Liberty Media Corporation (FWONK) Receives New Coverage from Analysts at J P Morgan Chase & Co
J P Morgan Chase & Co initiated coverage on shares of Liberty Media Corporation (NASDAQ:FWONK) in a research report sent to investors on Tuesday. The brokerage issued a neutral rating and a $38.00 price objective on the stock.
Other research analysts have also recently issued research reports about the stock. Bank of America Corporation initiated coverage on shares of Liberty Media Corporation in a report on Thursday, September 28th. They issued a buy rating on the stock. Zacks Investment Research raised shares of Liberty Media Corporation from a sell rating to a hold rating in a research note on Tuesday, August 1st. Four analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus price target of $34.25.
Liberty Media Corporation (FWONK) traded up 1.61% during trading on Tuesday, reaching $39.71. 1,105,979 shares of the company traded hands. Liberty Media Corporation has a 12-month low of $26.44 and a 12-month high of $39.80. The firm’s 50 day moving average price is $37.72 and its 200 day moving average price is $35.18. The firm’s market capitalization is $7.42 billion.
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Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Howard Hughes Medical Institute purchased a new position in Liberty Media Corporation during the 2nd quarter valued at about $1,145,000. Coatue Management LLC bought a new position in Liberty Media Corporation during the 2nd quarter valued at approximately $219,720,000. Artemis Investment Management LLP bought a new position in Liberty Media Corporation during the 2nd quarter valued at approximately $25,578,000. American Century Companies Inc. bought a new position in Liberty Media Corporation during the 2nd quarter valued at approximately $31,715,000. Finally, Seizert Capital Partners LLC bought a new position in Liberty Media Corporation during the 2nd quarter valued at approximately $114,890,000. 78.23% of the stock is currently owned by institutional investors.
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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