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Corvex Management LP Lowers Position in Liberty Media Corporation - Liberty Live Series A $LLYVA

Liberty Media Corporation - Liberty Live Series A logo with Utilities background

Key Points

  • Corvex Management LP reduced its holdings in Liberty Media Corporation - Liberty Live Series A by 33.4%, now owning roughly $68.66 million worth of shares.
  • Other institutional investors, including Vanguard Group and ValueAct Holdings, have also made significant adjustments to their stakes in Liberty Media, reflecting ongoing market interest.
  • Liberty Media Corporation's stock has been trading around $93.65, with a recent earnings report showing a significant miss with earnings per share at ($1.93) compared to expectations of $1.22.
  • Five stocks to consider instead of Liberty Media Corporation - Liberty Live Series A.

Corvex Management LP lowered its position in Liberty Media Corporation - Liberty Live Series A (NASDAQ:LLYVA - Free Report) by 33.4% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 1,021,144 shares of the company's stock after selling 513,078 shares during the quarter. Liberty Media Corporation - Liberty Live Series A comprises 2.6% of Corvex Management LP's investment portfolio, making the stock its 14th largest holding. Corvex Management LP owned approximately 1.11% of Liberty Media Corporation - Liberty Live Series A worth $68,662,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in LLYVA. AQR Capital Management LLC boosted its position in Liberty Media Corporation - Liberty Live Series A by 14.9% during the first quarter. AQR Capital Management LLC now owns 9,907 shares of the company's stock worth $666,000 after purchasing an additional 1,285 shares during the period. State of Wyoming purchased a new stake in shares of Liberty Media Corporation - Liberty Live Series A during the 1st quarter valued at approximately $112,000. Quantbot Technologies LP purchased a new stake in shares of Liberty Media Corporation - Liberty Live Series A during the 1st quarter valued at approximately $190,000. American Century Companies Inc. boosted its holdings in Liberty Media Corporation - Liberty Live Series A by 100.9% in the 1st quarter. American Century Companies Inc. now owns 6,793 shares of the company's stock worth $457,000 after buying an additional 3,412 shares during the period. Finally, Nuveen LLC purchased a new position in Liberty Media Corporation - Liberty Live Series A in the 1st quarter valued at approximately $3,218,000. 25.07% of the stock is currently owned by institutional investors.

Liberty Media Corporation - Liberty Live Series A Stock Performance

LLYVA stock traded up $3.51 during midday trading on Monday, reaching $97.39. 105,430 shares of the company's stock traded hands, compared to its average volume of 136,073. The firm has a market capitalization of $8.95 billion, a PE ratio of -31.21 and a beta of 1.39. The company has a 50-day moving average price of $85.21 and a two-hundred day moving average price of $76.02. Liberty Media Corporation - Liberty Live Series A has a 52 week low of $37.85 and a 52 week high of $97.57.

Liberty Media Corporation - Liberty Live Series A (NASDAQ:LLYVA - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The company reported ($1.93) earnings per share for the quarter, missing the consensus estimate of $1.22 by ($3.15).

Liberty Media Corporation - Liberty Live Series A Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Liberty Media Corporation - Liberty Live Series A (NASDAQ:LLYVA)

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