Markston International LLC reduced its stake in shares of Liberty Media Corporation (NASDAQ:LSXMA) by 6.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 214,073 shares of the technology company’s stock after selling 13,786 shares during the quarter. Markston International LLC owned 0.06% of Liberty Media Corporation worth $8,969,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the stock. Berkshire Hathaway Inc. increased its holdings in Liberty Media Corporation by 45.0% in the 2nd quarter. Berkshire Hathaway Inc. now owns 14,860,360 shares of the technology company’s stock valued at $623,838,000 after buying an additional 4,612,560 shares during the period. Vanguard Group Inc. increased its holdings in Liberty Media Corporation by 0.8% in the 2nd quarter. Vanguard Group Inc. now owns 9,003,872 shares of the technology company’s stock valued at $377,983,000 after buying an additional 69,846 shares during the period. Gruss Capital Management LP bought a new stake in shares of Liberty Media Corporation in the 2nd quarter worth about $41,077,000. Numeric Investors LLC grew its holdings in shares of Liberty Media Corporation by 4,638.8% in the 2nd quarter. Numeric Investors LLC now owns 781,895 shares of the technology company’s stock worth $32,824,000 after purchasing an additional 765,395 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Liberty Media Corporation by 0.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 653,280 shares of the technology company’s stock worth $27,422,000 after purchasing an additional 2,899 shares during the last quarter. Hedge funds and other institutional investors own 24.53% of the company’s stock.

Several equities research analysts have recently weighed in on LSXMA shares. Citigroup Inc. upped their target price on shares of Liberty Media Corporation from $40.00 to $47.00 and gave the stock a “neutral” rating in a report on Monday, August 7th. Bank of America Corporation increased their price objective on shares of Liberty Media Corporation from $46.00 to $54.00 and gave the stock a “buy” rating in a report on Thursday, October 12th. Pivotal Research increased their price objective on shares of Liberty Media Corporation from $54.00 to $58.00 and gave the stock a “buy” rating in a report on Wednesday, October 25th. Finally, B. Riley reissued a “buy” rating on shares of Liberty Media Corporation in a report on Wednesday, November 1st. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $50.80.

In other news, Chairman John C. Malone sold 204,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $38.22, for a total transaction of $7,796,880.00. Following the completion of the transaction, the chairman now directly owns 2,771,574 shares of the company’s stock, valued at approximately $105,929,558.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman John C. Malone sold 306,842 shares of the firm’s stock in a transaction that occurred 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 transaction, the chairman now directly owns 15,080,919 shares of the company’s stock, valued at $646,669,806.72. The disclosure for this sale can be found here. Insiders sold a total of 999,487 shares of company stock worth $40,949,684 over the last quarter.

Liberty Media Corporation (NASDAQ:LSXMA) traded down $1.35 during trading on Wednesday, reaching $40.48. 883,200 shares of the company’s stock were exchanged, compared to its average volume of 497,103. Liberty Media Corporation has a 52 week low of $33.79 and a 52 week high of $46.43. The firm has a market cap of $14,055.30, a P/E ratio of 25.82, a PEG ratio of 1.10 and a beta of 2.46.

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Liberty Media Corporation Company Profile

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).

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

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