Principal Financial Group Inc. Purchases 347,275 Shares of Liberty Media Corporation – Liberty Live Series A $LLYVA

Principal Financial Group Inc. grew its position in shares of Liberty Media Corporation – Liberty Live Series A (NASDAQ:LLYVA) by 933.4% in the 3rd quarter, HoldingsChannel reports. The fund owned 384,482 shares of the company’s stock after buying an additional 347,275 shares during the period. Principal Financial Group Inc.’s holdings in Liberty Media Corporation – Liberty Live Series A were worth $36,257,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of LLYVA. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in Liberty Media Corporation – Liberty Live Series A in the 2nd quarter valued at $25,000. Federated Hermes Inc. bought a new position in shares of Liberty Media Corporation – Liberty Live Series A in the third quarter valued at $64,000. Quent Capital LLC bought a new stake in shares of Liberty Media Corporation – Liberty Live Series A during the third quarter worth about $80,000. CWM LLC raised its holdings in shares of Liberty Media Corporation – Liberty Live Series A by 35.0% in the 2nd quarter. CWM LLC now owns 1,251 shares of the company’s stock worth $99,000 after acquiring an additional 324 shares during the last quarter. Finally, Bessemer Group Inc. lifted its position in Liberty Media Corporation – Liberty Live Series A by 3,472.2% in the 2nd quarter. Bessemer Group Inc. now owns 1,286 shares of the company’s stock valued at $103,000 after acquiring an additional 1,250 shares in the last quarter. 25.07% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

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

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Liberty Media Corporation – Liberty Live Series A in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce”.

Liberty Media Corporation – Liberty Live Series A Price Performance

NASDAQ LLYVA opened at $77.96 on Friday. The company has a fifty day moving average price of $81.17 and a 200-day moving average price of $85.49. Liberty Media Corporation – Liberty Live Series A has a 1 year low of $59.45 and a 1 year high of $99.63. The firm has a market cap of $7.16 billion, a price-to-earnings ratio of -20.20 and a beta of 1.37.

Liberty Media Corporation – Liberty Live Series A Company Profile

Liberty Media Corporation – Liberty Live Group Series A (NASDAQ:LLYVA) is a Class A tracking stock of Liberty Media Corporation that is focused on the company’s live sports and entertainment businesses. Headquartered in Englewood, Colorado, Liberty Media was founded in 1991 as a successor to Tele-Communications, Inc, and has since evolved into a diversified holding company. The Liberty Live Group tracking stock provides investors with direct exposure to a portfolio of live sports franchises and related enterprises within the broader Liberty Media framework.

The primary asset underlying the Liberty Live Group is a 100% ownership interest in the Atlanta Braves, one of Major League Baseball’s premier franchises based at Truist Park in Atlanta, Georgia.