Shares of Liberty Media were the target of a significant increase in short interest during the month of June. As of 6/13, there was short interest totaling 1,882,386 shares, an increase of 57.2% from the 5/30 total of 1,197,354 shares, StockRatingsNetwork.com reports. Currently, 2.0% of the shares of the company are short sold. Based on an average daily trading volume, of 882,174 shares, the short-interest ratio is currently 2.1 days.
In other Liberty Media Corp news, major shareholder John C. Malone sold 74,890 shares of the company’s stock in a transaction dated 6/24. The stock was sold at an average price of $133.53, for a total transaction of $10,000,061.70. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC, reports The Mideast Times.
A number of research firms have recently commented on LMCA. Analysts at Zacks reiterated a “neutral” rating on shares of Liberty Media Corp in a research note on Thursday, June 26th. They now have a $140.00 price target on the stock. Separately, analysts at Wunderlich cut their price target on shares of Liberty Media Corp from $170.00 to $165.00 in a research note on 5/29. They now have a “buy” rating on the stock. Finally, analysts at Maxim Group cut their price target on shares of Liberty Media Corp from $220.00 to $191.00 in a research note on 5/22. They now have a “buy” rating on the stock. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $159.02.
Shares of Liberty opened at 136.14 on 7/2. Liberty has a 1-year low of $122.56 and a 1-year high of $159.33. The stock has a 50-day moving average of $130.1 and a 200-day moving average of $132.9. The company has a market cap of $15.564 billion and a price-to-earnings ratio of 21.78.
Liberty Media last announced its earnings results on 5/8. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.82 by $0.63. On average, analysts predict that Liberty Media Corp will post $2.88 earnings per share for the current fiscal year.
See The Mideast Times story here.
