Liberty Media Corporation – Liberty Live Series C $LLYVK Shares Bought by Principal Financial Group Inc.

Principal Financial Group Inc. raised its holdings in Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) by 791.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,688,466 shares of the company’s stock after buying an additional 1,498,972 shares during the quarter. Principal Financial Group Inc. owned about 1.84% of Liberty Media Corporation – Liberty Live Series C worth $163,734,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. AQR Capital Management LLC increased its holdings in shares of Liberty Media Corporation – Liberty Live Series C by 47.6% during the first quarter. AQR Capital Management LLC now owns 14,639 shares of the company’s stock valued at $983,000 after acquiring an additional 4,719 shares in the last quarter. Jane Street Group LLC purchased a new stake in Liberty Media Corporation – Liberty Live Series C during the 1st quarter worth approximately $1,018,000. Mirae Asset Global Investments Co. Ltd. grew its position in Liberty Media Corporation – Liberty Live Series C by 29,414.6% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 46,633 shares of the company’s stock worth $3,785,000 after purchasing an additional 46,475 shares during the last quarter. Highland Capital Management LLC acquired a new position in Liberty Media Corporation – Liberty Live Series C during the 2nd quarter valued at approximately $215,000. Finally, DAVENPORT & Co LLC purchased a new position in shares of Liberty Media Corporation – Liberty Live Series C in the second quarter worth $7,374,000. Institutional investors and hedge funds own 60.36% of the company’s stock.

Liberty Media Corporation – Liberty Live Series C Trading Down 1.7%

LLYVK opened at $83.06 on Monday. Liberty Media Corporation – Liberty Live Series C has a 12-month low of $60.55 and a 12-month high of $102.62. The firm has a 50 day moving average of $82.95 and a two-hundred day moving average of $88.03. The firm has a market capitalization of $7.63 billion, a PE ratio of -21.43 and a beta of 1.40.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Liberty Media Corporation – Liberty Live Series C in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Liberty Media Corporation – Liberty Live Series C has a consensus rating of “Reduce”.

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

In related news, Director Chase Carey sold 83,536 shares of the firm’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 transaction, the director owned 94,356 shares of the company’s stock, valued at $9,147,814.20. This trade represents a 46.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

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.