Allspring Global Investments Holdings LLC Sells 164,694 Shares of Liberty Media Corporation – Liberty Live Series C $LLYVK

Allspring Global Investments Holdings LLC lessened its holdings in shares of Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) by 23.0% during the third quarter, HoldingsChannel.com reports. The firm owned 550,027 shares of the company’s stock after selling 164,694 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Liberty Media Corporation – Liberty Live Series C were worth $51,983,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bamco Inc. NY grew its position in Liberty Media Corporation – Liberty Live Series C by 19.2% during the second quarter. Bamco Inc. NY now owns 1,417,398 shares of the company’s stock worth $115,036,000 after buying an additional 228,040 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Liberty Media Corporation – Liberty Live Series C by 1.5% during the 2nd quarter. Geode Capital Management LLC now owns 831,062 shares of the company’s stock worth $67,460,000 after purchasing an additional 12,443 shares in the last quarter. State Street Corp raised its stake in Liberty Media Corporation – Liberty Live Series C by 2.2% in the second quarter. State Street Corp now owns 825,898 shares of the company’s stock valued at $67,030,000 after purchasing an additional 17,989 shares in the last quarter. Norges Bank bought a new stake in Liberty Media Corporation – Liberty Live Series C during the second quarter worth about $58,978,000. Finally, JPMorgan Chase & Co. grew its stake in Liberty Media Corporation – Liberty Live Series C by 118.2% during the second quarter. JPMorgan Chase & Co. now owns 568,468 shares of the company’s stock worth $46,137,000 after buying an additional 307,902 shares in the last quarter. 60.36% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Liberty Media Corporation – Liberty Live Series C

In other Liberty Media Corporation – Liberty Live Series C news, Director Chase Carey sold 83,536 shares of the business’s stock in a transaction 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 sale, the director 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 sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Liberty Media Corporation – Liberty Live Series C Trading Down 0.2%

NASDAQ LLYVK opened at $83.16 on Friday. The firm has a market capitalization of $7.64 billion, a PE ratio of -21.54 and a beta of 1.39. The business’s 50-day moving average price is $84.03 and its two-hundred day moving average price is $87.35. Liberty Media Corporation – Liberty Live Series C has a 12 month low of $60.55 and a 12 month high of $102.62.

Analyst Upgrades and Downgrades

LLYVK has been the subject of a number of research analyst reports. Zacks Research raised Liberty Media Corporation – Liberty Live Series C to a “hold” rating in a report on Tuesday, September 9th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Liberty Media Corporation – Liberty Live Series C in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Reduce”.

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.