California Public Employees Retirement System Sells 2,400 Shares of Liberty Media Corporation (BATRK)

California Public Employees Retirement System reduced its position in Liberty Media Corporation (NASDAQ:BATRK) by 4.2% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 54,364 shares of the financial services provider’s stock after selling 2,400 shares during the period. California Public Employees Retirement System owned about 0.11% of Liberty Media Corporation worth $1,286,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of BATRK. First Manhattan Co. boosted its position in Liberty Media Corporation by 1.1% in the first quarter. First Manhattan Co. now owns 119,475 shares of the financial services provider’s stock valued at $2,076,000 after buying an additional 1,344 shares in the last quarter. Gamco Investors INC. ET AL raised its position in shares of Liberty Media Corporation by 5.5% in the first quarter. Gamco Investors INC. ET AL now owns 843,200 shares of the financial services provider’s stock valued at $19,942,000 after buying an additional 44,091 shares in the last quarter. Van Den Berg Management I Inc. raised its position in shares of Liberty Media Corporation by 3.6% in the first quarter. Van Den Berg Management I Inc. now owns 382,311 shares of the financial services provider’s stock valued at $9,042,000 after buying an additional 13,284 shares in the last quarter. American International Group Inc. raised its position in shares of Liberty Media Corporation by 7.1% in the first quarter. American International Group Inc. now owns 19,375 shares of the financial services provider’s stock valued at $458,000 after buying an additional 1,278 shares in the last quarter. Finally, Seizert Capital Partners LLC purchased a new position in shares of Liberty Media Corporation during the first quarter valued at about $210,000. 72.96% of the stock is owned by institutional investors and hedge funds.

Liberty Media Corporation (NASDAQ BATRK) opened at 24.35 on Friday. The firm’s market capitalization is $1.20 billion. Liberty Media Corporation has a one year low of $16.18 and a one year high of $25.97. The stock has a 50 day moving average price of $24.52 and a 200 day moving average price of $23.37.

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Several research firms have recently weighed in on BATRK. Zacks Investment Research lowered Liberty Media Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. Morgan Stanley reiterated an “underweight” rating and issued a $22.00 price objective (up from $17.00) on shares of Liberty Media Corporation in a research note on Thursday, June 1st.

About Liberty Media Corporation

Liberty Media Corporation owns interests in subsidiaries and other companies, which are engaged in the media and entertainment industries. The Company’s principal businesses and assets include its consolidated subsidiaries Sirius XM Holdings Inc (SIRIUS XM) and Braves Holdings, LLC (Braves Holdings), and its equity affiliate Live Nation Entertainment, Inc (Live Nation).

Institutional Ownership by Quarter for Liberty Media Corporation (NASDAQ:BATRK)

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