Chase Carey Sells 83,536 Shares of Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) Stock

Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) Director Chase Carey sold 83,536 shares of the business’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 transaction, the director directly owned 94,356 shares of the company’s stock, 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 SEC, which is accessible through this link.

Chase Carey also recently made the following trade(s):

• On Tuesday, December 16th, Chase Carey sold 83,500 shares of Liberty Media Corporation – Liberty Live Series C stock. The shares were sold at an average price of $95.79, for a total transaction of $7,998,465.00.

Liberty Media Corporation – Liberty Live Series C Price Performance

LLYVK stock opened at $84.40 on Friday. The stock has a market cap of $7.76 billion, a price-to-earnings ratio of -21.87 and a beta of 1.41. The company has a 50 day simple moving average of $85.32 and a 200 day simple moving average of $86.82. Liberty Media Corporation – Liberty Live Series C has a 1 year low of $60.55 and a 1 year high of $102.62.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of LLYVK. Voya Investment Management LLC increased its stake in shares of Liberty Media Corporation – Liberty Live Series C by 2.9% in the first quarter. Voya Investment Management LLC now owns 5,802 shares of the company’s stock valued at $395,000 after buying an additional 164 shares during the period. Simon Quick Advisors LLC boosted its holdings in Liberty Media Corporation – Liberty Live Series C by 5.3% in the second 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 last quarter. Arizona State Retirement System boosted its holdings in Liberty Media Corporation – Liberty Live Series C by 1.5% in the third quarter. Arizona State Retirement System now owns 13,198 shares of the company’s stock valued at $1,280,000 after acquiring an additional 198 shares during the last quarter. PNC Financial Services Group Inc. increased its position in Liberty Media Corporation – Liberty Live Series C by 15.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,592 shares of the company’s stock valued at $108,000 after purchasing an additional 214 shares during the period. Finally, State Board of Administration of Florida Retirement System raised its holdings in Liberty Media Corporation – Liberty Live Series C by 0.4% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 52,532 shares of the company’s stock worth $4,263,000 after purchasing an additional 220 shares during the last quarter. 60.36% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently weighed in on LLYVK shares. Weiss Ratings reissued a “sell (d)” rating on shares of Liberty Media Corporation – Liberty Live Series C in a report on Wednesday, October 8th. Zacks Research raised Liberty Media Corporation – Liberty Live Series C to a “hold” rating in a research note on Tuesday, September 9th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has an average 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.