Zacks: Analysts Anticipate Liberty Media Corporation (LSXMA) to Post $0.45 EPS
Analysts expect Liberty Media Corporation (NASDAQ:LSXMA) to post earnings per share (EPS) of $0.45 for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Liberty Media’s earnings. Liberty Media posted earnings of $0.35 per share during the same quarter last year, which suggests a positive year over year growth rate of 28.6%. The business is expected to issue its next earnings report on Tuesday, February 27th.
On average, analysts expect that Liberty Media will report full year earnings of $1.72 per share for the current financial year. For the next fiscal year, analysts forecast that the firm will post earnings of $2.13 per share. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research analysts that follow Liberty Media.
A number of equities analysts recently issued reports on LSXMA shares. Bank of America boosted their price objective on Liberty Media from $46.00 to $54.00 and gave the company a “buy” rating in a report on Thursday, October 12th. Pivotal Research boosted their price objective on Liberty Media from $54.00 to $58.00 and gave the company a “buy” rating in a report on Wednesday, October 25th. Finally, B. Riley restated a “buy” rating on shares of Liberty Media in a report on Wednesday, November 1st. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $50.80.
In related news, Chairman John C. Malone sold 153,000 shares of the company’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $37.31, for a total transaction of $5,708,430.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Malcolm Ian Grant Gilchrist sold 1,826 shares of the company’s stock in a transaction dated Monday, September 25th. The shares were 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 in the company, valued at $30,055.96. The disclosure for this sale can be found here. Insiders have sold a total of 210,669 shares of company stock valued at $8,121,753 over the last 90 days.
Several hedge funds have recently made changes to their positions in the company. Berkshire Hathaway Inc. increased its holdings in shares of Liberty Media by 45.0% in the second quarter. Berkshire Hathaway Inc. now owns 14,860,360 shares of the technology company’s stock valued at $623,838,000 after purchasing an additional 4,612,560 shares during the period. Vanguard Group Inc. increased its holdings in shares of Liberty Media by 0.8% in the second quarter. Vanguard Group Inc. now owns 9,003,872 shares of the technology company’s stock valued at $377,983,000 after purchasing an additional 69,846 shares during the period. Point72 Asset Management L.P. increased its holdings in shares of Liberty Media by 115.6% in the third quarter. Point72 Asset Management L.P. now owns 1,920,600 shares of the technology company’s stock valued at $80,473,000 after purchasing an additional 1,029,720 shares during the period. Gruss Capital Management LP increased its holdings in shares of Liberty Media by 18.9% in the third quarter. Gruss Capital Management LP now owns 1,163,500 shares of the technology company’s stock valued at $48,751,000 after purchasing an additional 185,000 shares during the period. Finally, Numeric Investors LLC increased its holdings in shares of Liberty Media by 4,638.8% in the second quarter. Numeric Investors LLC now owns 781,895 shares of the technology company’s stock valued at $32,824,000 after purchasing an additional 765,395 shares during the period. 25.12% of the stock is currently owned by institutional investors and hedge funds.
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About Liberty Media
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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