Allspring Global Investments Holdings LLC Decreases Holdings in Liberty Media Corporation - Liberty Live Series C $LLYVK

Key Points

• Allspring Global Investments Holdings LLC reduced its stake in Liberty Media Corporation - Liberty Live Series C by 9.3%, now holding approximately 714,721 shares valued at $57.46 million.
• Competing changes in investor positions include a 203.3% increase by Northwestern Mutual Wealth Management and new stakes from State of Wyoming and Quantbot Technologies.
• Liberty Media reported a disappointing quarterly result, with EPS of ($1.93) versus analyst expectations of $1.22, which may influence stock sentiment.

Allspring Global Investments Holdings LLC cut its holdings in shares of Liberty Media Corporation - Liberty Live Series C (NASDAQ:LLYVK - Free Report) by 9.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 714,721 shares of the company's stock after selling 73,188 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.78% of Liberty Media Corporation - Liberty Live Series C worth $57,456,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in LLYVK. Northwestern Mutual Wealth Management Co. increased its holdings in Liberty Media Corporation - Liberty Live Series C by 203.3% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 458 shares of the company's stock worth $31,000 after acquiring an additional 307 shares during the last quarter. State of Wyoming purchased a new stake in Liberty Media Corporation - Liberty Live Series C in the 1st quarter worth about $54,000. CWM LLC increased its holdings in Liberty Media Corporation - Liberty Live Series C by 31.4% in the 2nd quarter. CWM LLC now owns 1,085 shares of the company's stock worth $88,000 after acquiring an additional 259 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in Liberty Media Corporation - Liberty Live Series C by 15.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,592 shares of the company's stock worth $108,000 after acquiring an additional 214 shares during the last quarter. Finally, Quantbot Technologies LP purchased a new stake in Liberty Media Corporation - Liberty Live Series C in the 1st quarter worth about $121,000. 60.36% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Liberty Media Corporation - Liberty Live Series C Stock Down 0.9%

LLYVK stock opened at $88.16 on Wednesday. The firm has a market capitalization of $8.10 billion, a PE ratio of -28.26 and a beta of 1.37. Liberty Media Corporation - Liberty Live Series C has a twelve month low of $54.20 and a twelve month high of $102.62. The stock has a 50-day simple moving average of $94.44 and a two-hundred day simple moving average of $82.36.

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

Liberty Media Corporation - Liberty Live Series C Company Profile

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.

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