Illinois Municipal Retirement Fund Buys 5,400 Shares of Liberty Media Corporation – Liberty Live Series C $LLYVK

Illinois Municipal Retirement Fund boosted its position in Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) by 35.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 20,838 shares of the company’s stock after purchasing an additional 5,400 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Liberty Media Corporation – Liberty Live Series C were worth $2,021,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. TD Private Client Wealth LLC bought a new position in shares of Liberty Media Corporation – Liberty Live Series C in the 3rd quarter worth about $26,000. Mather Group LLC. purchased a new stake in Liberty Media Corporation – Liberty Live Series C in the third quarter worth about $43,000. CWM LLC lifted its holdings in shares of Liberty Media Corporation – Liberty Live Series C by 31.4% during the second quarter. CWM LLC now owns 1,085 shares of the company’s stock valued at $88,000 after purchasing an additional 259 shares during the last quarter. Quent Capital LLC purchased a new position in shares of Liberty Media Corporation – Liberty Live Series C during the third quarter valued at approximately $104,000. Finally, Bessemer Group Inc. boosted its position in shares of Liberty Media Corporation – Liberty Live Series C by 579.3% in the 3rd quarter. Bessemer Group Inc. now owns 1,216 shares of the company’s stock worth $118,000 after purchasing an additional 1,037 shares in the last quarter. Institutional investors own 60.36% of the company’s stock.

Insider Transactions at Liberty Media Corporation – Liberty Live Series C

In other Liberty Media Corporation – Liberty Live Series C news, Director Chase Carey sold 83,536 shares of the stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $96.95, for a total transaction of $8,098,815.20. Following the sale, the director directly owned 94,356 shares in the company, valued at approximately $9,147,814.20. This trade represents a 46.96% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Liberty Media Corporation – Liberty Live Series C in a research report on Thursday, January 22nd. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce”.

Liberty Media Corporation – Liberty Live Series C Stock Performance

Shares of NASDAQ LLYVK opened at $93.21 on Tuesday. The firm’s 50 day moving average price is $84.38 and its 200-day moving average price is $88.20. Liberty Media Corporation – Liberty Live Series C has a 52-week low of $60.55 and a 52-week high of $102.62. The company has a market cap of $8.57 billion, a PE ratio of -24.15 and a beta of 1.40.

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.