Liberty Media Corporation (NASDAQ:BATRK) has received an average broker rating score of 4.30 (Sell) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong sell rating.
Analysts have set a one year consensus price target of $25.00 for the company and are anticipating that the company will post $0.09 EPS for the current quarter, according to Zacks. Zacks has also assigned Liberty Media an industry rank of 38 out of 265 based on the ratings given to related companies.
A number of equities research analysts recently commented on the company. Zacks Investment Research raised Liberty Media from a “sell” rating to a “hold” rating in a report on Tuesday, November 14th. TheStreet downgraded Liberty Media from a “c-” rating to a “d” rating in a report on Thursday, November 2nd. Finally, Morgan Stanley lifted their target price on Liberty Media from $22.00 to $25.00 and gave the stock an “underweight” rating in a report on Thursday, September 21st.
Several institutional investors have recently added to or reduced their stakes in BATRK. Gamco Investors INC. ET AL lifted its holdings in Liberty Media by 68.7% in the second quarter. Gamco Investors INC. ET AL now owns 1,422,242 shares of the financial services provider’s stock valued at $34,091,000 after acquiring an additional 579,042 shares during the period. Gilder Gagnon Howe & Co. LLC lifted its holdings in Liberty Media by 189.7% in the third quarter. Gilder Gagnon Howe & Co. LLC now owns 777,343 shares of the financial services provider’s stock valued at $19,643,000 after acquiring an additional 509,024 shares during the period. EastBay Asset Management LLC lifted its holdings in Liberty Media by 12.7% in the second quarter. EastBay Asset Management LLC now owns 1,590,044 shares of the financial services provider’s stock valued at $38,114,000 after acquiring an additional 179,345 shares during the period. Vanguard Group Inc. lifted its holdings in Liberty Media by 9.7% in the second quarter. Vanguard Group Inc. now owns 1,495,402 shares of the financial services provider’s stock valued at $35,845,000 after acquiring an additional 132,529 shares during the period. Finally, Renaissance Technologies LLC acquired a new position in Liberty Media in the first quarter valued at approximately $2,481,000. 71.50% of the stock is owned by hedge funds and other institutional investors.
Shares of Liberty Media (NASDAQ BATRK) traded down $0.08 during mid-day trading on Thursday, hitting $22.68. The stock had a trading volume of 33,290 shares, compared to its average volume of 190,525. Liberty Media has a 1-year low of $18.57 and a 1-year high of $26.20.
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About Liberty Media
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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