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

SG Americas Securities LLC lifted its position in shares of Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) by 1,012.6% in the fourth quarter, HoldingsChannel.com reports. The firm owned 609,399 shares of the company’s stock after purchasing an additional 554,625 shares during the period. SG Americas Securities LLC’s holdings in Liberty Media Corporation – Liberty Live Series C were worth $50,678,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. TD Private Client Wealth LLC purchased a new position in Liberty Media Corporation – Liberty Live Series C during the 3rd quarter valued at about $26,000. Kelleher Financial Advisors bought a new position in Liberty Media Corporation – Liberty Live Series C during the 3rd quarter valued at approximately $26,000. Mather Group LLC. purchased a new stake in Liberty Media Corporation – Liberty Live Series C in the 3rd quarter worth approximately $43,000. Schroder Investment Management Group bought a new stake in shares of Liberty Media Corporation – Liberty Live Series C in the 3rd quarter worth approximately $57,000. Finally, Aster Capital Management DIFC Ltd bought a new stake in shares of Liberty Media Corporation – Liberty Live Series C in the 3rd quarter worth approximately $83,000. 60.36% of the stock is owned by institutional investors.

Liberty Media Corporation – Liberty Live Series C Stock Performance

LLYVK stock opened at $93.61 on Wednesday. Liberty Media Corporation – Liberty Live Series C has a fifty-two week low of $60.55 and a fifty-two week high of $102.62. The company has a market capitalization of $8.61 billion, a price-to-earnings ratio of -180.02 and a beta of 1.26. The business’s 50 day moving average price is $90.78 and its two-hundred day moving average price is $88.87.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on LLYVK shares. Wall Street Zen upgraded Liberty Media Corporation – Liberty Live Series C to a “sell” rating in a report on Saturday, February 28th. Zacks Research cut shares of Liberty Media Corporation – Liberty Live Series C from a “hold” rating to a “strong sell” rating in a report on Wednesday, March 4th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Liberty Media Corporation – Liberty Live Series C in a research report on Thursday, January 22nd. Two research analysts have rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of “Sell”.

Insider Buying and Selling at Liberty Media Corporation – Liberty Live Series C

In related news, major shareholder Berkshire Hathaway Inc sold 7,685 shares of the company’s stock in a transaction on Friday, January 16th. The stock was sold at an average price of $83.72, for a total value of $643,388.20. Following the sale, the insider directly owned 10,587,143 shares of the company’s stock, valued at $886,355,611.96. This represents a 0.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders sold 330,518 shares of company stock worth $27,386,738 in the last 90 days.

Liberty Media Corporation – Liberty Live Series C Company 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.