Gabelli Funds LLC Sells 1,702,500 Shares of Liberty Media Corporation - Liberty Live Series C $LLYVK

Key Points

• Gabelli Funds LLC significantly reduced its stake in Liberty Media Corporation - Liberty Live Series C by selling 1,702,500 shares, decreasing its holdings by 90.9% to 170,390 shares.
• T. Rowe Price Investment Management Inc. increased its ownership in Liberty Media by 20.5%, acquiring over 1.4 million additional shares during the first quarter.
• The company reported a quarterly earnings miss with earnings per share of ($1.93), falling short of the consensus estimate by ($3.15).

Gabelli Funds LLC decreased its holdings in Liberty Media Corporation - Liberty Live Series C (NASDAQ:LLYVK - Free Report) by 90.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 170,390 shares of the company's stock after selling 1,702,500 shares during the period. Gabelli Funds LLC owned 0.19% of Liberty Media Corporation - Liberty Live Series C worth $11,610,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. increased its stake in shares of Liberty Media Corporation - Liberty Live Series C by 203.3% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 458 shares of the company's stock worth $31,000 after purchasing an additional 307 shares in the last quarter. Versant Capital Management Inc increased its stake in shares of Liberty Media Corporation - Liberty Live Series C by 410.9% in the first 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. increased its stake 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 purchasing an additional 214 shares in the last quarter. Quantbot Technologies LP purchased a new position in shares of Liberty Media Corporation - Liberty Live Series C in the first quarter worth about $121,000. Finally, Tower Research Capital LLC TRC increased its stake in shares of Liberty Media Corporation - Liberty Live Series C by 142.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,825 shares of the company's stock worth $192,000 after purchasing an additional 1,662 shares in the last quarter. Hedge funds and other institutional investors own 60.36% of the company's stock.

Liberty Media Corporation - Liberty Live Series C Price Performance

Shares of LLYVK traded down $0.02 during trading hours on Monday, hitting $97.38. The company's stock had a trading volume of 283,654 shares, compared to its average volume of 379,544. The company has a market cap of $8.95 billion, a price-to-earnings ratio of -31.21 and a beta of 1.41. The business has a 50 day simple moving average of $85.69 and a two-hundred day simple moving average of $76.97. Liberty Media Corporation - Liberty Live Series C has a 52-week low of $37.76 and a 52-week high of $97.92.

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

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.