Liberty Media Corporation – Liberty Live Series C $LLYVK Shares Sold by Lighthouse Investment Partners LLC

Lighthouse Investment Partners LLC lowered its stake in shares of Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) by 8.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 157,819 shares of the company’s stock after selling 13,723 shares during the quarter. Lighthouse Investment Partners LLC’s holdings in Liberty Media Corporation – Liberty Live Series C were worth $15,304,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in LLYVK. AQR Capital Management LLC lifted 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 acquiring an additional 4,719 shares during the period. Jane Street Group LLC purchased a new position in shares of Liberty Media Corporation – Liberty Live Series C in the 1st quarter valued at approximately $1,018,000. Geode Capital Management LLC increased its holdings in shares of 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. Police & Firemen s Retirement System of New Jersey increased its holdings in shares of Liberty Media Corporation – Liberty Live Series C by 5.7% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 17,915 shares of the company’s stock valued at $1,454,000 after purchasing an additional 965 shares during the period. Finally, SG Americas Securities LLC raised its stake in shares of Liberty Media Corporation – Liberty Live Series C by 99.6% during the second quarter. SG Americas Securities LLC now owns 14,148 shares of the company’s stock worth $1,148,000 after purchasing an additional 7,059 shares during the last quarter. Institutional investors and hedge funds own 60.36% of the company’s stock.

Liberty Media Corporation – Liberty Live Series C Trading Down 2.8%

NASDAQ LLYVK opened at $92.04 on Monday. The business’s 50 day moving average is $89.25 and its two-hundred day moving average is $89.03. Liberty Media Corporation – Liberty Live Series C has a 12-month low of $60.55 and a 12-month high of $102.62. The stock has a market capitalization of $8.46 billion, a price-to-earnings ratio of -177.00 and a beta of 1.25.

Insider Activity at Liberty Media Corporation – Liberty Live Series C

In related news, 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 stock was sold at an average price of $96.95, for a total value of $8,098,815.20. Following the sale, the director directly owned 94,356 shares in the company, valued at $9,147,814.20. The trade was a 46.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Berkshire Hathaway Inc sold 7,685 shares of the company’s stock in a transaction on Friday, January 16th. The stock was sold at an average price of $83.72, for a total value of $643,388.20. Following the transaction, the insider directly owned 10,587,143 shares in the company, valued at $886,355,611.96. This represents a 0.07% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 497,554 shares of company stock valued at $43,484,018 over the last three months.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on LLYVK. Zacks Research downgraded 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 reissued a “sell (d)” rating on shares of Liberty Media Corporation – Liberty Live Series C in a research note on Thursday, January 22nd. Finally, Wall Street Zen upgraded shares of Liberty Media Corporation – Liberty Live Series C to a “sell” rating in a research report on Saturday, February 28th. Two analysts have rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has a consensus rating of “Sell”.

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.