JNE Partners LLP Trims Stake in Liberty Media Corporation – Liberty Live Series C $LLYVK

JNE Partners LLP cut its stake in shares of Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) by 9.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,173,090 shares of the company’s stock after selling 127,800 shares during the period. Liberty Media Corporation – Liberty Live Series C makes up approximately 48.4% of JNE Partners LLP’s investment portfolio, making the stock its largest holding. JNE Partners LLP’s holdings in Liberty Media Corporation – Liberty Live Series C were worth $113,755,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Principal Financial Group Inc. boosted its holdings in Liberty Media Corporation – Liberty Live Series C by 791.0% during the third quarter. Principal Financial Group Inc. now owns 1,688,466 shares of the company’s stock worth $163,734,000 after buying an additional 1,498,972 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Liberty Media Corporation – Liberty Live Series C by 1.5% in the 2nd quarter. Geode Capital Management LLC now owns 831,062 shares of the company’s stock valued at $67,460,000 after acquiring an additional 12,443 shares during the last quarter. HB Wealth Management LLC acquired a new stake in shares of Liberty Media Corporation – Liberty Live Series C in the 3rd quarter valued at approximately $2,032,000. Greenland Capital Management LP raised its position in shares of Liberty Media Corporation – Liberty Live Series C by 385.0% in the 3rd quarter. Greenland Capital Management LP now owns 26,582 shares of the company’s stock valued at $2,578,000 after acquiring an additional 21,101 shares during the period. Finally, Highbridge Capital Management LLC boosted its stake in Liberty Media Corporation – Liberty Live Series C by 13.6% during the 2nd quarter. Highbridge Capital Management LLC now owns 131,960 shares of the company’s stock worth $10,710,000 after acquiring an additional 15,809 shares during the last quarter. Institutional investors own 60.36% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on LLYVK shares. Zacks Research cut shares of Liberty Media Corporation – Liberty Live Series C from a “hold” rating to a “strong sell” rating in a report on Wednesday, March 4th. Weiss Ratings reiterated a “sell (d)” rating on shares of Liberty Media Corporation – Liberty Live Series C in a report on Thursday, January 22nd. Finally, Wall Street Zen raised shares of Liberty Media Corporation – Liberty Live Series C to a “sell” rating in a report on Saturday, February 28th. Two investment analysts have rated the stock with a Sell rating, According to data from MarketBeat.com, the company has a consensus rating of “Sell”.

Liberty Media Corporation – Liberty Live Series C Price Performance

NASDAQ:LLYVK opened at $92.04 on Monday. Liberty Media Corporation – Liberty Live Series C has a fifty-two week low of $60.55 and a fifty-two week high of $102.62. The stock has a market capitalization of $8.46 billion, a PE ratio of -177.00 and a beta of 1.25. The business’s 50-day simple moving average is $89.25 and its 200-day simple moving average is $89.03.

Insider Buying and Selling

In other Liberty Media Corporation – Liberty Live Series C news, major shareholder Berkshire Hathaway Inc sold 7,685 shares of the firm’s stock in a transaction that occurred on Friday, January 16th. The shares were sold at an average price of $83.72, for a total transaction of $643,388.20. Following the sale, the insider directly owned 10,587,143 shares in the company, valued at approximately $886,355,611.96. This trade represents a 0.07% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Chase Carey sold 83,536 shares of Liberty Media Corporation – Liberty Live Series C stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $96.95, for a total transaction of $8,098,815.20. Following the completion of the transaction, the director directly owned 94,356 shares in the company, valued at approximately $9,147,814.20. The trade was a 46.96% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 497,554 shares of company stock valued at $43,484,018.

Liberty Media Corporation – Liberty Live Series C Profile

Liberty Media Corporation – Liberty Live Series C (NASDAQ: LLYVK) is a tracking stock designed to reflect the performance of Liberty Media’s investment in Live Nation Entertainment. Established in August 2023, the Liberty Live tracking stock allows investors to gain targeted exposure to the live entertainment sector without direct ownership of Liberty Media’s other diversified assets. The Series C shares trade separately, offering a clear view of the value and results generated by Live Nation’s global operations.

The underlying asset for the Liberty Live Series C shares is Liberty Media’s equity stake in Live Nation, one of the world’s leading live entertainment companies.