HB Wealth Management LLC Makes New $2.03 Million Investment in Liberty Media Corporation – Liberty Live Series C $LLYVK

HB Wealth Management LLC acquired a new stake in shares of Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor acquired 20,953 shares of the company’s stock, valued at approximately $2,032,000.

Several other hedge funds have also added to or reduced their stakes in the business. Geode Capital Management LLC boosted its stake in shares of Liberty Media Corporation – Liberty Live Series C by 1.5% during the second quarter. Geode Capital Management LLC now owns 831,062 shares of the company’s stock valued at $67,460,000 after purchasing an additional 12,443 shares during the period. Wealth Enhancement Advisory Services LLC boosted its position in Liberty Media Corporation – Liberty Live Series C by 2.3% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 12,471 shares of the company’s stock valued at $1,018,000 after buying an additional 280 shares during the period. Highbridge Capital Management LLC grew its holdings in Liberty Media Corporation – Liberty Live Series C by 13.6% in the 2nd quarter. Highbridge Capital Management LLC now owns 131,960 shares of the company’s stock worth $10,710,000 after acquiring an additional 15,809 shares during the last quarter. Amundi increased its position in shares of Liberty Media Corporation – Liberty Live Series C by 19.3% in the second quarter. Amundi now owns 214,190 shares of the company’s stock valued at $17,189,000 after acquiring an additional 34,596 shares during the period. Finally, Legal & General Group Plc raised its stake in shares of Liberty Media Corporation – Liberty Live Series C by 26.0% during the second quarter. Legal & General Group Plc now owns 64,225 shares of the company’s stock valued at $5,213,000 after acquiring an additional 13,257 shares during the last quarter. 60.36% of the stock is owned by institutional investors.

Liberty Media Corporation – Liberty Live Series C Price Performance

Shares of NASDAQ LLYVK opened at $82.03 on Friday. Liberty Media Corporation – Liberty Live Series C has a 1 year low of $60.55 and a 1 year high of $102.62. The stock has a market capitalization of $7.54 billion, a P/E ratio of -21.25 and a beta of 1.40. The company’s 50-day moving average is $83.01 and its 200 day moving average is $87.57.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Liberty Media Corporation – Liberty Live Series C in a report on Wednesday, October 8th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Liberty Media Corporation – Liberty Live Series C has a consensus rating of “Reduce”.

Insider Activity

In other news, Director Chase Carey sold 83,536 shares of the firm’s stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $96.95, for a total value of $8,098,815.20. Following the completion of the transaction, the director owned 94,356 shares in the company, valued at $9,147,814.20. This trade represents a 46.96% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

About Liberty Media Corporation – Liberty Live Series C

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.