ABC Arbitrage SA Acquires Shares of 3,662 Liberty Media Corporation - Liberty Live Series C (NASDAQ:LLYVK)

Key Points

• ABC Arbitrage SA has acquired 3,662 shares of Liberty Media Corporation - Liberty Live Series C (NASDAQ: LLYVK), with a total value of approximately $250,000.
• Other institutional investors, including Versant Capital Management and PNC Financial Services Group, have also increased their holdings, reflecting a growing interest in Liberty Media's stock among institutional investors.
• Liberty Media Corporation reported a loss of ($0.18) earnings per share for the last quarter, missing analysts' expectations significantly.

ABC Arbitrage SA purchased a new position in Liberty Media Corporation - Liberty Live Series C (NASDAQ:LLYVK - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 3,662 shares of the company's stock, valued at approximately $250,000.

Other institutional investors also recently bought and sold shares of the company. American Century Companies Inc. purchased a new position in shares of Liberty Media Corporation - Liberty Live Series C during the 4th quarter valued at about $505,000. Prudential Financial Inc. purchased a new position in Liberty Media Corporation - Liberty Live Series C in the 4th quarter worth approximately $966,000. Pictet Asset Management Holding SA lifted its holdings in Liberty Media Corporation - Liberty Live Series C by 16.0% in the 4th quarter. Pictet Asset Management Holding SA now owns 6,598 shares of the company's stock worth $449,000 after purchasing an additional 911 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in Liberty Media Corporation - Liberty Live Series C by 380.3% in the 4th quarter. Russell Investments Group Ltd. now owns 13,694 shares of the company's stock worth $932,000 after purchasing an additional 10,843 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in Liberty Media Corporation - Liberty Live Series C by 255.6% in the 4th quarter. Renaissance Technologies LLC now owns 170,700 shares of the company's stock worth $11,618,000 after purchasing an additional 122,700 shares in the last quarter. 60.36% of the stock is owned by hedge funds and other institutional investors.

Liberty Media Corporation - Liberty Live Series C Stock Up 2.2%

NASDAQ LLYVK traded up $1.87 during trading hours on Friday, reaching $86.51. The company's stock had a trading volume of 430,983 shares, compared to its average volume of 377,656. The firm's 50-day moving average price is $80.43 and its 200-day moving average price is $74.95. Liberty Media Corporation - Liberty Live Series C has a 1 year low of $37.28 and a 1 year high of $89.65. The company has a market capitalization of $7.95 billion, a price-to-earnings ratio of -27.73 and a beta of 1.40.

Liberty Media Corporation - Liberty Live Series C (NASDAQ:LLYVK - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported ($1.93) EPS for the quarter, missing analysts' consensus estimates of $1.22 by ($3.15).

Insider Activity

In other news, Director Chase Carey sold 50,000 shares of the company's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $94.60, for a total transaction of $4,730,000.00. Following the sale, the director directly owned 93,102 shares of the company's stock, valued at $8,807,449.20. This represents a 34.94% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

About Liberty Media Corporation - Liberty Live Series C

Liberty Live Group operates in the media, communications, and entertainment industries primarily in North America and the United Kingdom. The company is headquartered in Englewood, Colorado.