Liberty Media Corp. [NASDAQ: LSXMA] closed the trading session at $30.04. The company report on March 1, 2024 at 4:15 PM that Liberty Media Corporation Announces Quarterly Interest Payment and Excess Regular Additional Distribution on 2.75% Exchangeable Senior Debentures Due 2049.
Liberty Media Corporation (“Liberty”) (NASDAQ: LSXMA, LSXMB, LSXMK, FWONA, FWONK, LLYVA, LLYVK) today announced the payment of a quarterly interest payment and an Excess Regular Additional Distribution to the holders as of February 15, 2024 of its 2.75% Exchangeable Senior Debentures due 2049 (the “Debentures”). The amount of the quarterly interest payment is $6.8750 per $1,000 original principal amount of Debentures, and the amount of the Excess Regular Additional Distribution is $1.5419 per $1,000 original principal amount of Debentures. As of March 1, 2024, the aggregate adjusted principal amount outstanding is approximately $585 million, after giving effect to today’s quarterly interest payment. Capitalized terms used but not defined herein have the meaning given to them in the Indenture for the Debentures.
Under the Indenture for the Debentures, the original principal amount of the Debentures is reduced in an amount equal to each Extraordinary Additional Distribution that is made to holders of the Debentures. Thereafter, the adjusted principal amount is further reduced on each successive quarterly interest payment date to the extent necessary to cause the quarterly interest payment to represent the payment of an annualized yield of 2.75% of the adjusted principal amount. This latter adjustment, to the extent it is made by reason of a particular Extraordinary Additional Distribution that results in a reduction to the principal amount of the Debentures, takes effect on the second succeeding interest payment date after the payment of that Extraordinary Additional Distribution.
The stocks have a year to date performance of 4.52 percent and weekly performance of 2.14 percent. The stock has been moved at 33.27 percent over the last six months. The stock has performed -0.92 percent around the most recent 30 days and changed 13.27 percent over the most recent 3-months.
If compared to the average trading volume of 1.38M shares, LSXMA reached to a volume of 7583591 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Liberty Media Corp. [LSXMA]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for LSXMA shares is $37.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on LSXMA stock is a recommendation set at 1.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Seaport Research Partners have made an estimate for Liberty Media Corp. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on August 21, 2023. While these analysts kept the previous recommendation, Seaport Research Partners raised their target price to Neutral. The new note on the price target was released on April 24, 2023, representing the official price target for Liberty Media Corp. stock. Previously, the target price had yet another drop from $57 to $56, while Morgan Stanley kept a Equal-Weight rating on LSXMA stock. On January 11, 2021, analysts increased their price target for LSXMA shares from 39 to 55.
The Average True Range (ATR) for Liberty Media Corp. is set at 0.72, with the Price to Sales ratio for LSXMA stock in the period of the last 12 months amounting to 1.10. The Price to Book ratio for the last quarter was 0.99, with the Price to Cash per share for the same quarter was set at 1.00. Price to Free Cash Flow for LSXMA in the course of the last twelve months was 7.63 with Quick ratio for the last quarter at 0.39.
LSXMA stock trade performance evaluation
Liberty Media Corp. [LSXMA] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 2.14. With this latest performance, LSXMA shares dropped by -0.92% in over the last four-week period, additionally plugging by 33.27% over the last 6 months – not to mention a rise of 48.47% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for LSXMA stock in for the last two-week period is set at 52.41, with the RSI for the last a single of trading hit 54.89, and the three-weeks RSI is set at 52.42 for Liberty Media Corp. [LSXMA]. The present Moving Average for the last 50 days of trading for this stock 30.21, while it was recorded at 29.82 for the last single week of trading.
Liberty Media Corp. [LSXMA]: An insightful look at the core fundamentals
Liberty Media Corp.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.39 and a Current Ratio set at 0.39.
Earnings per share (EPS) analysis for Liberty Media Corp. [LSXMA] stock
With the latest financial reports released by the company, Liberty Media Corp. posted -0.47/share EPS, while the average EPS was predicted by analysts to be reported at 0.94/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -150.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for LSXMA. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Liberty Media Corp. go to 44.12%.
Liberty Media Corp. [LSXMA]: Institutional Ownership
The top three institutional holders of LSXMA stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in LSXMA stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in LSXMA stock with ownership which is approximately 5.8325%.
