Swiss National Bank Reduces Stake in Liberty Media Corporation
The Swiss National Bank has decreased its holdings in Liberty Media Corporation – Liberty Live Series A (NASDAQ: LLYVA) by 1.5% during the first quarter of 2024. According to its latest 13F filing with the Securities and Exchange Commission (SEC), the institutional investor sold 600 shares, bringing its total to 39,676 shares valued at approximately $2,668,000.
Other institutional investors have made significant changes to their positions in Liberty Media Corporation as well. Notably, Parallel Advisors LLC increased its stake by an impressive 170.8% in the same quarter, acquiring an additional 357 shares to bring its total to 566 shares valued at $38,000.
Tower Research Capital LLC also expanded its investment, raising its position by 215.0% during the fourth quarter of 2023. Following the acquisition of 929 shares, Tower Research now holds 1,361 shares worth $91,000. JNE Partners LLP established a new position in the same period, investing approximately $222,000 in Liberty Media Corporation.
Additionally, Universal Beteiligungs und Servicegesellschaft mbH invested around $234,000 in a new position during the first quarter, while HB Wealth Management LLC raised its stake by 4.9%, acquiring an extra 179 shares to reach a total of 3,841 shares, valued at $258,000. Currently, institutional investors hold 25.07% of Liberty Media Corporation – Liberty Live Series A.
Stock Performance and Market Overview
As of the latest trading session, shares of Liberty Media Corporation – Liberty Live Series A opened at $92.47. The stock has experienced substantial fluctuations, with a twelve-month low of $37.30 and a twelve-month high of $92.84. Its average performance metrics include a fifty-day simple moving average of $81.93 and a two-hundred day simple moving average of $74.82. The company boasts a market capitalization of $8.50 billion and a price-to-earnings ratio of -29.64, alongside a beta of 1.38.
Liberty Media Corporation operates primarily within the media, communications, and entertainment sectors, focusing on markets in North America and the United Kingdom. Headquartered in Englewood, Colorado, the company continues to navigate a competitive landscape in the evolving media industry.
