Liberty Media Corporation (NASDAQ:BATRK) had its price objective upped by Morgan Stanley from $22.00 to $25.00 in a research report sent to investors on Thursday. The brokerage currently has an underweight rating on the financial services provider’s stock.
Separately, Zacks Investment Research upgraded shares of Liberty Media Corporation from a hold rating to a buy rating and set a $27.00 price target on the stock in a research note on Wednesday, July 5th.
Liberty Media Corporation (NASDAQ:BATRK) opened at 26.05 on Thursday. The company’s market cap is $1.29 billion. Liberty Media Corporation has a 1-year low of $16.18 and a 1-year high of $26.15. The company has a 50-day moving average price of $24.70 and a 200-day moving average price of $23.95.
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Hedge funds have recently made changes to their positions in the business. Bislett Management LLC lifted its stake in Liberty Media Corporation by 42.9% in the 1st quarter. Bislett Management LLC now owns 100,000 shares of the financial services provider’s stock worth $2,365,000 after purchasing an additional 30,000 shares in the last quarter. American International Group Inc. lifted its stake in Liberty Media Corporation by 7.1% in the 1st quarter. American International Group Inc. now owns 19,375 shares of the financial services provider’s stock worth $458,000 after purchasing an additional 1,278 shares in the last quarter. State Street Corp lifted its stake in Liberty Media Corporation by 0.3% in the 1st quarter. State Street Corp now owns 604,413 shares of the financial services provider’s stock worth $14,293,000 after purchasing an additional 1,574 shares in the last quarter. MARSHALL WACE ASIA Ltd purchased a new stake in Liberty Media Corporation in the 1st quarter worth $258,000. Finally, Citadel Advisors LLC purchased a new stake in Liberty Media Corporation in the 1st quarter worth $419,000. Institutional investors and hedge funds own 70.10% of the company’s stock.
About Liberty Media Corporation
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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