Liberty Media Corp. (NASDAQ: LSXMK) is 0.35% higher on its value in year-to-date trading and has touched a low of $19.58 and a high of $31.67 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The LSXMK stock was last observed hovering at around $28.81 in the last trading session, with the day’s gains setting it 0.07%.
Currently trading at $28.88, the stock is -1.60% and -3.75% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 16.96 million and changing 0.24% at the moment leaves the stock 8.94% off its SMA200. LSXMK registered 44.83% gain for a year compared to 6-month gain of 26.11%. The firm has a 50-day simple moving average (SMA 50) of $2.26 and a 200-day simple moving average (SMA200) of $8.34.
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The stock witnessed a -3.80% loss in the last 1 month and extending the period to 3 months gives it a 0.31%, and is -2.10% 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 1.84% over the week and 2.28% over the month.
Current P/E ratio is 15.17 and Fwd P/E is 12.06. Profit margin for the company is 10.15%. Distance from 52-week low is 47.53% and -8.80% 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 -9.75% 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.
Liberty Media Corp. (LSXMK) Top Institutional Holders
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’s10% Owner. SEC filings show that BERKSHIRE HATHAWAY INC bought 199,664 shares of the company’s common stock on Mar 25 ’24 at a price of $28.82 per share for a total of $5.76 million. Following the purchase, the insider now owns 57.89 million shares.
Liberty Media Corp. disclosed in a document filed with the SEC on Mar 25 ’24 that BERKSHIRE HATHAWAY INC (10% Owner) bought a total of 147,495 shares of the company’s common stock. The trade occurred on Mar 25 ’24 and was made at $28.83 per share for $4.25 million. Following the transaction, the insider now directly holds 30.23 million shares of the LSXMK stock.
Still, SEC filings show that on Mar 22 ’24, BERKSHIRE HATHAWAY INC (10% Owner) acquired 749,000 shares at an average price of $28.74 for $21.53 million. The insider now directly holds 30,086,698 shares of Liberty Media Corp. (LSXMK).
