Liberty Media Corporation (NASDAQ:LSXMA) – Investment analysts at B. Riley increased their FY2017 earnings per share (EPS) estimates for Liberty Media Corporation in a note issued to investors on Tuesday. B. Riley analyst B. Crockett now expects that the technology company will post earnings per share of $1.72 for the year, up from their prior estimate of $1.55. B. Riley currently has a “Buy” rating on the stock. B. Riley also issued estimates for Liberty Media Corporation’s Q4 2017 earnings at $0.45 EPS, FY2018 earnings at $2.13 EPS and FY2020 earnings at $2.76 EPS.

Other research analysts have also recently issued research reports about the company. Pivotal Research upped their price target on Liberty Media Corporation from $51.00 to $54.00 and gave the company a “buy” rating in a research report on Tuesday, August 15th. Citigroup Inc. upped their price target on Liberty Media Corporation from $40.00 to $47.00 and gave the company a “neutral” rating in a research report on Monday, August 7th. Finally, Bank of America Corporation upped their price target on Liberty Media Corporation from $46.00 to $54.00 and gave the company a “buy” rating in a research report on Thursday, October 12th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $50.80.

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Liberty Media Corporation (LSXMA) opened at $41.22 on Friday. Liberty Media Corporation has a 1 year low of $33.79 and a 1 year high of $46.43. The company has a market capitalization of $23,180.00 and a price-to-earnings ratio of 24.99.

In related news, Chairman John C. Malone sold 306,842 shares of the business’s stock in a transaction on Tuesday, August 22nd. The stock was sold at an average price of $42.88, for a total transaction of $13,157,384.96. Following the sale, the chairman now directly owns 15,080,919 shares in the company, valued at approximately $646,669,806.72. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Mark D. Carleton sold 19,843 shares of the business’s stock in a transaction on Friday, September 15th. The shares were sold at an average price of $40.91, for a total value of $811,777.13. Following the sale, the chief financial officer now owns 10,000 shares in the company, valued at $409,100. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 850,283 shares of company stock worth $34,642,831.

A number of hedge funds and other institutional investors have recently made changes to their positions in LSXMA. Daiwa Securities Group Inc. increased its stake in Liberty Media Corporation by 28.3% in the 2nd quarter. Daiwa Securities Group Inc. now owns 2,950 shares of the technology company’s stock worth $124,000 after acquiring an additional 650 shares during the last quarter. US Bancorp DE increased its stake in Liberty Media Corporation by 25.5% in the 2nd quarter. US Bancorp DE now owns 3,539 shares of the technology company’s stock worth $149,000 after acquiring an additional 718 shares during the last quarter. Toronto Dominion Bank increased its stake in Liberty Media Corporation by 243.9% in the 3rd quarter. Toronto Dominion Bank now owns 3,896 shares of the technology company’s stock worth $163,000 after acquiring an additional 2,763 shares during the last quarter. C M Bidwell & Associates Ltd. bought a new position in Liberty Media Corporation in the 2nd quarter worth about $195,000. Finally, BB&T Securities LLC bought a new position in Liberty Media Corporation in the 2nd quarter worth about $207,000. Institutional investors and hedge funds own 24.53% of the company’s stock.

About Liberty Media Corporation

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).

Earnings History and Estimates for Liberty Media Corporation (NASDAQ:LSXMA)

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