Liberty Media Corporation – Liberty Live Series A $LLYVA Shares Acquired by Highbridge Capital Management LLC

Highbridge Capital Management LLC raised its stake in Liberty Media Corporation – Liberty Live Series A (NASDAQ:LLYVA) by 15.9% during the 3rd quarter, HoldingsChannel reports. The firm owned 208,179 shares of the company’s stock after acquiring an additional 28,602 shares during the period. Highbridge Capital Management LLC’s holdings in Liberty Media Corporation – Liberty Live Series A were worth $19,631,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Principal Financial Group Inc. raised its position in Liberty Media Corporation – Liberty Live Series A by 933.4% in the third quarter. Principal Financial Group Inc. now owns 384,482 shares of the company’s stock worth $36,257,000 after acquiring an additional 347,275 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Liberty Media Corporation – Liberty Live Series A by 56.1% in the second quarter. JPMorgan Chase & Co. now owns 386,705 shares of the company’s stock valued at $30,735,000 after purchasing an additional 139,055 shares in the last quarter. Greenland Capital Management LP grew its holdings in Liberty Media Corporation – Liberty Live Series A by 6.0% during the 2nd quarter. Greenland Capital Management LP now owns 30,876 shares of the company’s stock valued at $2,454,000 after buying an additional 1,748 shares during the last quarter. Ethic Inc. purchased a new stake in Liberty Media Corporation – Liberty Live Series A during the 2nd quarter worth about $333,000. Finally, Norges Bank purchased a new stake in shares of Liberty Media Corporation – Liberty Live Series A during the second quarter worth about $9,767,000. 25.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Liberty Media Corporation – Liberty Live Series A in a research note on Thursday, January 22nd. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Reduce”.

Liberty Media Corporation – Liberty Live Series A Trading Up 1.5%

NASDAQ:LLYVA opened at $95.44 on Friday. Liberty Media Corporation – Liberty Live Series A has a twelve month low of $59.45 and a twelve month high of $99.63. The firm has a market capitalization of $8.77 billion, a price-to-earnings ratio of -24.73 and a beta of 1.37. The firm’s fifty day simple moving average is $83.34 and its 200 day simple moving average is $86.05.

Insider Activity at Liberty Media Corporation – Liberty Live Series A

In other news, Director Chase Carey sold 83,536 shares of Liberty Media Corporation – Liberty Live Series A stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $96.95, for a total transaction of $8,098,815.20. Following the sale, the director owned 94,356 shares in the company, valued at $9,147,814.20. This trade represents a 46.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Berkshire Hathaway Inc sold 7,685 shares of Liberty Media Corporation – Liberty Live Series A stock in a transaction 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 directly owned 10,587,143 shares in the company, valued at $886,355,611.96. This trade represents a 0.07% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 497,554 shares of company stock valued at $43,484,018 in the last ninety days.

Liberty Media Corporation – Liberty Live Series A Profile

Liberty Media Corporation – Liberty Live Group Series A (NASDAQ:LLYVA) is a Class A tracking stock of Liberty Media Corporation that is focused on the company’s live sports and entertainment businesses. Headquartered in Englewood, Colorado, Liberty Media was founded in 1991 as a successor to Tele-Communications, Inc, and has since evolved into a diversified holding company. The Liberty Live Group tracking stock provides investors with direct exposure to a portfolio of live sports franchises and related enterprises within the broader Liberty Media framework.

The primary asset underlying the Liberty Live Group is a 100% ownership interest in the Atlanta Braves, one of Major League Baseball’s premier franchises based at Truist Park in Atlanta, Georgia.