Vanguard Group Inc. Increases Stake in Liberty Media Corporation – Liberty Live Series C $LLYVK

Vanguard Group Inc. increased its holdings in shares of Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) by 1.4% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 4,721,823 shares of the company’s stock after purchasing an additional 63,117 shares during the period. Vanguard Group Inc. owned 0.05% of Liberty Media Corporation – Liberty Live Series C worth $392,667,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. increased its stake in Liberty Media Corporation – Liberty Live Series C by 791.0% during the 3rd quarter. Principal Financial Group Inc. now owns 1,688,466 shares of the company’s stock worth $163,734,000 after buying an additional 1,498,972 shares during the period. 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 buying an additional 21,101 shares during the period. HB Wealth Management LLC purchased a new stake in Liberty Media Corporation – Liberty Live Series C during the 3rd quarter worth approximately $2,032,000. Quantbot Technologies LP purchased a new stake in Liberty Media Corporation – Liberty Live Series C during the 3rd quarter worth approximately $1,790,000. Finally, DAVENPORT & Co LLC increased its stake in Liberty Media Corporation – Liberty Live Series C by 81.7% during the 4th quarter. DAVENPORT & Co LLC now owns 166,490 shares of the company’s stock worth $13,874,000 after buying an additional 74,883 shares during the period. 60.36% of the stock is owned by hedge funds and other institutional investors.

Liberty Media Corporation – Liberty Live Series C Trading Up 4.5%

Shares of NASDAQ:LLYVK opened at $97.51 on Thursday. Liberty Media Corporation – Liberty Live Series C has a 52 week low of $71.48 and a 52 week high of $102.62. The company’s 50 day moving average is $95.72 and its two-hundred day moving average is $88.97. The company has a market cap of $8.96 billion, a PE ratio of -187.52 and a beta of 0.98.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Zacks Research raised shares of Liberty Media Corporation – Liberty Live Series C from a “strong sell” rating to a “hold” rating in a research note on Friday, May 1st. 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. Finally, Wall Street Zen raised shares of Liberty Media Corporation – Liberty Live Series C to a “sell” rating in a research report on Saturday, February 28th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Liberty Media Corporation – Liberty Live Series C presently has an average rating of “Reduce”.

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.