Highbridge Capital Management LLC Raises Stock Holdings in Liberty Media Corporation – Liberty Live Series A $LLYVA

Highbridge Capital Management LLC increased its holdings in shares of Liberty Media Corporation – Liberty Live Series A (NASDAQ:LLYVA) by 15.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 208,179 shares of the company’s stock after buying an additional 28,602 shares during the quarter. Highbridge Capital Management LLC owned 0.23% of Liberty Media Corporation – Liberty Live Series A worth $19,631,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. Principal Financial Group Inc. lifted its holdings in shares of Liberty Media Corporation – Liberty Live Series A by 933.4% in the 3rd quarter. Principal Financial Group Inc. now owns 384,482 shares of the company’s stock valued at $36,257,000 after buying an additional 347,275 shares during the period. JPMorgan Chase & Co. grew its position in shares of Liberty Media Corporation – Liberty Live Series A by 56.1% in the second quarter. JPMorgan Chase & Co. now owns 386,705 shares of the company’s stock valued at $30,735,000 after purchasing an additional 139,055 shares during the period. Norges Bank purchased a new stake in Liberty Media Corporation – Liberty Live Series A during the 2nd quarter worth approximately $9,767,000. Bank of Nova Scotia purchased a new position in Liberty Media Corporation – Liberty Live Series A in the 2nd quarter valued at $3,441,000. Finally, Vanguard Group Inc. lifted its stake in shares of Liberty Media Corporation – Liberty Live Series A by 1.7% in the third quarter. Vanguard Group Inc. now owns 2,039,881 shares of the company’s stock worth $192,361,000 after buying an additional 33,550 shares in the last quarter. 25.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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 given a Sell rating to the company. According to MarketBeat, Liberty Media Corporation – Liberty Live Series A currently has an average rating of “Reduce”.

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

Shares of NASDAQ LLYVA opened at $95.44 on Friday. The business’s fifty day simple moving average is $83.34 and its 200-day simple moving average is $86.05. The stock has a market cap of $8.77 billion, a P/E ratio of -24.73 and a beta of 1.37. Liberty Media Corporation – Liberty Live Series A has a 12-month low of $59.45 and a 12-month high of $99.63.

Insiders Place Their Bets

In other news, Director Chase Carey sold 83,536 shares of the business’s stock in a transaction that occurred 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 sale, the director owned 94,356 shares in the company, valued at approximately $9,147,814.20. The trade was a 46.96% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Berkshire Hathaway Inc sold 66,568 shares of the business’s stock in a transaction on Monday, January 12th. The shares were sold at an average price of $83.27, for a total transaction of $5,543,117.36. Following the completion of the sale, the insider directly owned 10,703,007 shares of the company’s stock, valued at approximately $891,239,392.89. This trade represents a 0.62% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 497,554 shares of company stock valued at $43,484,018.

Liberty Media Corporation – Liberty Live Series A 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.