Hound Partners LLC Has $13.97 Million Position in Liberty Media Corporation – Liberty Live Series C $LLYVK

Hound Partners LLC trimmed its stake in Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) by 34.3% in the third quarter, HoldingsChannel reports. The firm owned 144,022 shares of the company’s stock after selling 75,172 shares during the period. Liberty Media Corporation – Liberty Live Series C makes up about 1.8% of Hound Partners LLC’s portfolio, making the stock its 13th largest position. Hound Partners LLC’s holdings in Liberty Media Corporation – Liberty Live Series C were worth $13,966,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Principal Financial Group Inc. raised its holdings in shares of Liberty Media Corporation – Liberty Live Series C by 791.0% during the third quarter. Principal Financial Group Inc. now owns 1,688,466 shares of the company’s stock valued at $163,734,000 after purchasing an additional 1,498,972 shares during the period. Geode Capital Management LLC grew its stake in shares of Liberty Media Corporation – Liberty Live Series C by 1.5% in the 2nd 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 Liberty Media Corporation – Liberty Live Series C in the 3rd quarter valued at about $2,032,000. Greenland Capital Management LP raised 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 buying an additional 21,101 shares during the period. Finally, Highbridge Capital Management LLC raised its stake in Liberty Media Corporation – Liberty Live Series C by 13.6% during the 2nd 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 during the period. 60.36% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Zacks Research cut Liberty Media Corporation – Liberty Live Series C from a “hold” rating to a “strong sell” rating in a research note on Wednesday, March 4th. Wall Street Zen raised Liberty Media Corporation – Liberty Live Series C to a “sell” rating in a research report on Saturday, February 28th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Liberty Media Corporation – Liberty Live Series C in a report on Thursday, January 22nd. Two equities research analysts have rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Liberty Media Corporation – Liberty Live Series C Stock Down 2.8%

Shares of Liberty Media Corporation – Liberty Live Series C stock opened at $92.04 on Monday. Liberty Media Corporation – Liberty Live Series C has a 52 week low of $60.55 and a 52 week high of $102.62. The business has a 50 day moving average price of $89.25 and a 200-day moving average price of $89.03. The company has a market cap of $8.46 billion, a PE ratio of -177.00 and a beta of 1.25.

Insider Transactions at Liberty Media Corporation – Liberty Live Series C

In other Liberty Media Corporation – Liberty Live Series C news, major shareholder Berkshire Hathaway Inc sold 7,685 shares of the 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 sale, the insider owned 10,587,143 shares in the company, valued at approximately $886,355,611.96. This trade represents a 0.07% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Chase Carey sold 83,536 shares of Liberty Media Corporation – Liberty Live Series C stock in a transaction 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 sale, the director owned 94,356 shares in the company, valued at $9,147,814.20. This trade represents a 46.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 497,554 shares of company stock valued at $43,484,018 over the last ninety days.

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.