Swiss National Bank purchased a new position in shares of Liberty Media Corporation (NASDAQ:FWONK) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 155,453 shares of the company’s stock, valued at approximately $5,693,000. Swiss National Bank owned about 0.08% of Liberty Media Corporation as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently modified their holdings of FWONK. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in Liberty Media Corporation during the second quarter worth approximately $173,000. SG Americas Securities LLC purchased a new stake in Liberty Media Corporation during the second quarter worth approximately $183,000. Neuberger Berman Group LLC purchased a new stake in Liberty Media Corporation during the second quarter worth approximately $206,000. Teacher Retirement System of Texas purchased a new stake in Liberty Media Corporation during the second quarter worth approximately $272,000. Finally, Keybank National Association OH purchased a new stake in Liberty Media Corporation during the second quarter worth approximately $310,000. 90.03% of the stock is owned by hedge funds and other institutional investors.
Several research firms have issued reports on FWONK. Zacks Investment Research upgraded shares of Liberty Media Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st. Morgan Stanley reiterated an “equal weight” rating and set a $35.00 price objective (up from $29.00) on shares of Liberty Media Corporation in a research note on Thursday, June 1st. Finally, Barclays PLC began coverage on shares of Liberty Media Corporation in a research note on Tuesday, May 23rd. They set an “equal weight” rating and a $33.00 price objective for the company.
Shares of Liberty Media Corporation (NASDAQ:FWONK) opened at 38.30 on Wednesday. Liberty Media Corporation has a 1-year low of $26.44 and a 1-year high of $39.68. The firm’s 50-day moving average is $36.85 and its 200 day moving average is $34.93. The stock’s market capitalization is $8.24 billion.
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Liberty Media Corporation Company Profile
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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