Rhumbline Advisers Reduces Position in Liberty Media Corporation - Liberty Live Series A $LLYVA

Key Points

• Rhumbline Advisers has reduced its stake in Liberty Media Corporation - Liberty Live Series A by 11.7%, bringing its holdings to 20,881 shares valued at approximately $1.4 million.
• Several institutional investors, including Parallel Advisors LLC and State of Wyoming, have also made significant adjustments to their positions in Liberty Media, indicating a growing interest in the stock.
• Liberty Media's stock has been recently upgraded to a "hold" rating by Zacks Research, with a current market recognition reflecting volatility, having a 1-year low of $41.84 and a high of $99.63.

Rhumbline Advisers lowered its stake in Liberty Media Corporation - Liberty Live Series A (NASDAQ:LLYVA - Free Report) by 11.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,881 shares of the company's stock after selling 2,771 shares during the quarter. Rhumbline Advisers' holdings in Liberty Media Corporation - Liberty Live Series A were worth $1,404,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Liberty Media Corporation - Liberty Live Series A by 0.9% in the first quarter. Vanguard Group Inc. now owns 2,021,655 shares of the company's stock valued at $135,936,000 after buying an additional 18,871 shares during the period. Pentwater Capital Management LP increased its stake in shares of Liberty Media Corporation - Liberty Live Series A by 0.6% in the first quarter. Pentwater Capital Management LP now owns 615,000 shares of the company's stock valued at $41,353,000 after buying an additional 3,500 shares during the period. Deutsche Bank AG increased its stake in shares of Liberty Media Corporation - Liberty Live Series A by 567.7% in the first quarter. Deutsche Bank AG now owns 548,176 shares of the company's stock valued at $36,859,000 after buying an additional 466,082 shares during the period. Wealthquest Corp acquired a new stake in Liberty Media Corporation - Liberty Live Series A during the 1st quarter valued at approximately $25,108,000. Finally, JNE Partners LLP increased its position in Liberty Media Corporation - Liberty Live Series A by 7,067.8% during the 1st quarter. JNE Partners LLP now owns 240,121 shares of the company's stock valued at $16,146,000 after purchasing an additional 236,771 shares during the period. Institutional investors and hedge funds own 25.07% of the company's stock.

Liberty Media Corporation - Liberty Live Series A Price Performance

Shares of NASDAQ LLYVA traded up $0.48 during mid-day trading on Monday, reaching $94.53. 72,297 shares of the company's stock were exchanged, compared to its average volume of 136,121. The firm has a market capitalization of $8.69 billion, a price-to-earnings ratio of -30.30 and a beta of 1.39. Liberty Media Corporation - Liberty Live Series A has a 52 week low of $42.13 and a 52 week high of $99.63. The firm has a 50-day moving average price of $88.94 and a two-hundred day moving average price of $77.75.

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

Wall Street Analyst Weigh In

Separately, Zacks Research raised shares of Liberty Media Corporation - Liberty Live Series A to a "hold" rating in a research report on Tuesday, September 9th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock has a consensus rating of "Hold".

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.