Southeastern Asset Management Inc. TN bought a new stake in Liberty Media Corporation (NASDAQ:FWONA) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 557,374 shares of the company’s stock, valued at approximately $19,525,000. Liberty Media Corporation makes up approximately 0.2% of Southeastern Asset Management Inc. TN’s investment portfolio, making the stock its 25th biggest position. Southeastern Asset Management Inc. TN owned approximately 0.28% of Liberty Media Corporation at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. bought a new position in shares of Liberty Media Corporation in the second quarter valued at approximately $67,778,000. Fairview Capital Investment Management LLC bought a new position in shares of Liberty Media Corporation in the second quarter valued at approximately $40,832,000. Odey Asset Management Group Ltd bought a new position in shares of Liberty Media Corporation in the second quarter valued at approximately $33,331,000. Dynamo Internacional Gestao DE Recursos LTDA. bought a new position in shares of Liberty Media Corporation in the second quarter valued at approximately $28,495,000. Finally, ThornTree Capital Partners LP bought a new position in shares of Liberty Media Corporation in the second quarter valued at approximately $19,278,000. Institutional investors own 11.47% of the company’s stock.

Shares of Liberty Media Corporation (NASDAQ:FWONA) traded up 2.41% during mid-day trading on Thursday, reaching $39.08. The company had a trading volume of 67,948 shares. The company has a 50 day moving average price of $36.68 and a 200 day moving average price of $33.88. Liberty Media Corporation has a one year low of $26.95 and a one year high of $39.32. The company’s market capitalization is $1.00 billion.

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In related news, Director Malcolm Ian Grant Gilchrist sold 1,826 shares of the company’s stock in a transaction that occurred on Monday, September 25th. The stock was sold at an average price of $36.52, for a total value of $66,685.52. Following the transaction, the director now directly owns 823 shares of the company’s stock, valued at approximately $30,055.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman John C. Malone sold 18,000 shares of the company’s stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $41.99, for a total value of $755,820.00. Following the completion of the transaction, the chairman now directly owns 14,634,102 shares in the company, valued at $614,485,942.98. The disclosure for this sale can be found here. Insiders sold a total of 172,826 shares of company stock worth $6,530,936 over the last ninety days. 5.34% of the stock is currently owned by insiders.

A number of research analysts have recently weighed in on the company. J P Morgan Chase & Co assumed coverage on Liberty Media Corporation in a report on Tuesday. They issued a “hold” rating and a $38.00 target price on the stock. FBR & Co raised their target price on Liberty Media Corporation from $31.00 to $33.00 and gave the company a “neutral” rating in a report on Tuesday, August 15th. Citigroup Inc. raised their target price on Liberty Media Corporation from $32.00 to $34.00 and gave the company a “neutral” rating in a report on Monday, August 14th. Zacks Investment Research upgraded Liberty Media Corporation from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 1st. Finally, Bank of America Corporation assumed coverage on Liberty Media Corporation in a report on Thursday, September 28th. They issued a “buy” rating and a $45.00 target price on the stock. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $38.57.

Liberty Media Corporation Profile

Formula One Group, through its subsidiaries, engages in the media and entertainment businesses in North America. Formula One Group was formerly known as The Liberty Media Group. The company is based in Englewood, Colorado. Formula One Group is a former subsidiary of Liberty Media Corporation.

Institutional Ownership by Quarter for Liberty Media Corporation (NASDAQ:FWONA)

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