Liberty Media Corporation (LSXMK) Position Lowered by BlackRock Inc.

BlackRock Inc. decreased its stake in Liberty Media Corporation (NASDAQ:LSXMK) by 4.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,066,088 shares of the technology company’s stock after selling 610,818 shares during the period. BlackRock Inc. owned approximately 3.59% of Liberty Media Corporation worth $503,155,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Jana Partners LLC purchased a new position in Liberty Media Corporation during the 1st quarter valued at about $68,165,000. Kensico Capital Management Corp increased its holdings in Liberty Media Corporation by 7.4% during the 1st quarter. Kensico Capital Management Corp now owns 8,780,000 shares of the technology company’s stock valued at $340,488,000 after acquiring an additional 605,000 shares in the last quarter. Vanguard Group Inc. increased its holdings in Liberty Media Corporation by 4.2% during the 1st quarter. Vanguard Group Inc. now owns 14,407,400 shares of the technology company’s stock valued at $558,720,000 after acquiring an additional 582,991 shares in the last quarter. Canada Pension Plan Investment Board increased its holdings in Liberty Media Corporation by 305.9% during the 2nd quarter. Canada Pension Plan Investment Board now owns 588,608 shares of the technology company’s stock valued at $24,545,000 after acquiring an additional 443,600 shares in the last quarter. Finally, State of Wisconsin Investment Board increased its holdings in Liberty Media Corporation by 75.9% during the 2nd quarter. State of Wisconsin Investment Board now owns 922,900 shares of the technology company’s stock valued at $38,485,000 after acquiring an additional 398,146 shares in the last quarter. Hedge funds and other institutional investors own 77.03% of the company’s stock.

Several equities analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Liberty Media Corporation from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 2nd. TheStreet upgraded shares of Liberty Media Corporation from a “d” rating to a “c” rating in a report on Friday, July 7th.

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Liberty Media Corporation (LSXMK) opened at 42.61 on Monday. Liberty Media Corporation has a 12-month low of $31.34 and a 12-month high of $43.00. The firm’s 50-day moving average is $42.16 and its 200 day moving average is $42.16. The stock has a market capitalization of $14.32 billion, a P/E ratio of 30.97 and a beta of 2.60.

Liberty Media Corporation 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:LSXMK)

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