Great Lakes Advisors LLC Reduces Stock Position in Liberty Media Corporation – Liberty Live Series C $LLYVK

Great Lakes Advisors LLC lessened its stake in shares of Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) by 50.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 43,917 shares of the company’s stock after selling 43,854 shares during the period. Great Lakes Advisors LLC’s holdings in Liberty Media Corporation – Liberty Live Series C were worth $4,259,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Geode Capital Management LLC raised its position in Liberty Media Corporation – Liberty Live Series C by 1.5% in the second quarter. Geode Capital Management LLC now owns 831,062 shares of the company’s stock valued at $67,460,000 after purchasing an additional 12,443 shares during the period. HB Wealth Management LLC purchased a new stake in shares of Liberty Media Corporation – Liberty Live Series C in the 3rd quarter valued at $2,032,000. Highbridge Capital Management LLC lifted 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 in the last quarter. Amundi lifted its stake in Liberty Media Corporation – Liberty Live Series C by 19.3% during the 2nd quarter. Amundi now owns 214,190 shares of the company’s stock worth $17,189,000 after acquiring an additional 34,596 shares in the last quarter. Finally, Legal & General Group Plc boosted its holdings in Liberty Media Corporation – Liberty Live Series C by 26.0% during the 2nd quarter. Legal & General Group Plc now owns 64,225 shares of the company’s stock valued at $5,213,000 after acquiring an additional 13,257 shares during the period. Institutional investors own 60.36% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Liberty Media Corporation – Liberty Live Series C in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce”.

Liberty Media Corporation – Liberty Live Series C Stock Down 2.3%

Shares of LLYVK opened at $82.58 on Friday. The company has a market capitalization of $7.59 billion, a price-to-earnings ratio of -21.39 and a beta of 1.40. Liberty Media Corporation – Liberty Live Series C has a 52-week low of $60.55 and a 52-week high of $102.62. The stock has a 50 day moving average price of $82.95 and a 200 day moving average price of $87.93.

Insiders Place Their Bets

In other Liberty Media Corporation – Liberty Live Series C news, Director Chase Carey sold 83,536 shares of the stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $96.95, for a total transaction of $8,098,815.20. Following the completion of the sale, the director directly owned 94,356 shares of the company’s stock, valued at approximately $9,147,814.20. This trade represents a 46.96% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

About Liberty Media Corporation – Liberty Live Series C

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.