Liberty Media Corp(NASDAQ:LMCA) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Aug 5, 2016. Earnings per share were $0.04. Analysts had estimated an EPS of $-0.32.
In a different note, On Jun 8, 2016, Deutsche Bank said it Downgrades its rating on Liberty Media Corp. In the research note, the firm Lowers the price-target to $44.00 per share. The shares have been rated ‘Hold’ by the firm. On May 31, 2016, Wunderlich said it Maintains its rating on Liberty Media Corp. In the research note, the firm Lowers the price-target to $49.00 per share. The shares have been rated ‘Buy’ by the firm. Citigroup said it Initiates Coverage on Liberty Media Corp, according to a research note issued on May 13, 2016. The shares have been rated ‘Neutral’ by the firm.
Liberty Media Corp (LMCA) made into the market gainers list on Wednesdays trading session with the shares advancing 0.23% or 0.05 points. Due to strong positive momentum, the stock ended at $21.91, which is also near the day’s high of $21.99. The stock began the session at $21.93 and the volume stood at 2,98,621 shares. The 52-week high of the shares is $29.649126 and the 52 week low is $17.72. The company has a current market capitalization of $10,257 M and it has 46,81,33,120 shares in outstanding.
Several Insider Transactions has been reported to the SEC. On Jun 7, 2016, John C Malone (director officer 10% owner (Chairman of the Board) sold 188,800 shares at $38.48 per share price.Also, On Mar 23, 2016, Christopher W Shean (Chief Financial Officer) sold 10,613 shares at $37.34 per share price.On Mar 7, 2016, Richard N Baer (Chief Legal Officer) sold 69,578 shares at $37.12 per share price, according to the Form-4 filing with the securities and exchange commission.
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.