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 decreased its position in shares of Liberty Media Corporation - Liberty Live Series C (NASDAQ:LLYVK - Free Report) by 30.7% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 142,678 shares of the company's stock after selling 63,227 shares during the quarter. Bank of Nova Scotia owned about 0.16% of Liberty Media Corporation - Liberty Live Series C worth $9,722,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. grew its position in shares of Liberty Media Corporation - Liberty Live Series C by 15.5% during the 1st 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 during the period. Principal Financial Group Inc. grew its position in shares of Liberty Media Corporation - Liberty Live Series C by 0.3% during the 1st quarter. Principal Financial Group Inc. now owns 189,428 shares of the company's stock worth $12,908,000 after buying an additional 500 shares during the period. Versant Capital Management Inc grew its position in shares of Liberty Media Corporation - Liberty Live Series C by 410.9% during the 1st quarter. Versant Capital Management Inc now owns 751 shares of the company's stock worth $51,000 after buying an additional 604 shares during the period. KBC Group NV lifted its holdings in shares of Liberty Media Corporation - Liberty Live Series C by 24.5% in the 1st quarter. KBC Group NV now owns 3,394 shares of the company's stock worth $231,000 after purchasing an additional 667 shares in the last quarter. Finally, S&CO Inc. lifted its holdings in shares of Liberty Media Corporation - Liberty Live Series C by 0.4% in the 1st quarter. S&CO Inc. now owns 175,945 shares of the company's stock worth $11,988,000 after purchasing an additional 730 shares in the last quarter. Institutional investors own 60.36% of the company's stock.

Insider Activity

In related news, Director Chase Carey sold 50,000 shares of the stock in a transaction on Monday, May 12th. The stock was sold at an average price of $94.60, for a total value of $4,730,000.00. Following the transaction, the director directly owned 93,102 shares in the company, valued at $8,807,449.20. This trade represents a 34.94% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Liberty Media Corporation - Liberty Live Series C Stock Up 4.2%

Shares of LLYVK opened at $86.06 on Tuesday. Liberty Media Corporation - Liberty Live Series C has a 12-month low of $35.26 and a 12-month high of $88.31. The business's fifty day moving average is $79.49 and its 200 day moving average is $74.58. The stock has a market cap of $7.90 billion, a P/E ratio of 318.74 and a beta of 1.40.

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

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.

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