Quantbot Technologies LP Buys Shares of 7,620 Liberty Media Corporation (FWONK)
Quantbot Technologies LP bought a new position in Liberty Media Corporation (NASDAQ:FWONK) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 7,620 shares of the company’s stock, valued at approximately $279,000.
Other institutional investors and hedge funds also recently modified their holdings of the company. Vantage Investment Advisors LLC purchased a new stake in Liberty Media Corporation during the second quarter worth $113,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in Liberty Media Corporation during the second quarter valued at $173,000. SG Americas Securities LLC acquired a new stake in Liberty Media Corporation during the second quarter valued at $183,000. D.A. Davidson & CO. acquired a new stake in Liberty Media Corporation during the second quarter valued at $188,000. Finally, Neuberger Berman Group LLC acquired a new stake in Liberty Media Corporation during the second quarter valued at $206,000. Hedge funds and other institutional investors own 78.23% of the company’s stock.
A number of brokerages have weighed in on FWONK. Bank of America Corporation began coverage on shares of Liberty Media Corporation in a research report on Thursday, September 28th. They issued a “buy” rating for the company. Zacks Investment Research raised shares of Liberty Media Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st. Finally, J P Morgan Chase & Co assumed coverage on Liberty Media Corporation in a research report on Tuesday. They set a “neutral” rating and a $38.00 target price on the stock. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Liberty Media Corporation has a consensus rating of “Hold” and a consensus price target of $34.25.
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Shares of Liberty Media Corporation (NASDAQ:FWONK) opened at 39.08 on Wednesday. The firm’s market capitalization is $7.31 billion. Liberty Media Corporation has a one year low of $26.44 and a one year high of $39.68. The firm has a 50-day moving average price of $37.72 and a 200 day moving average price of $35.18.
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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