Korea Investment CORP Acquires New Stake in Liberty Media Corporation – Liberty Live Series C $LLYVK

Korea Investment CORP bought a new position in shares of Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 36,071 shares of the company’s stock, valued at approximately $3,498,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. First Trust Advisors LP grew its position in Liberty Media Corporation – Liberty Live Series C by 107.8% in the 3rd quarter. First Trust Advisors LP now owns 127,473 shares of the company’s stock valued at $12,361,000 after acquiring an additional 66,119 shares in the last quarter. Quantbot Technologies LP acquired a new stake in shares of Liberty Media Corporation – Liberty Live Series C during the third quarter worth about $1,790,000. Aster Capital Management DIFC Ltd purchased a new position in shares of Liberty Media Corporation – Liberty Live Series C in the third quarter valued at approximately $83,000. Handelsbanken Fonder AB boosted its stake in shares of Liberty Media Corporation – Liberty Live Series C by 93.5% in the third quarter. Handelsbanken Fonder AB now owns 23,800 shares of the company’s stock valued at $2,308,000 after purchasing an additional 11,500 shares during the period. Finally, Xponance Inc. acquired a new position in shares of Liberty Media Corporation – Liberty Live Series C in the third quarter valued at approximately $217,000. 60.36% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Liberty Media Corporation – Liberty Live Series C Stock Performance

Shares of LLYVK opened at $94.74 on Friday. The stock has a 50-day simple moving average of $89.09 and a 200-day simple moving average of $89.17. The stock has a market capitalization of $8.71 billion, a PE ratio of -182.19 and a beta of 1.26. Liberty Media Corporation – Liberty Live Series C has a 1 year low of $60.55 and a 1 year high of $102.62.

Insider Activity at Liberty Media Corporation – Liberty Live Series C

In related news, major shareholder Berkshire Hathaway Inc sold 7,685 shares of the firm’s stock in a transaction that occurred on Friday, January 16th. The shares were sold at an average price of $83.72, for a total value of $643,388.20. Following the sale, the insider owned 10,587,143 shares of the company’s stock, valued at $886,355,611.96. This trade represents a 0.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Chase Carey sold 83,536 shares of the business’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 transaction of $8,098,815.20. Following the transaction, the director owned 94,356 shares of the company’s stock, valued at $9,147,814.20. This trade represents a 46.96% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 497,554 shares of company stock worth $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.