Liberty Media Corporation - Liberty Live Series C $LLYVK is Bislett Management LLC's 10th Largest Position

Key Points

• Bislett Management LLC trimmed its stake in Liberty Media – Liberty Live Series C by 33.3%, selling 20,000 shares to leave 40,000 shares (2.8% of its portfolio) worth about $3.88 million, making LLYVK its 10th largest position.
• There is active institutional reshuffling and heavy insider selling: Principal Financial boosted its stake by 791% to 1.688 million shares ($163.7M) while insiders have sold a total of 497,554 shares (~$43.5M) in the past 90 days, including sales by Chase Carey and Berkshire Hathaway.
• LLYVK is a Liberty Media tracking stock for Live Nation with a market cap of ~$9.1B and a 1‑year range of $60.55–$102.62; analysts have an average rating of “Sell” and the company shows a negative P/E.

Bislett Management LLC trimmed its position in Liberty Media Corporation - Liberty Live Series C (NASDAQ:LLYVK - Free Report) by 33.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 40,000 shares of the company's stock after selling 20,000 shares during the period. Liberty Media Corporation - Liberty Live Series C accounts for 2.8% of Bislett Management LLC's portfolio, making the stock its 10th biggest position. Bislett Management LLC's holdings in Liberty Media Corporation - Liberty Live Series C were worth $3,879,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Principal Financial Group Inc. increased its stake in shares of Liberty Media Corporation - Liberty Live Series C by 791.0% in the 3rd quarter. Principal Financial Group Inc. now owns 1,688,466 shares of the company's stock worth $163,734,000 after acquiring an additional 1,498,972 shares in the last quarter. Norges Bank bought a new stake in Liberty Media Corporation - Liberty Live Series C during the second quarter worth about $58,978,000. JPMorgan Chase & Co. boosted its stake in Liberty Media Corporation - Liberty Live Series C by 118.2% during the second quarter. JPMorgan Chase & Co. now owns 568,468 shares of the company's stock worth $46,137,000 after acquiring an additional 307,902 shares in the last quarter. Bamco Inc. NY grew its holdings in Liberty Media Corporation - Liberty Live Series C by 19.2% in the second quarter. Bamco Inc. NY now owns 1,417,398 shares of the company's stock worth $115,036,000 after purchasing an additional 228,040 shares during the period. Finally, Finepoint Capital LP grew its holdings in Liberty Media Corporation - Liberty Live Series C by 24.1% in the second quarter. Finepoint Capital LP now owns 537,051 shares of the company's stock worth $43,587,000 after purchasing an additional 104,156 shares during the period. Institutional investors own 60.36% of the company's stock.

Wall Street Analysts Forecast Growth

LLYVK has been the subject of several recent research reports. Wall Street Zen upgraded shares of Liberty Media Corporation - Liberty Live Series C to a "sell" rating in a report on Saturday, February 28th. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Liberty Media Corporation - Liberty Live Series C in a research report on Thursday, January 22nd. Finally, Zacks Research cut Liberty Media Corporation - Liberty Live Series C from a "hold" rating to a "strong sell" rating in a research note on Wednesday, March 4th. Two equities research analysts have rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has an average rating of "Sell".

Insider Activity

In other news, Director Chase Carey sold 83,536 shares of the business's stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $96.95, for a total transaction of $8,098,815.20. Following the completion of the transaction, the director directly owned 94,356 shares of the company's stock, valued at $9,147,814.20. The trade was a 46.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Berkshire Hathaway Inc sold 66,568 shares of the firm's stock in a transaction that occurred on Monday, January 12th. The stock was sold at an average price of $83.27, for a total transaction of $5,543,117.36. Following the completion of the sale, the insider owned 10,703,007 shares in the company, valued at $891,239,392.89. This represents a 0.62% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 497,554 shares of company stock worth $43,484,018 in the last 90 days.

Liberty Media Corporation - Liberty Live Series C Price Performance

Shares of NASDAQ:LLYVK opened at $98.99 on Thursday. Liberty Media Corporation - Liberty Live Series C has a 1 year low of $60.55 and a 1 year high of $102.62. The company has a market cap of $9.10 billion, a P/E ratio of -190.37 and a beta of 1.26. The stock's fifty day moving average price is $88.86 and its 200-day moving average price is $89.13.

Liberty Media Corporation - Liberty Live Series C Profile

Liberty Media Corporation – Liberty Live Series C NASDAQ: LLYVK is a tracking stock designed to reflect the performance of Liberty Media's investment in Live Nation Entertainment. Established in August 2023, the Liberty Live tracking stock allows investors to gain targeted exposure to the live entertainment sector without direct ownership of Liberty Media's other diversified assets. The Series C shares trade separately, offering a clear view of the value and results generated by Live Nation's global operations.

The underlying asset for the Liberty Live Series C shares is Liberty Media's equity stake in Live Nation, one of the world's leading live entertainment companies.

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