Makena Capital Management LLC Boosts Position in Liberty Media Corporation – Liberty Live Series C $LLYVK

Makena Capital Management LLC boosted its holdings in shares of Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) by 2.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 269,418 shares of the company’s stock after buying an additional 7,293 shares during the quarter. Liberty Media Corporation – Liberty Live Series C accounts for about 2.7% of Makena Capital Management LLC’s portfolio, making the stock its 12th largest holding. Makena Capital Management LLC owned about 0.29% of Liberty Media Corporation – Liberty Live Series C worth $22,405,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of LLYVK. AQR Capital Management LLC raised its position in Liberty Media Corporation – Liberty Live Series C by 47.6% during the 1st quarter. AQR Capital Management LLC now owns 14,639 shares of the company’s stock worth $983,000 after buying an additional 4,719 shares during the last quarter. Jane Street Group LLC acquired a new stake in shares of Liberty Media Corporation – Liberty Live Series C during the 1st quarter worth approximately $1,018,000. Invesco Ltd. grew its stake in shares of Liberty Media Corporation – Liberty Live Series C by 9.1% during the 2nd quarter. Invesco Ltd. now owns 96,925 shares of the company’s stock worth $7,866,000 after purchasing an additional 8,110 shares during the period. First Trust Advisors LP grew its stake in shares of Liberty Media Corporation – Liberty Live Series C by 63.5% during the 2nd quarter. First Trust Advisors LP now owns 61,354 shares of the company’s stock worth $4,979,000 after purchasing an additional 23,827 shares during the period. Finally, State Street Corp grew its stake in shares of Liberty Media Corporation – Liberty Live Series C by 2.2% during the 2nd quarter. State Street Corp now owns 825,898 shares of the company’s stock worth $67,030,000 after purchasing an additional 17,989 shares during the period. 60.36% of the stock is owned by hedge funds and other institutional investors.

Liberty Media Corporation – Liberty Live Series C Stock Down 1.7%

Shares of LLYVK opened at $95.75 on Friday. The firm’s fifty day moving average is $95.76 and its two-hundred day moving average is $89.01. The stock has a market cap of $8.80 billion, a PE ratio of -184.13 and a beta of 0.98. Liberty Media Corporation – Liberty Live Series C has a 52-week low of $71.48 and a 52-week high of $102.62.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Wall Street Zen raised shares of Liberty Media Corporation – Liberty Live Series C from a “sell” rating to a “hold” rating in a research note on Saturday. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Liberty Media Corporation – Liberty Live Series C in a research note on Thursday, January 22nd. Finally, Zacks Research upgraded Liberty Media Corporation – Liberty Live Series C from a “strong sell” rating to a “hold” rating in a research note on Friday, May 1st. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Reduce”.

Liberty Media Corporation – Liberty Live Series C Company 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.