HB Wealth Management LLC Purchases 7,716 Shares of Liberty Media Corporation - Liberty Live Series C (NASDAQ:LLYVK)

Key Points

• HB Wealth Management LLC increased its holdings in Liberty Media Corporation - Liberty Live Series C by 34.4% during the first quarter, owning 30,149 shares valued at approximately $2,054,000.
• Liberty Media's stock price reached $85.80 during midday trading, with a market capitalization of $7.88 billion and a P/E ratio of 317.78.
• Director Chase Carey sold 50,000 shares at an average price of $94.60, resulting in a 34.94% decrease in his position in the company.

HB Wealth Management LLC grew its holdings in shares of Liberty Media Corporation - Liberty Live Series C (NASDAQ:LLYVK - Free Report) by 34.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 30,149 shares of the company's stock after acquiring an additional 7,716 shares during the period. HB Wealth Management LLC's holdings in Liberty Media Corporation - Liberty Live Series C were worth $2,054,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in LLYVK. ValueAct Holdings L.P. boosted its stake in Liberty Media Corporation - Liberty Live Series C by 136.9% during the fourth quarter. ValueAct Holdings L.P. now owns 3,168,788 shares of the company's stock worth $215,668,000 after acquiring an additional 1,831,288 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its holdings in shares of Liberty Media Corporation - Liberty Live Series C by 25.8% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 6,968,861 shares of the company's stock valued at $474,301,000 after purchasing an additional 1,427,968 shares during the period. Finepoint Capital LP bought a new position in shares of Liberty Media Corporation - Liberty Live Series C during the 4th quarter worth about $55,319,000. Norges Bank bought a new position in shares of Liberty Media Corporation - Liberty Live Series C during the 4th quarter worth about $49,458,000. Finally, JNE Partners LLP grew its stake in shares of Liberty Media Corporation - Liberty Live Series C by 28.5% in the 4th quarter. JNE Partners LLP now owns 1,300,890 shares of the company's stock valued at $88,539,000 after buying an additional 288,390 shares during the period. 60.36% of the stock is owned by institutional investors.

Liberty Media Corporation - Liberty Live Series C Stock Down 2.2%

LLYVK stock traded down $1.89 during mid-day trading on Friday, reaching $82.35. 108,527 shares of the company traded hands, compared to its average volume of 389,473. The firm's 50 day moving average price is $79.19 and its 200 day moving average price is $74.30. The stock has a market cap of $7.56 billion, a price-to-earnings ratio of 304.98 and a beta of 1.41. Liberty Media Corporation - Liberty Live Series C has a fifty-two week low of $35.26 and a fifty-two week high of $88.31.

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

Insider Activity

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

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.