Public Employees Retirement Association of Colorado acquired a new stake in Liberty Media Corporation (NASDAQ:FWONK) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 15,450 shares of the company’s stock, valued at approximately $588,000.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Howard Hughes Medical Institute acquired a new position in Liberty Media Corporation during the second quarter worth $1,145,000. Teachers Advisors LLC acquired a new position in Liberty Media Corporation during the second quarter worth $4,539,000. Coatue Management LLC acquired a new position in Liberty Media Corporation during the second quarter worth $219,720,000. BlackRock Inc. acquired a new position in Liberty Media Corporation during the second quarter worth $183,521,000. Finally, Artemis Investment Management LLP acquired a new position in Liberty Media Corporation during the second quarter worth $25,578,000. Hedge funds and other institutional investors own 79.74% of the company’s stock.
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Shares of Liberty Media Corporation (NASDAQ:FWONK) opened at $36.78 on Tuesday. Liberty Media Corporation has a 52 week low of $27.55 and a 52 week high of $41.14.
Several brokerages have recently issued reports 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 note on Monday, October 16th. Bank of America Corporation began coverage on Liberty Media Corporation in a research note on Thursday, September 28th. They issued a “buy” rating and a $45.00 price objective on the stock. Barclays PLC increased their price objective on Liberty Media Corporation from $33.00 to $35.00 and gave the company an “equal weight” rating in a research note on Friday. Morgan Stanley increased their price objective on Liberty Media Corporation from $37.00 to $39.00 and gave the company an “equal weight” rating in a research note on Friday, October 20th. Finally, J P Morgan Chase & Co began coverage on Liberty Media Corporation in a research note on Tuesday, October 3rd. They issued a “neutral” rating and a $38.00 price objective on the stock. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $40.40.
Liberty Media Corporation Profile
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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