Liberty Media Corp. (NASDAQ: LSXMK) is -0.63% lower on its value in year-to-date trading and has touched a low of $19.37 and a high of $31.67 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The LSXMK stock was last observed hovering at around $29.50 in the last trading session, with the day’s loss setting it -0.9%.
Currently trading at $28.60, the stock is -3.26% and -5.06% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.34 million and changing -3.05% at the moment leaves the stock 8.40% off its SMA200. LSXMK registered 38.33% gain for a year compared to 6-month gain of 24.62%. The firm has a 50-day simple moving average (SMA 50) of $2.26 and a 200-day simple moving average (SMA200) of $8.31.
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The stock witnessed a -4.25% loss in the last 1 month and extending the period to 3 months gives it a 3.10%, and is -4.98% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.80% over the week and 2.35% over the month.
Current P/E ratio is 15.02 and Fwd P/E is 11.80. Profit margin for the company is 10.15%. Distance from 52-week low is 47.62% and -9.68% from its 52-week high. The company has generated returns on investments over the last 12 months (4.37%).
Liberty Media Corp. quarterly earnings per share for the current quarter are estimated at $0.67 with sales reaching $2.13B over the same period.The EPS is expected to shrink by -4.73% this year, but quarterly earnings will post -2.00% year-over-year. Quarterly sales are estimated to shrink -0.70% in year-over-year returns.
538 institutions hold shares in Liberty Media Corp. (LSXMK), with institutional investors hold 100.74% of the company’s shares. The shares outstanding are 218.62M, and float is at 195.92M with Short Float at 2.41%. Institutions hold 66.46% of the Float.
The top institutional shareholder in the company is Berkshire Hathaway, Inc with over 43.21 million shares valued at $1.41 billion. The investor’s holdings represent 19.76% of the LSXMK Shares outstanding. As of Jun 29, 2023, the second largest holder is Baupost Group, Inc,.(The) LLC with 14.85 million shares valued at $486.07 million to account for 6.79% of the shares outstanding. The other top investors are Vanguard Group Inc which holds 14.74 million shares representing 6.74% and valued at over $482.5 million, while JP Morgan Chase & Company holds 4.94% of the shares totaling 10.79 million with a market value of $353.29 million.
Liberty Media Corp. (LSXMK) Insider Activity
The most recent transaction is an insider purchase by BERKSHIRE HATHAWAY INC, the company’s 10% Owner. SEC filings show that BERKSHIRE HATHAWAY INC bought 4,721,682 shares of the company’s common stock on Mar 12 ’24 at a price of $29.82 per share for a total of $140.82 million. Following the purchase, the insider now owns 56.61 million shares.
Liberty Media Corp. disclosed in a document filed with the SEC on Mar 12 ’24 that BERKSHIRE HATHAWAY INC (10% Owner) bought a total of 3,177,669 shares of the company’s common stock. The trade occurred on Mar 12 ’24 and was made at $29.96 per share for $95.2 million. Following the transaction, the insider now directly holds 28.95 million shares of the LSXMK stock.
Still, SEC filings show that on Mar 11 ’24, BERKSHIRE HATHAWAY INC (10% Owner) acquired 186,636 shares at an average price of $29.83 for $5.57 million. The insider now directly holds 51,888,595 shares of Liberty Media Corp. (LSXMK).
