Machina Capital S.A.S. Sells 53,978 Shares of Liberty Media Corporation – Liberty Live Series C $LLYVK

Machina Capital S.A.S. lowered its stake in shares of Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) by 62.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,828 shares of the company’s stock after selling 53,978 shares during the quarter. Machina Capital S.A.S.’s holdings in Liberty Media Corporation – Liberty Live Series C were worth $3,086,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Simon Quick Advisors LLC lifted its position in shares of Liberty Media Corporation – Liberty Live Series C by 5.3% during the 2nd quarter. Simon Quick Advisors LLC now owns 3,259 shares of the company’s stock valued at $264,000 after acquiring an additional 165 shares during the period. Arizona State Retirement System lifted its position in Liberty Media Corporation – Liberty Live Series C by 1.5% during the third quarter. Arizona State Retirement System now owns 13,198 shares of the company’s stock worth $1,280,000 after purchasing an additional 198 shares during the period. State Board of Administration of Florida Retirement System grew its stake in Liberty Media Corporation – Liberty Live Series C by 0.4% during the second quarter. State Board of Administration of Florida Retirement System now owns 52,532 shares of the company’s stock worth $4,263,000 after buying an additional 220 shares in the last quarter. CWM LLC increased its holdings in Liberty Media Corporation – Liberty Live Series C by 31.4% in the 2nd quarter. CWM LLC now owns 1,085 shares of the company’s stock valued at $88,000 after buying an additional 259 shares during the period. Finally, TD Private Client Wealth LLC acquired a new position in shares of Liberty Media Corporation – Liberty Live Series C in the 3rd quarter valued at approximately $26,000. Institutional investors own 60.36% of the company’s stock.

Liberty Media Corporation – Liberty Live Series C Price Performance

Shares of NASDAQ:LLYVK opened at $81.00 on Wednesday. The firm has a market capitalization of $7.44 billion, a price-to-earnings ratio of -20.98 and a beta of 1.40. Liberty Media Corporation – Liberty Live Series C has a one year low of $60.55 and a one year high of $102.62. The company’s fifty day moving average price is $83.10 and its 200-day moving average price is $88.03.

Insider Activity 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 dated Wednesday, December 17th. The stock was sold at an average price of $96.95, for a total transaction of $8,098,815.20. Following the transaction, the director directly owned 94,356 shares of the company’s stock, valued at approximately $9,147,814.20. This trade represents a 46.96% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Wall Street Analysts Forecast Growth

Separately, 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. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus 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.