Liberty Media Corporation (BATRK) Downgraded by TheStreet

Liberty Media Corporation (NASDAQ:BATRK) was downgraded by TheStreet from a “c-” rating to a “d” rating in a report released on Thursday, November 2nd.

A number of other brokerages have also weighed in on BATRK. Zacks Investment Research lowered shares of Liberty Media Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. Morgan Stanley upped their price objective on shares of Liberty Media Corporation from $22.00 to $25.00 and gave the company an “underweight” rating in a research note on Thursday, September 21st.

Liberty Media Corporation (BATRK) traded down $0.53 during trading hours on Thursday, hitting $21.76. 525,200 shares of the company traded hands, compared to its average volume of 142,623. Liberty Media Corporation has a 1-year low of $18.30 and a 1-year high of $26.20.

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Several hedge funds and other institutional investors have recently modified their holdings of BATRK. Alliancebernstein L.P. raised its stake in Liberty Media Corporation by 14.9% during the second quarter. Alliancebernstein L.P. now owns 40,003 shares of the financial services provider’s stock worth $959,000 after acquiring an additional 5,195 shares in the last quarter. American International Group Inc. boosted its position in shares of Liberty Media Corporation by 7.1% during the 1st quarter. American International Group Inc. now owns 19,375 shares of the financial services provider’s stock valued at $458,000 after acquiring an additional 1,278 shares during the last quarter. Renaissance Technologies LLC purchased a new position in shares of Liberty Media Corporation during the 1st quarter valued at about $2,481,000. State Street Corp increased its stake in Liberty Media Corporation by 0.3% in the 1st quarter. State Street Corp now owns 604,413 shares of the financial services provider’s stock worth $14,293,000 after purchasing an additional 1,574 shares during the period. Finally, Eagle Asset Management Inc. increased its stake in Liberty Media Corporation by 1.3% in the 2nd quarter. Eagle Asset Management Inc. now owns 825,457 shares of the financial services provider’s stock worth $19,786,000 after purchasing an additional 10,918 shares during the period. 71.52% of the stock is currently owned by institutional investors.

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).

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