Friday, May 12th. Zacks Investment Research raised shares of Liberty Media Corporation from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. FBR & Co reaffirmed a “buy” rating and set a $53.00 target price on shares of Liberty Media Corporation in a research note on Tuesday, May 30th. Citigroup Inc. reaffirmed a “neutral” rating and set a $40.00 target price (down previously from $43.00) on shares of Liberty Media Corporation in a research note on Monday, May 15th. Finally, Pivotal Research raised their target price on shares of Liberty Media Corporation from $51.00 to $54.00 and gave the company a “buy” rating in a research note on Tuesday, August 15th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $45.67.
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In other news, CFO Mark D. Carleton sold 30,816 shares of the business’s stock in a transaction that occurred on Monday, June 19th. The shares were sold at an average price of $40.16, for a total transaction of $1,237,570.56. Following the completion of the sale, the chief financial officer now owns 127,446 shares in the company, valued at approximately $5,118,231.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman John C. Malone sold 18,000 shares of the business’s stock in a transaction that occurred on Monday, July 17th. The stock was sold at an average price of $42.02, for a total transaction of $756,360.00. Following the sale, the chairman now owns 15,477,920 shares of the company’s stock, valued at approximately $650,382,198.40. The disclosure for this sale can be found here. Insiders have sold a total of 1,024,821 shares of company stock valued at $41,819,013 in the last 90 days.
Liberty Media Corporation Company Profile
Liberty Media Corporation owns interests in subsidiaries and other companies, which are engaged in the media and entertainment industries. The Company’s principal businesses and assets include its consolidated subsidiaries Sirius XM Holdings Inc (SIRIUS XM) and Braves Holdings, LLC (Braves Holdings), and its equity affiliate Live Nation Entertainment, Inc (Live Nation).
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