MAI Capital Management Sells 2,688 Shares of Liberty Media Corporation - Liberty Live Series C $LLYVK

Key Points

• MAI Capital Management has reduced its stake in Liberty Media Corporation - Liberty Live Series C by 15.6%, now owning 14,496 shares valued at approximately $988,000.
• Other hedge funds, including Kodai Capital Management and GABELLI & Co, have increased their holdings in Liberty Media, indicating ongoing institutional interest in the stock.
• Liberty Media reported a significant earnings miss with an EPS of ($1.93), falling short of the consensus estimate of $1.22.

MAI Capital Management lowered its position in shares of Liberty Media Corporation - Liberty Live Series C (NASDAQ:LLYVK - Free Report) by 15.6% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 14,496 shares of the company's stock after selling 2,688 shares during the period. MAI Capital Management's holdings in Liberty Media Corporation - Liberty Live Series C were worth $988,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Kodai Capital Management LP grew its position in shares of Liberty Media Corporation - Liberty Live Series C by 7.2% during the first quarter. Kodai Capital Management LP now owns 143,614 shares of the company's stock worth $9,786,000 after acquiring an additional 9,610 shares during the last quarter. State of Wyoming bought a new position in Liberty Media Corporation - Liberty Live Series C in the 1st quarter valued at about $54,000. GABELLI & Co INVESTMENT ADVISERS INC. grew its position in Liberty Media Corporation - Liberty Live Series C by 22.1% in the 1st quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 25,541 shares of the company's stock valued at $1,740,000 after buying an additional 4,625 shares in the last quarter. Findlay Park Partners LLP grew its position in 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 buying an additional 500 shares in the last quarter. Finally, FORA Capital LLC bought a new position in shares of Liberty Media Corporation - Liberty Live Series C during the 1st quarter valued at about $436,000. Institutional investors own 60.36% of the company's stock.

Liberty Media Corporation - Liberty Live Series C Stock Performance

Shares of NASDAQ:LLYVK traded down $0.31 during trading hours on Tuesday, hitting $99.97. 79,027 shares of the company's stock traded hands, compared to its average volume of 389,487. Liberty Media Corporation - Liberty Live Series C has a 52 week low of $38.57 and a 52 week high of $100.45. The company's fifty day simple moving average is $87.79 and its two-hundred day simple moving average is $77.72. The company has a market cap of $9.19 billion, a price-to-earnings ratio of -32.02 and a beta of 1.41.

Liberty Media Corporation - Liberty Live Series C (NASDAQ:LLYVK - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported ($1.93) 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.