Liberty Media Corporation – Liberty Live Series C $LLYVK Stock Position Lifted by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. lifted its position in Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) by 21.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 39,859 shares of the company’s stock after acquiring an additional 7,006 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Liberty Media Corporation – Liberty Live Series C were worth $3,315,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Principal Financial Group Inc. lifted its stake in Liberty Media Corporation – Liberty Live Series C by 791.0% during the third quarter. Principal Financial Group Inc. now owns 1,688,466 shares of the company’s stock worth $163,734,000 after purchasing an additional 1,498,972 shares during the last quarter. HB Wealth Management LLC bought a new stake in Liberty Media Corporation – Liberty Live Series C during the third quarter valued at $2,032,000. Greenland Capital Management LP raised its holdings in shares of Liberty Media Corporation – Liberty Live Series C by 385.0% during the third quarter. Greenland Capital Management LP now owns 26,582 shares of the company’s stock worth $2,578,000 after purchasing an additional 21,101 shares during the period. Amundi raised its holdings in shares of Liberty Media Corporation – Liberty Live Series C by 19.3% during the second quarter. Amundi now owns 214,190 shares of the company’s stock worth $17,189,000 after purchasing an additional 34,596 shares during the period. Finally, Legal & General Group Plc lifted its position in shares of Liberty Media Corporation – Liberty Live Series C by 26.0% in the 2nd quarter. Legal & General Group Plc now owns 64,225 shares of the company’s stock worth $5,213,000 after buying an additional 13,257 shares during the last quarter. 60.36% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Liberty Media Corporation – Liberty Live Series C

In related news, major shareholder Berkshire Hathaway Inc sold 7,685 shares of the stock in a transaction dated Friday, January 16th. The shares were sold at an average price of $83.72, for a total value of $643,388.20. Following the sale, the insider owned 10,587,143 shares of the company’s stock, valued at $886,355,611.96. This trade represents a 0.07% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last 90 days, insiders have sold 330,518 shares of company stock valued at $27,386,738.

Liberty Media Corporation – Liberty Live Series C Stock Performance

LLYVK stock opened at $88.69 on Monday. The stock has a market capitalization of $8.15 billion, a price-to-earnings ratio of -170.56 and a beta of 1.25. Liberty Media Corporation – Liberty Live Series C has a 1 year low of $60.55 and a 1 year high of $102.62. The stock’s fifty day moving average is $91.24 and its two-hundred day moving average is $88.69.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Wall Street Zen raised shares of Liberty Media Corporation – Liberty Live Series C to a “sell” rating in a research report on Saturday, February 28th. Weiss Ratings reissued a “sell (d)” rating on shares of Liberty Media Corporation – Liberty Live Series C in a report on Thursday, January 22nd. Finally, Zacks Research lowered Liberty Media Corporation – Liberty Live Series C from a “hold” rating to a “strong sell” rating in a report on Wednesday, March 4th. Two equities research analysts have rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has an average 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.