Handelsbanken Fonder AB Buys 11,500 Shares of Liberty Media Corporation – Liberty Live Series C $LLYVK

Handelsbanken Fonder AB grew its stake in shares of Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) by 93.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 23,800 shares of the company’s stock after acquiring an additional 11,500 shares during the period. Handelsbanken Fonder AB’s holdings in Liberty Media Corporation – Liberty Live Series C were worth $2,308,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in LLYVK. Principal Financial Group Inc. boosted its position in shares of Liberty Media Corporation – Liberty Live Series C by 791.0% in the third quarter. Principal Financial Group Inc. now owns 1,688,466 shares of the company’s stock valued at $163,734,000 after acquiring an additional 1,498,972 shares during the period. Geode Capital Management LLC boosted its stake in shares of Liberty Media Corporation – Liberty Live Series C by 1.5% in the second quarter. Geode Capital Management LLC now owns 831,062 shares of the company’s stock valued at $67,460,000 after buying an additional 12,443 shares during the period. HB Wealth Management LLC bought a new stake in shares of Liberty Media Corporation – Liberty Live Series C in the third quarter valued at approximately $2,032,000. Highbridge Capital Management LLC grew its position in Liberty Media Corporation – Liberty Live Series C by 13.6% during the second quarter. Highbridge Capital Management LLC now owns 131,960 shares of the company’s stock worth $10,710,000 after buying an additional 15,809 shares in the last quarter. Finally, Greenland Capital Management LP increased its stake in Liberty Media Corporation – Liberty Live Series C by 385.0% during the 3rd quarter. Greenland Capital Management LP now owns 26,582 shares of the company’s stock worth $2,578,000 after acquiring an additional 21,101 shares during the period. Institutional investors and hedge funds own 60.36% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on LLYVK. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Liberty Media Corporation – Liberty Live Series C in a report on Thursday, January 22nd. Wall Street Zen upgraded Liberty Media Corporation – Liberty Live Series C to a “sell” rating in a research report on Saturday. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Liberty Media Corporation – Liberty Live Series C currently has a consensus rating of “Reduce”.

Liberty Media Corporation – Liberty Live Series C Price Performance

NASDAQ LLYVK opened at $99.08 on Wednesday. The business has a fifty day moving average price of $87.10 and a two-hundred day moving average price of $88.88. The stock has a market capitalization of $9.11 billion, a PE ratio of -190.54 and a beta of 1.26. Liberty Media Corporation – Liberty Live Series C has a fifty-two week low of $60.55 and a fifty-two week high of $102.62.

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 dated 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 sale, the director directly 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 transaction was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder Berkshire Hathaway Inc sold 7,685 shares of Liberty Media Corporation – Liberty Live Series C 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 completion of the transaction, the insider owned 10,587,143 shares in the company, valued at approximately $886,355,611.96. This represents a 0.07% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 497,554 shares of company stock valued at $43,484,018.

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.