Liberty Media (NASDAQ:LSXMA) was downgraded by equities research analysts at ValuEngine from a “strong-buy” rating to a “buy” rating in a research report issued on Wednesday.
A number of other research firms also recently commented on LSXMA. Zacks Investment Research upgraded Liberty Media from a “hold” rating to a “buy” rating and set a $46.00 target price on the stock in a research report on Wednesday, February 14th. Barclays set a $50.00 target price on Liberty Media and gave the company a “buy” rating in a research report on Monday. B. Riley restated a “buy” rating and issued a $56.00 target price on shares of Liberty Media in a research report on Friday, January 26th. Finally, Buckingham Research started coverage on Liberty Media in a research report on Friday, January 19th. They issued a “buy” rating and a $54.00 target price on the stock. One analyst has rated the stock with a hold rating and eleven have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $54.40.
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Liberty Media stock traded up $0.47 during trading on Wednesday, reaching $42.25. 569,458 shares of the company were exchanged, compared to its average volume of 512,629. Liberty Media has a 52-week low of $36.33 and a 52-week high of $46.43. The company has a market cap of $13,809.04, a price-to-earnings ratio of 12.41, a PEG ratio of 0.80 and a beta of 1.93.
Liberty Media (NASDAQ:LSXMA) last announced its quarterly earnings data on Thursday, March 1st. The technology company reported $2.04 EPS for the quarter, topping the Zacks’ consensus estimate of $0.50 by $1.54. The company had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.40 billion. equities analysts predict that Liberty Media will post 2.1 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Schwab Charles Investment Management Inc. grew its stake in Liberty Media by 5.0% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 172,658 shares of the technology company’s stock worth $7,235,000 after purchasing an additional 8,199 shares in the last quarter. State of Alaska Department of Revenue acquired a new position in Liberty Media during the 4th quarter worth $208,000. First Manhattan Co. grew its stake in Liberty Media by 24.4% during the 4th quarter. First Manhattan Co. now owns 444,473 shares of the technology company’s stock worth $17,627,000 after purchasing an additional 87,100 shares in the last quarter. First Quadrant L P CA grew its stake in Liberty Media by 141.4% during the 4th quarter. First Quadrant L P CA now owns 551,918 shares of the technology company’s stock worth $21,889,000 after purchasing an additional 323,264 shares in the last quarter. Finally, Opera Trading Capital grew its stake in Liberty Media by 98.1% during the 4th quarter. Opera Trading Capital now owns 71,257 shares of the technology company’s stock worth $2,826,000 after purchasing an additional 35,291 shares in the last quarter. 26.45% of the stock is owned by institutional investors and hedge funds.
About Liberty Media
The Liberty SiriusXM Group, through its subsidiary Sirius XM Holdings Inc, transmits music, sports, entertainment, comedy, talk, news, traffic, and weather channels in the United States and Canada. The company also provides infotainment services; and Sirius XM on Demand over its Internet radio service through applications for mobile and home devices, and other consumer electronic equipment.
To view ValuEngine’s full report, visit ValuEngine’s official website.