Amundi Sells 38,300 Shares of Liberty Media Corporation - Liberty Live Series C $LLYVK

Key Points

• Amundi cut its LLYVK position by 46.4% in the first quarter, selling 38,300 shares and retaining 44,247 shares valued at approximately $4.16 million.
• Other institutional investors were generally buyers, with Vanguard and Principal Financial increasing their holdings; institutional investors and hedge funds collectively own 60.36% of the stock.
• Analyst sentiment remains cautious, with the stock carrying a “Reduce” consensus rating. LLYVK recently reported a quarterly loss of $2.92 per share, missing the $0.42 consensus estimate, while shares opened at $103.73.

Amundi lessened its position in Liberty Media Corporation - Liberty Live Series C (NASDAQ:LLYVK - Free Report) by 46.4% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 44,247 shares of the company's stock after selling 38,300 shares during the period. Amundi's holdings in Liberty Media Corporation - Liberty Live Series C were worth $4,164,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in LLYVK. Principal Financial Group Inc. raised its stake in Liberty Media Corporation - Liberty Live Series C by 7.4% during the 4th quarter. Principal Financial Group Inc. now owns 1,812,689 shares of the company's stock worth $150,744,000 after buying an additional 124,223 shares during the period. Vanguard Group Inc. raised its position in shares of Liberty Media Corporation - Liberty Live Series C by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 4,721,823 shares of the company's stock worth $392,667,000 after purchasing an additional 63,117 shares during the period. Whitebox Advisors LLC bought a new position in shares of Liberty Media Corporation - Liberty Live Series C during the 1st quarter valued at about $15,192,000. Walleye Capital LLC grew its position in shares of Liberty Media Corporation - Liberty Live Series C by 286.3% in the 1st quarter. Walleye Capital LLC now owns 46,646 shares of the company's stock valued at $4,390,000 after purchasing an additional 34,570 shares during the period. Finally, KBC Group NV increased its stake in Liberty Media Corporation - Liberty Live Series C by 2,064.7% during the 1st quarter. KBC Group NV now owns 41,541 shares of the company's stock worth $3,909,000 after purchasing an additional 39,622 shares in the last quarter. Institutional investors and hedge funds own 60.36% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on LLYVK. Zacks Research raised shares of Liberty Media Corporation - Liberty Live Series C from a "strong sell" rating to a "hold" rating in a research report on Friday, July 10th. Wall Street Zen upgraded Liberty Media Corporation - Liberty Live Series C from a "sell" rating to a "hold" rating in a report on Saturday, May 9th. Finally, Weiss Ratings reiterated a "sell (d-)" rating on shares of Liberty Media Corporation - Liberty Live Series C in a report on Friday, May 29th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Reduce".

Liberty Media Corporation - Liberty Live Series C Trading Up 0.0%

Liberty Media Corporation - Liberty Live Series C stock opened at $103.73 on Friday. Liberty Media Corporation - Liberty Live Series C has a 1-year low of $76.93 and a 1-year high of $108.97. The company has a fifty day simple moving average of $101.37 and a 200 day simple moving average of $96.39. The company has a market cap of $9.54 billion, a P/E ratio of -29.30 and a beta of 0.97.

Liberty Media Corporation - Liberty Live Series C (NASDAQ:LLYVK - Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The company reported ($2.92) earnings per share for the quarter, missing the consensus estimate of $0.42 by ($3.34). On average, equities research analysts forecast that Liberty Media Corporation - Liberty Live Series C will post -3.3 EPS for the current year.

Liberty Media Corporation - Liberty Live Series C Company 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.

Want to see what other hedge funds are holding LLYVK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Liberty Media Corporation - Liberty Live Series C (NASDAQ:LLYVK - Free Report).

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