SG Americas Securities LLC Buys 554,625 Shares of Liberty Media Corporation - Liberty Live Series C $LLYVK

Key Points

• SG Americas Securities boosted its stake in Liberty Media - Liberty Live Series C by 1,012.6% in Q4, acquiring an additional 554,625 shares to hold 609,399 shares (≈0.66%) valued at about $50.68 million.
• Analyst sentiment is negative: Zacks cut LLYVK to a "strong sell" and other firms (Weiss Ratings, Wall Street Zen) rate it "sell," leaving a consensus rating of "Sell".
• Berkshire Hathaway sold 66,568 shares on Jan 12 (a 0.62% reduction) and insiders sold 330,518 shares worth $27.39 million in the last quarter, while institutional investors own about 60.36% of the stock.

SG Americas Securities LLC lifted its stake in shares of Liberty Media Corporation - Liberty Live Series C (NASDAQ:LLYVK - Free Report) by 1,012.6% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 609,399 shares of the company's stock after acquiring an additional 554,625 shares during the period. SG Americas Securities LLC owned approximately 0.66% of Liberty Media Corporation - Liberty Live Series C worth $50,678,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in LLYVK. TD Private Client Wealth LLC purchased a new stake in Liberty Media Corporation - Liberty Live Series C during the third quarter valued at about $26,000. Kelleher Financial Advisors bought a new stake in Liberty Media Corporation - Liberty Live Series C during the third quarter worth about $26,000. Mather Group LLC. purchased a new position in shares of Liberty Media Corporation - Liberty Live Series C in the 3rd quarter worth about $43,000. Schroder Investment Management Group purchased a new position in shares of Liberty Media Corporation - Liberty Live Series C in the 3rd quarter worth about $57,000. Finally, Aster Capital Management DIFC Ltd bought a new position in shares of Liberty Media Corporation - Liberty Live Series C during the 3rd quarter valued at about $83,000. 60.36% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

LLYVK has been the topic of a number of research reports. Zacks Research cut Liberty Media Corporation - Liberty Live Series C from a "hold" rating to a "strong sell" rating in a report on Wednesday, March 4th. Weiss Ratings reiterated a "sell (d)" rating on shares of Liberty Media Corporation - Liberty Live Series C in a research report on Thursday, January 22nd. Finally, Wall Street Zen raised shares of Liberty Media Corporation - Liberty Live Series C to a "sell" rating in a research note on Saturday, February 28th. Two investment analysts have rated the stock with a Sell rating, Based on data from MarketBeat, Liberty Media Corporation - Liberty Live Series C currently has a consensus rating of "Sell".

Insider Activity

In related news, major shareholder Berkshire Hathaway Inc sold 66,568 shares of Liberty Media Corporation - Liberty Live Series C stock in a transaction on Monday, January 12th. The shares were sold at an average price of $83.27, for a total value of $5,543,117.36. Following the transaction, the insider directly owned 10,703,007 shares of the company's stock, valued at $891,239,392.89. The trade was a 0.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders have sold a total of 330,518 shares of company stock valued at $27,386,738 in the last quarter.

Liberty Media Corporation - Liberty Live Series C Price Performance

Shares of Liberty Media Corporation - Liberty Live Series C stock opened at $93.61 on Wednesday. Liberty Media Corporation - Liberty Live Series C has a one year low of $60.55 and a one year high of $102.62. The business's 50 day simple moving average is $90.78 and its two-hundred day simple moving average is $88.87. The stock has a market capitalization of $8.61 billion, a P/E ratio of -180.02 and a beta of 1.26.

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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