ING Groep NV Trims Stock Holdings in Liberty Media Corporation - Liberty Live Series C (NASDAQ:LLYVK)

Key Points

• ING Groep NV reduced its position in Liberty Media Corporation - Liberty Live Series C by 44.1%, holding 96,200 shares worth approximately $6.56 million after selling 75,800 shares in the first quarter.
• Other institutional investors, including T. Rowe Price and ValueAct Holdings, significantly increased their stakes in the company, indicating growing investor interest.
• Liberty Media Corporation - Liberty Live Series C reported a loss of $0.18 earnings per share for the last quarter, missing the consensus estimate by $0.22.

ING Groep NV lessened its position in Liberty Media Corporation - Liberty Live Series C (NASDAQ:LLYVK - Free Report) by 44.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 96,200 shares of the company's stock after selling 75,800 shares during the quarter. ING Groep NV owned 0.10% of Liberty Media Corporation - Liberty Live Series C worth $6,555,000 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. ValueAct Holdings L.P. lifted its position in shares of Liberty Media Corporation - Liberty Live Series C by 136.9% in the 4th quarter. ValueAct Holdings L.P. now owns 3,168,788 shares of the company's stock worth $215,668,000 after purchasing an additional 1,831,288 shares during the period. T. Rowe Price Investment Management Inc. raised its holdings in Liberty Media Corporation - Liberty Live Series C by 25.8% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 6,968,861 shares of the company's stock worth $474,301,000 after purchasing an additional 1,427,968 shares in the last quarter. JNE Partners LLP lifted its position in shares of Liberty Media Corporation - Liberty Live Series C by 28.5% during the fourth 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 last quarter. Sculptor Capital LP boosted its holdings in shares of Liberty Media Corporation - Liberty Live Series C by 45.0% in the 4th quarter. Sculptor Capital LP now owns 888,500 shares of the company's stock valued at $60,471,000 after buying an additional 275,647 shares in the last quarter. Finally, BNP Paribas Financial Markets purchased a new position in shares of Liberty Media Corporation - Liberty Live Series C in the 4th quarter worth approximately $14,553,000. 60.36% of the stock is owned by hedge funds and other institutional investors.

Liberty Media Corporation - Liberty Live Series C Stock Performance

LLYVK stock traded down $0.39 during midday trading on Thursday, reaching $84.64. The stock had a trading volume of 321,457 shares, compared to its average volume of 366,819. Liberty Media Corporation - Liberty Live Series C has a 52-week low of $36.85 and a 52-week high of $88.31. The stock has a market cap of $7.77 billion, a PE ratio of 313.48 and a beta of 1.40. The firm has a fifty day simple moving average of $80.15 and a two-hundred day simple moving average of $74.83.

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

Insider Activity

In other Liberty Media Corporation - Liberty Live Series C news, Director Chase Carey sold 50,000 shares of the firm's stock in a transaction 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 $8,807,449.20. This trade represents a 34.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Liberty Media Corporation - Liberty Live Series C Company 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.