Liberty Media Corporation (FWONK) Holdings Decreased by Markston International LLC
Markston International LLC cut its position in shares of Liberty Media Corporation (NASDAQ:FWONK) by 11.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 135,376 shares of the company’s stock after selling 18,309 shares during the quarter. Markston International LLC owned approximately 0.06% of Liberty Media Corporation worth $5,157,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Vantage Investment Advisors LLC bought a new position in Liberty Media Corporation during the 2nd quarter worth approximately $113,000. Massey Quick Simon & CO. LLC bought a new position in Liberty Media Corporation during the 3rd quarter worth approximately $161,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in Liberty Media Corporation during the 2nd quarter worth approximately $173,000. SG Americas Securities LLC bought a new position in Liberty Media Corporation during the 2nd quarter worth approximately $183,000. Finally, D.A. Davidson & CO. bought a new position in Liberty Media Corporation during the 2nd quarter worth approximately $188,000. Hedge funds and other institutional investors own 79.74% of the company’s stock.
Shares of Liberty Media Corporation (NASDAQ:FWONK) traded down $0.66 during trading hours on Wednesday, reaching $36.12. The company’s stock had a trading volume of 3,202,300 shares, compared to its average volume of 1,253,385. Liberty Media Corporation has a 1-year low of $27.55 and a 1-year high of $41.14.
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A number of brokerages have recently weighed in on FWONK. Zacks Investment Research upgraded Liberty Media Corporation from a “hold” rating to a “buy” rating and set a $44.00 price objective on the stock in a research report on Monday, October 16th. Bank of America Corporation began coverage on Liberty Media Corporation in a research report on Thursday, September 28th. They issued a “buy” rating and a $45.00 price objective on the stock. lifted their price objective on Liberty Media Corporation from $50.00 to $55.00 and gave the stock a “buy” rating in a research report on Wednesday. Pivotal Research raised their target price on Liberty Media Corporation from $50.00 to $55.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Barclays PLC raised their target price on Liberty Media Corporation from $33.00 to $35.00 and gave the company an “equal weight” rating in a research note on Friday, November 10th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Liberty Media Corporation currently has a consensus rating of “Buy” and an average price target of $44.57.
About Liberty Media Corporation
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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