Corvex Management LP Has $1.13 Million Stock 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 holdings 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 Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,643 shares of the company's stock after selling 562,735 shares during the period. Liberty Media Corporation - Liberty Live Series C comprises 0.0% of Corvex Management LP's portfolio, making the stock its 29th largest holding. Corvex Management LP's holdings in Liberty Media Corporation - Liberty Live Series C were worth $1,134,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of LLYVK. Raymond James Financial Inc. acquired a new stake in Liberty Media Corporation - Liberty Live Series C during the fourth quarter worth $730,000. First Trust Advisors LP acquired a new stake in Liberty Media Corporation - Liberty Live Series C during the fourth quarter worth $1,608,000. Price T Rowe Associates Inc. MD boosted its stake in Liberty Media Corporation - Liberty Live Series C by 7.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 32,068 shares of the company's stock worth $2,183,000 after buying an additional 2,349 shares in the last quarter. Northern Trust Corp boosted its stake in Liberty Media Corporation - Liberty Live Series C by 20.2% during the fourth quarter. Northern Trust Corp now owns 242,694 shares of the company's stock worth $16,518,000 after buying an additional 40,753 shares in the last quarter. Finally, BNP Paribas Financial Markets acquired a new stake in Liberty Media Corporation - Liberty Live Series C during the fourth quarter worth $14,553,000. Institutional investors and hedge funds own 60.36% of the company's stock.

Liberty Media Corporation - Liberty Live Series C Stock Down 0.1%

LLYVK traded down $0.11 during trading on Tuesday, reaching $100.18. 117,094 shares of the company's stock were exchanged, compared to its average volume of 389,764. The business has a 50 day moving average price of $87.79 and a 200 day moving average price of $77.72. Liberty Media Corporation - Liberty Live Series C has a fifty-two week low of $38.57 and a fifty-two week high of $100.45. The company has a market capitalization of $9.20 billion, a P/E ratio of -32.10 and a beta of 1.41.

Liberty Media Corporation - Liberty Live Series C (NASDAQ:LLYVK - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported ($1.93) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.22 by ($3.15).

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.