512,644 Shares in Liberty Media Corporation (FWONK) Purchased by Balyasny Asset Management LLC
Balyasny Asset Management LLC acquired a new stake in Liberty Media Corporation (NASDAQ:FWONK) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 512,644 shares of the company’s stock, valued at approximately $18,773,000. Balyasny Asset Management LLC owned approximately 0.25% of Liberty Media Corporation as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. acquired a new stake in Liberty Media Corporation during the 2nd quarter worth approximately $400,601,000. FMR LLC purchased a new position in Liberty Media Corporation in the 2nd quarter valued at approximately $332,524,000. Coatue Management LLC purchased a new position in Liberty Media Corporation in the 2nd quarter valued at approximately $219,720,000. BlackRock Inc. purchased a new position in Liberty Media Corporation in the 2nd quarter valued at approximately $183,521,000. Finally, Principal Financial Group Inc. purchased a new position in Liberty Media Corporation in the 2nd quarter valued at approximately $170,630,000. Hedge funds and other institutional investors own 78.23% of the company’s stock.
Shares of Liberty Media Corporation (FWONK) opened at 37.91 on Tuesday. The firm’s market capitalization is $7.09 billion. The stock has a 50 day moving average of $37.57 and a 200-day moving average of $35.14. Liberty Media Corporation has a one year low of $26.44 and a one year high of $39.68.
FWONK has been the subject of a number of analyst reports. J P Morgan Chase & Co initiated coverage on Liberty Media Corporation in a research report on Tuesday. They set a “neutral” rating for the company. Bank of America Corporation initiated coverage on shares of Liberty Media Corporation in a research note on Thursday, September 28th. They set a “buy” rating on the stock. Finally, Zacks Investment Research raised shares of Liberty Media Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Liberty Media Corporation presently has an average rating of “Hold” and an average price target of $33.00.
Liberty Media Corporation Profile
Liberty Media Corporation owns interests in subsidiaries and other companies, which are engaged in the media, communications and entertainment industries. Through its subsidiaries and affiliates, the Company operates in North America. The Company’s businesses and assets include its consolidated subsidiaries SIRIUS XM and the Atlanta National League Baseball Club, Inc, and its equity affiliate Live Nation Entertainment, Inc SIRIUS XM broadcasts music, sports, entertainment, comedy, talk, news, traffic and weather channels, as well as infotainment services, in the United States on a subscription fee basis through its two satellite radio systems.
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