Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) Stock: Insider John Malone Acquires 28,333 Shares

Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) major shareholder John Malone purchased 28,333 shares of Liberty Media Corporation – Liberty Live Series C stock in a transaction dated Thursday, September 24th. The shares were purchased at an average price of $102.53 per share, with a total value of $2,904,982.49. Following the completion of the acquisition, the insider owned 2,298,438 shares in the company, valued at $235,658,848.14. The trade was a 1.25% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Liberty Media Corporation – Liberty Live Series C Stock Up 0.6%

LLYVK stock traded up $0.56 during trading hours on Monday, hitting $99.92. The company’s stock had a trading volume of 283,903 shares, compared to its average volume of 363,633. The company has a market capitalization of $9.19 billion, a PE ratio of -22.06 and a beta of 0.97. The stock has a 50 day moving average price of $101.86 and a two-hundred day moving average price of $99.38. Liberty Media Corporation – Liberty Live Series C has a 12 month low of $76.93 and a 12 month high of $109.75.

Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) last announced its quarterly earnings results on Thursday, August 6th. The company reported ($2.92) EPS for the quarter, missing the consensus estimate of $0.42 by ($3.34). The business had revenue of $147.06 million during the quarter, compared to the consensus estimate of $93.63 million. Sell-side analysts expect that Liberty Media Corporation – Liberty Live Series C will post -7.69 earnings per share for the current year.

Institutional Trading of Liberty Media Corporation – Liberty Live Series C

Large investors have recently added to or reduced their stakes in the company. Western Wealth Management LLC acquired a new position in shares of Liberty Media Corporation – Liberty Live Series C in the 1st quarter worth approximately $29,000. EverSource Wealth Advisors LLC grew its holdings in Liberty Media Corporation – Liberty Live Series C by 83.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 507 shares of the company’s stock worth $48,000 after acquiring an additional 230 shares during the last quarter. GAMMA Investing LLC increased its position in Liberty Media Corporation – Liberty Live Series C by 21.8% in the 2nd quarter. GAMMA Investing LLC now owns 654 shares of the company’s stock valued at $69,000 after acquiring an additional 117 shares in the last quarter. Versant Capital Management Inc increased its holdings in shares of Liberty Media Corporation – Liberty Live Series C by 35.4% in the second quarter. Versant Capital Management Inc now owns 1,112 shares of the company’s stock valued at $117,000 after purchasing an additional 291 shares in the last quarter. Finally, Bessemer Group Inc. increased its holdings in shares of Liberty Media Corporation – Liberty Live Series C by 11.5% in the first quarter. Bessemer Group Inc. now owns 1,472 shares of the company’s stock valued at $139,000 after purchasing an additional 152 shares in the last quarter. 60.36% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on LLYVK shares. Wall Street Zen raised shares of Liberty Media Corporation – Liberty Live Series C from a “sell” rating to a “hold” rating in a report on Saturday, September 5th. Zacks Research downgraded Liberty Media Corporation – Liberty Live Series C from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 12th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Liberty Media Corporation – Liberty Live Series C in a research note on Wednesday, August 26th. Two equities research analysts have rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Liberty Media Corporation – Liberty Live Series C Company Profile

Liberty Media Corporation’s Liberty Live Series C tracking stock represents an economic interest in the Liberty Live Group, a group of assets and businesses attributed to Liberty Media. The Liberty Live Group is primarily associated with Liberty Media’s investment in Live Nation Entertainment, a global live entertainment company involved in concert promotion, venue operations and ticketing through brands such as Ticketmaster.

The group also includes QuintEvents, a provider of hospitality, travel and experiential packages for major sports and entertainment events.