Illinois Municipal Retirement Fund Boosts Stock Position in Liberty Media Corporation – Liberty Live Series C $LLYVK

Illinois Municipal Retirement Fund lifted its stake in shares of Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) by 35.0% in the third quarter, HoldingsChannel reports. The fund owned 20,838 shares of the company’s stock after acquiring an additional 5,400 shares during the period. Illinois Municipal Retirement Fund’s holdings in Liberty Media Corporation – Liberty Live Series C were worth $2,021,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in LLYVK. Bessemer Group Inc. boosted its position in shares of Liberty Media Corporation – Liberty Live Series C by 579.3% in the third quarter. Bessemer Group Inc. now owns 1,216 shares of the company’s stock worth $118,000 after purchasing an additional 1,037 shares during the period. Envestnet Asset Management Inc. bought a new stake in shares of Liberty Media Corporation – Liberty Live Series C during the 3rd quarter valued at $3,108,000. Principal Financial Group Inc. lifted its stake in shares of Liberty Media Corporation – Liberty Live Series C by 791.0% during the 3rd quarter. Principal Financial Group Inc. now owns 1,688,466 shares of the company’s stock valued at $163,734,000 after buying an additional 1,498,972 shares in the last quarter. Arizona State Retirement System boosted its holdings in Liberty Media Corporation – Liberty Live Series C by 1.5% in the 3rd quarter. Arizona State Retirement System now owns 13,198 shares of the company’s stock worth $1,280,000 after buying an additional 198 shares during the period. Finally, New York State Common Retirement Fund boosted its holdings in Liberty Media Corporation – Liberty Live Series C by 11.8% in the 3rd quarter. New York State Common Retirement Fund now owns 23,668 shares of the company’s stock worth $2,295,000 after buying an additional 2,500 shares during the period. Institutional investors own 60.36% of the company’s stock.

Liberty Media Corporation – Liberty Live Series C Stock Up 1.6%

Shares of Liberty Media Corporation – Liberty Live Series C stock opened at $93.21 on Tuesday. Liberty Media Corporation – Liberty Live Series C has a twelve month low of $60.55 and a twelve month high of $102.62. The business has a 50-day moving average price of $84.38 and a 200-day moving average price of $88.20. The firm has a market cap of $8.57 billion, a price-to-earnings ratio of -24.15 and a beta of 1.40.

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 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 stock. Based on data from MarketBeat, the company has an average rating of “Reduce”.

Insiders Place Their Bets

In other Liberty Media Corporation – Liberty Live Series C news, Director Chase Carey sold 83,536 shares of the firm’s 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 transaction, the director owned 94,356 shares in the company, valued at $9,147,814.20. This trade represents a 46.96% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link.

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.