Pinnacle Associates Ltd. Lowers Stock Position in Liberty Media Corporation - Liberty Live Series A (NASDAQ:LLYVA)

Key Points

• Pinnacle Associates Ltd. reduced its stake in Liberty Media Corporation - Liberty Live Series A (NASDAQ:LLYVA) by 4.6%, now holding 80,354 shares worth approximately $5.4 million.
• In the last quarter, several other institutional investors, including ValueAct Holdings L.P. and Pentwater Capital Management LP, significantly increased their holdings in the company.
• Liberty Media Corporation - Liberty Live Series A reported a loss of $0.18 per share in its latest earnings announcement, missing the consensus estimate by $0.22.

Pinnacle Associates Ltd. trimmed its position in Liberty Media Corporation - Liberty Live Series A (NASDAQ:LLYVA - Free Report) by 4.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 80,354 shares of the company's stock after selling 3,858 shares during the quarter. Pinnacle Associates Ltd. owned approximately 0.09% of Liberty Media Corporation - Liberty Live Series A worth $5,403,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Parallel Advisors LLC boosted its position in Liberty Media Corporation - Liberty Live Series A by 170.8% during the 1st quarter. Parallel Advisors LLC now owns 566 shares of the company's stock valued at $38,000 after buying an additional 357 shares during the period. Sterling Capital Management LLC lifted its stake in shares of Liberty Media Corporation - Liberty Live Series A by 65.2% in the 4th quarter. Sterling Capital Management LLC now owns 1,178 shares of the company's stock valued at $78,000 after purchasing an additional 465 shares during the period. Tower Research Capital LLC TRC boosted its holdings in shares of Liberty Media Corporation - Liberty Live Series A by 215.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,361 shares of the company's stock valued at $91,000 after buying an additional 929 shares in the last quarter. JNE Partners LLP bought a new position in shares of Liberty Media Corporation - Liberty Live Series A during the fourth quarter valued at approximately $222,000. Finally, American Century Companies Inc. purchased a new position in Liberty Media Corporation - Liberty Live Series A during the fourth quarter valued at $225,000. 25.07% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Chase Carey sold 100,000 shares of Liberty Media Corporation - Liberty Live Series A stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $96.38, for a total transaction of $9,638,000.00. Following the completion of the sale, the director owned 93,102 shares of the company's stock, valued at $8,973,170.76. The trade was a 51.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Liberty Media Corporation - Liberty Live Series A Stock Down 0.4%

NASDAQ:LLYVA traded down $0.37 during trading hours on Tuesday, hitting $83.01. 281,125 shares of the stock traded hands, compared to its average volume of 131,480. Liberty Media Corporation - Liberty Live Series A has a 1 year low of $34.56 and a 1 year high of $85.21. The stock has a 50 day moving average price of $77.24 and a 200 day moving average price of $72.64. The company has a market cap of $7.62 billion, a price-to-earnings ratio of 306.83 and a beta of 1.38.

Liberty Media Corporation - Liberty Live Series A (NASDAQ:LLYVA - Get Free Report) last posted its quarterly earnings data 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).

About Liberty Media Corporation - Liberty Live Series A

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.