Bank of Nova Scotia Sells 63,227 Shares of Liberty Media Corporation - Liberty Live Series C (NASDAQ:LLYVK)

Key Points

• Bank of Nova Scotia reduced its stake in Liberty Media Corporation - Liberty Live Series C by 30.7%, selling 63,227 shares, and now holds 142,678 shares worth approximately $9.72 million.
• Other hedge funds, such as PNC Financial Services and Principal Financial Group, also adjusted their positions, with PNC increasing its stake by 15.5%.
• Liberty Media Corporation reported a loss of ($0.18) earnings per share for the latest quarter, falling short of analysts' estimates, and its stock is currently trading around $86.06.

Bank of Nova Scotia reduced its stake in Liberty Media Corporation - Liberty Live Series C (NASDAQ:LLYVK - Free Report) by 30.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 142,678 shares of the company's stock after selling 63,227 shares during the period. Bank of Nova Scotia owned approximately 0.16% of Liberty Media Corporation - Liberty Live Series C worth $9,722,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in LLYVK. Versant Capital Management Inc lifted its stake in Liberty Media Corporation - Liberty Live Series C by 410.9% in the 1st quarter. Versant Capital Management Inc now owns 751 shares of the company's stock worth $51,000 after purchasing an additional 604 shares in the last quarter. PNC Financial Services Group Inc. raised its position in shares of Liberty Media Corporation - Liberty Live Series C by 15.5% in the first quarter. PNC Financial Services Group Inc. now owns 1,592 shares of the company's stock worth $108,000 after buying an additional 214 shares in the last quarter. Sterling Capital Management LLC raised its position in shares of Liberty Media Corporation - Liberty Live Series C by 49.8% in the fourth quarter. Sterling Capital Management LLC now owns 2,782 shares of the company's stock worth $189,000 after buying an additional 925 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in Liberty Media Corporation - Liberty Live Series C by 142.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,825 shares of the company's stock valued at $192,000 after buying an additional 1,662 shares during the period. Finally, KBC Group NV grew its position in Liberty Media Corporation - Liberty Live Series C by 24.5% during the first quarter. KBC Group NV now owns 3,394 shares of the company's stock worth $231,000 after buying an additional 667 shares in the last quarter. 60.36% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Chase Carey sold 50,000 shares of the 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 completion of the sale, the director owned 93,102 shares of the company's stock, valued at approximately $8,807,449.20. This represents a 34.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Liberty Media Corporation - Liberty Live Series C Stock Up 2.6%

Shares of NASDAQ LLYVK traded up $2.20 during mid-day trading on Friday, reaching $86.84. 225,859 shares of the company were exchanged, compared to its average volume of 388,967. Liberty Media Corporation - Liberty Live Series C has a 52 week low of $37.28 and a 52 week high of $89.65. The company's 50 day moving average price is $80.15 and its 200 day moving average price is $74.83. The stock has a market capitalization of $7.98 billion, a PE ratio of 321.39 and a beta of 1.40.

Liberty Media Corporation - Liberty Live Series C (NASDAQ:LLYVK - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported ($0.18) earnings per share for the quarter, missing analysts' consensus estimates of $0.04 by ($0.22).

Liberty Media Corporation - Liberty Live Series C 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.