JNE Partners LLP Has $113.76 Million Stock Position in Liberty Media Corporation – Liberty Live Series C $LLYVK

JNE Partners LLP trimmed its stake in Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) by 9.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,173,090 shares of the company’s stock after selling 127,800 shares during the period. Liberty Media Corporation – Liberty Live Series C comprises about 48.4% of JNE Partners LLP’s investment portfolio, making the stock its largest position. JNE Partners LLP owned 1.28% of Liberty Media Corporation – Liberty Live Series C worth $113,755,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently bought and sold shares of the stock. Principal Financial Group Inc. boosted its stake in shares of Liberty Media Corporation – Liberty Live Series C by 791.0% in the 3rd quarter. Principal Financial Group Inc. now owns 1,688,466 shares of the company’s stock valued at $163,734,000 after purchasing an additional 1,498,972 shares in the last quarter. Bamco Inc. NY increased its position in shares of Liberty Media Corporation – Liberty Live Series C by 2.9% during the 3rd quarter. Bamco Inc. NY now owns 1,458,910 shares of the company’s stock worth $141,471,000 after purchasing an additional 41,512 shares in the last quarter. Geode Capital Management LLC boosted its position in Liberty Media Corporation – Liberty Live Series C by 1.5% in the second quarter. Geode Capital Management LLC now owns 831,062 shares of the company’s stock valued at $67,460,000 after buying an additional 12,443 shares in the last quarter. State Street Corp boosted its position in Liberty Media Corporation – Liberty Live Series C by 2.2% in the second quarter. State Street Corp now owns 825,898 shares of the company’s stock valued at $67,030,000 after buying an additional 17,989 shares in the last quarter. Finally, Norges Bank bought a new stake in Liberty Media Corporation – Liberty Live Series C during the second quarter worth about $58,978,000. 60.36% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

LLYVK has been the subject of several recent analyst reports. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Liberty Media Corporation – Liberty Live Series C in a report on Thursday, January 22nd. Wall Street Zen raised Liberty Media Corporation – Liberty Live Series C to a “sell” rating in a report on Saturday, February 28th. Finally, 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. Two analysts have rated the stock with a Sell rating, According to data from MarketBeat, the company has a consensus rating of “Sell”.

Insiders Place Their Bets

In other news, Director Chase Carey sold 83,536 shares of the firm’s stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $96.95, for a total value of $8,098,815.20. Following the transaction, the director owned 94,356 shares of the company’s stock, 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 Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Berkshire Hathaway Inc sold 7,685 shares of Liberty Media Corporation – Liberty Live Series C stock in a transaction that occurred on Friday, January 16th. The stock was sold at an average price of $83.72, for a total transaction of $643,388.20. Following the sale, the insider owned 10,587,143 shares of the company’s stock, valued at approximately $886,355,611.96. This represents a 0.07% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 497,554 shares of company stock valued at $43,484,018.

Liberty Media Corporation – Liberty Live Series C Stock Performance

NASDAQ:LLYVK opened at $92.04 on Monday. The stock’s fifty day moving average price is $89.25 and its two-hundred day moving average price is $89.03. 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 $8.46 billion, a price-to-earnings ratio of -177.00 and a beta of 1.25.

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.