Corvex Management LP Reduces Position in Liberty Media Corporation - Liberty Live Series C $LLYVK

Key Points

• Corvex Management LP drastically reduced its stake in Liberty Media Corporation - Liberty Live Series C by 97.1%, selling 562,735 shares and retaining only 16,643 shares.
• Despite the reduction by Corvex, other institutional investors such as Principal Financial Group Inc. and KBC Group NV have either boosted or acquired shares, indicating mixed sentiments among investors.
• The stock's performance shows significant volatility, with a 1-year low of $37.76 and a high of $98.71, currently trading around $96.33.

Corvex Management LP lowered its stake in shares of Liberty Media Corporation - Liberty Live Series C (NASDAQ:LLYVK - Free Report) by 97.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,643 shares of the company's stock after selling 562,735 shares during the quarter. Liberty Media Corporation - Liberty Live Series C accounts for about 0.0% of Corvex Management LP's portfolio, making the stock its 29th largest position. Corvex Management LP's holdings in Liberty Media Corporation - Liberty Live Series C were worth $1,134,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. PNC Financial Services Group Inc. increased its stake in shares of Liberty Media Corporation - Liberty Live Series C by 15.5% during the first quarter. PNC Financial Services Group Inc. now owns 1,592 shares of the company's stock worth $108,000 after buying an additional 214 shares during the period. Northwestern Mutual Wealth Management Co. lifted its stake in 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 acquiring an additional 307 shares during the last quarter. Fox Run Management L.L.C. grew its holdings in Liberty Media Corporation - Liberty Live Series C by 11.7% during the 1st quarter. Fox Run Management L.L.C. now owns 4,271 shares of the company's stock worth $291,000 after acquiring an additional 446 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of Liberty Media Corporation - Liberty Live Series C by 0.3% in the 1st quarter. Principal Financial Group Inc. now owns 189,428 shares of the company's stock valued at $12,908,000 after purchasing an additional 500 shares during the last quarter. Finally, Findlay Park Partners LLP raised its holdings in shares of Liberty Media Corporation - Liberty Live Series C by 1.3% in the 1st quarter. Findlay Park Partners LLP now owns 37,674 shares of the company's stock valued at $2,567,000 after purchasing an additional 500 shares in the last quarter. 60.36% of the stock is currently owned by institutional investors and hedge funds.

Liberty Media Corporation - Liberty Live Series C Trading Up 3.7%

Shares of LLYVK stock traded up $3.60 on Monday, reaching $100.28. 444,585 shares of the stock were exchanged, compared to its average volume of 391,399. The company has a market capitalization of $9.21 billion, a price-to-earnings ratio of -32.14 and a beta of 1.41. The business's 50 day moving average price is $87.41 and its 200 day moving average price is $77.57. Liberty Media Corporation - Liberty Live Series C has a twelve month low of $38.57 and a twelve month high of $100.45.

Liberty Media Corporation - Liberty Live Series C (NASDAQ:LLYVK - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The company reported ($1.93) EPS for the quarter, missing the consensus estimate 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.