OxFORD Asset Management LLP lowered its holdings in Liberty Media Corporation (NASDAQ:LSXMA) by 38.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,634 shares of the technology company’s stock after selling 24,468 shares during the period. OxFORD Asset Management LLP’s holdings in Liberty Media were worth $1,604,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also added to or reduced their stakes in the stock. Daiwa Securities Group Inc. grew its position in shares of Liberty Media by 28.3% in the 2nd quarter. Daiwa Securities Group Inc. now owns 2,950 shares of the technology company’s stock valued at $124,000 after acquiring an additional 650 shares during the period. US Bancorp DE grew its position in shares of Liberty Media by 25.5% in the 2nd quarter. US Bancorp DE now owns 3,539 shares of the technology company’s stock valued at $149,000 after acquiring an additional 718 shares during the period. Toronto Dominion Bank grew its position in shares of Liberty Media by 243.9% in the 3rd quarter. Toronto Dominion Bank now owns 3,896 shares of the technology company’s stock valued at $163,000 after acquiring an additional 2,763 shares during the period. C M Bidwell & Associates Ltd. bought a new position in shares of Liberty Media in the 2nd quarter valued at about $195,000. Finally, BB&T Securities LLC bought a new position in shares of Liberty Media in the 2nd quarter valued at about $207,000. 25.12% of the stock is owned by institutional investors and hedge funds.
In other news, Director Malcolm Ian Grant Gilchrist sold 1,826 shares of the firm’s stock in a transaction dated Monday, September 25th. The shares were sold at an average price of $36.52, for a total transaction of $66,685.52. Following the completion of the sale, the director now owns 823 shares in the company, valued at approximately $30,055.96. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman John C. Malone sold 18,000 shares of Liberty Media stock in a transaction dated Monday, October 16th. The stock was sold at an average price of $43.28, for a total transaction of $779,040.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 190,826 shares of company stock valued at $7,309,976.
A number of research analysts have recently commented on LSXMA shares. Bank of America lifted their price objective on shares of Liberty Media from $46.00 to $54.00 and gave the company a “buy” rating in a research report on Thursday, October 12th. Pivotal Research lifted their price objective on shares of Liberty Media from $54.00 to $58.00 and gave the company a “buy” rating in a research report on Wednesday, October 25th. Finally, B. Riley reissued a “buy” rating on shares of Liberty Media in a research report on Wednesday, November 1st. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $50.80.
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Liberty Media 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).
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