Liberty Media Corporation – Liberty Live Series C $LLYVK Shares Bought by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. lifted its stake in Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) by 21.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,859 shares of the company’s stock after buying an additional 7,006 shares during the period. Assenagon Asset Management S.A.’s holdings in Liberty Media Corporation – Liberty Live Series C were worth $3,315,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of LLYVK. Principal Financial Group Inc. boosted its holdings in Liberty Media Corporation – Liberty Live Series C by 791.0% in the 3rd quarter. Principal Financial Group Inc. now owns 1,688,466 shares of the company’s stock worth $163,734,000 after acquiring an additional 1,498,972 shares during the period. Norges Bank purchased a new position in shares of Liberty Media Corporation – Liberty Live Series C in the second quarter valued at $58,978,000. JPMorgan Chase & Co. grew its holdings in Liberty Media Corporation – Liberty Live Series C by 118.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 568,468 shares of the company’s stock valued at $46,137,000 after purchasing an additional 307,902 shares in the last quarter. Bamco Inc. NY increased its stake in Liberty Media Corporation – Liberty Live Series C by 19.2% during the 2nd quarter. Bamco Inc. NY now owns 1,417,398 shares of the company’s stock worth $115,036,000 after buying an additional 228,040 shares during the period. Finally, Woodline Partners LP purchased a new stake in Liberty Media Corporation – Liberty Live Series C during the 3rd quarter worth $21,766,000. Institutional investors and hedge funds own 60.36% of the company’s stock.

Liberty Media Corporation – Liberty Live Series C Stock Performance

LLYVK stock opened at $88.69 on Monday. The firm has a 50 day simple moving average of $91.24 and a 200-day simple moving average of $88.69. The company has a market capitalization of $8.15 billion, a P/E ratio of -170.56 and a beta of 1.25. Liberty Media Corporation – Liberty Live Series C has a twelve month low of $60.55 and a twelve month high of $102.62.

Analyst Ratings Changes

A number of equities analysts have weighed in on LLYVK shares. Weiss Ratings reissued a “sell (d)” rating on shares of Liberty Media Corporation – Liberty Live Series C in a research report on Thursday, January 22nd. Zacks Research lowered 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, Wall Street Zen upgraded Liberty Media Corporation – Liberty Live Series C to a “sell” rating in a research note on Saturday, February 28th. Two investment analysts have rated the stock with a Sell rating, Based on data from MarketBeat.com, Liberty Media Corporation – Liberty Live Series C presently has a consensus rating of “Sell”.

Insiders Place Their Bets

In other news, major shareholder Berkshire Hathaway Inc sold 66,568 shares of the business’s stock in a transaction dated Monday, January 12th. The shares were sold at an average price of $83.27, for a total value of $5,543,117.36. Following the completion of the sale, the insider owned 10,703,007 shares of the company’s stock, valued at approximately $891,239,392.89. The trade was a 0.62% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Over the last ninety days, insiders have sold 330,518 shares of company stock worth $27,386,738.

Liberty Media Corporation – Liberty Live Series C Profile

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.