DAVENPORT & Co LLC Raises Stake in Liberty Media Corporation – Liberty Live Series C $LLYVK

DAVENPORT & Co LLC grew its stake in shares of Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) by 81.7% during the 4th quarter, Holdings Channel.com reports. The firm owned 166,490 shares of the company’s stock after acquiring an additional 74,883 shares during the period. DAVENPORT & Co LLC’s holdings in Liberty Media Corporation – Liberty Live Series C were worth $13,874,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Principal Financial Group Inc. increased its holdings in shares of Liberty Media Corporation – Liberty Live Series C by 791.0% in the 3rd quarter. Principal Financial Group Inc. now owns 1,688,466 shares of the company’s stock valued at $163,734,000 after purchasing an additional 1,498,972 shares in the last quarter. Norges Bank purchased a new stake in Liberty Media Corporation – Liberty Live Series C during the second quarter worth about $58,978,000. SG Americas Securities LLC grew its position in Liberty Media Corporation – Liberty Live Series C by 1,012.6% during the fourth quarter. SG Americas Securities LLC now owns 609,399 shares of the company’s stock worth $50,678,000 after buying an additional 554,625 shares during the period. JPMorgan Chase & Co. grew its position 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 during the period. Finally, Bamco Inc. NY increased its holdings in Liberty Media Corporation – Liberty Live Series C by 19.2% in the second quarter. Bamco Inc. NY now owns 1,417,398 shares of the company’s stock valued at $115,036,000 after buying an additional 228,040 shares in the last quarter. 60.36% of the stock is owned by institutional investors and hedge funds.

Liberty Media Corporation – Liberty Live Series C Trading Up 1.5%

Shares of NASDAQ LLYVK opened at $94.99 on Thursday. The stock has a market cap of $8.73 billion, a price-to-earnings ratio of -182.67 and a beta of 1.26. Liberty Media Corporation – Liberty Live Series C has a 52 week low of $60.55 and a 52 week high of $102.62. The company’s 50-day moving average price is $90.98 and its 200 day moving average price is $88.91.

Insider Transactions at Liberty Media Corporation – Liberty Live Series C

In other Liberty Media Corporation – Liberty Live Series C news, major shareholder Berkshire Hathaway Inc sold 66,568 shares of the company’s stock in a transaction dated Monday, January 12th. The shares were sold at an average price of $83.27, for a total value of $5,543,117.36. Following the sale, the insider owned 10,703,007 shares of the company’s stock, valued at $891,239,392.89. This represents a 0.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold a total of 330,518 shares of company stock worth $27,386,738 in the last ninety days.

Analyst Upgrades and Downgrades

LLYVK has been the subject of a number of research reports. Weiss Ratings reiterated a “sell (d)” rating on shares of Liberty Media Corporation – Liberty Live Series C in a research report on Thursday, January 22nd. Wall Street Zen upgraded Liberty Media Corporation – Liberty Live Series C to a “sell” rating in a report on Saturday, February 28th. Finally, Zacks Research cut Liberty Media Corporation – Liberty Live Series C from a “hold” rating to a “strong sell” rating in a report on Wednesday, March 4th. Two investment analysts have rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has an average rating of “Sell”.

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.