Eastbay Asset Management Lowers stake in Liberty Media Corp (LMCA)

Liberty Media Corp (LMCA) : Eastbay Asset Management reduced its stake in Liberty Media Corp by 34.81% during the most recent quarter end. The investment management company now holds a total of 519,796 shares of Liberty Media Corp which is valued at $15,718,631 after selling 277,534 shares in Liberty Media Corp , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.Liberty Media Corp makes up approximately 3.01% of Eastbay Asset Management’s portfolio.

Other Hedge Funds, Including , Arrowgrass Capital Partners (us) Lp sold out all of its stake in LMCA during the most recent quarter. The investment firm sold 96,146 shares of LMCA which is valued $2,907,455.Howard Hughes Medical Institute boosted its stake in LMCA in the latest quarter, The investment management firm added 2,751 additional shares and now holds a total of 3,942 shares of Liberty Media Corp which is valued at $111,480. Liberty Media Corp makes up approx 0.03% of Howard Hughes Medical Institute’s portfolio. Seizert Capital Partners sold out all of its stake in LMCA during the most recent quarter. The investment firm sold 11,811 shares of LMCA which is valued $337,322.Delta Asset Managementtn reduced its stake in LMCA by selling 11 shares or 4.76% in the most recent quarter. The Hedge Fund company now holds 220 shares of LMCA which is valued at $6,171.

Liberty Media Corp opened for trading at $32.91 and hit $33.28 on the upside on Monday, eventually ending the session at $33.01, with a gain of 0.76% or 0.25 points. The heightened volatility saw the trading volume jump to 4,62,426 shares. Company has a market cap of $2,765 M.

Many Wall Street Analysts have commented on Liberty Media Corp. Company shares were Reiterated by Pivotal Research Group on Nov 16, 2016 to “Buy”, Firm has raised the Price Target to $ 55 from a previous price target of $35 .Company shares were Downgraded by Wunderlich on Sep 26, 2016 to ” Hold”, Firm has raised the Price Target to $ 31 from a previous price target of $25.50 .Company shares were Upgraded by Citigroup on Sep 13, 2016 to ” Buy”, Firm has raised the Price Target to $ 32 from a previous price target of $22 .

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. Atlanta National League Baseball Club Inc. (ANLBC) owns and operates the Atlanta Braves Major League Baseball (MLB) franchise and five league baseball clubs. Live Nation Entertainment Inc. (Live Nation) has four business segments: Concerts Ticketing Artist Nation and Sponsorship & Advertising.

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