In a notable move within the financial markets, Victory Capital Management Inc. has recently scaled back its holdings in Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) shares. This adjustment, revealed in their latest filing with the Securities and Exchange Commission (SEC), saw the investment firm reduce its position by 2.4% during the first quarter.

Specifically, Victory Capital Management divested 240 shares, bringing its total ownership to 9,854 shares of Liberty Media’s stock. At the close of the most recent quarter, the value of Victory Capital Management Inc.’s investment in Liberty Media Corporation – Liberty Live Series C stood at an estimated $671,000, underscoring the firm’s strategic decision-making in its portfolio management.

Beyond Victory Capital, a broader trend of institutional investor activity around Liberty Media Corporation – Liberty Live Series C shares has been observed. T. Rowe Price Investment Management Inc., for instance, significantly increased its stake by 25.8% in the fourth quarter. This substantial acquisition added 1,427,968 shares, elevating their total holdings to 6,968,861 shares, valued at an impressive $474,301,000.

Similarly, Vanguard Group Inc., another major institutional player, boosted its position in LLYVK shares by a more modest but still significant 1.2% during the fourth quarter. This increment involved purchasing an additional 56,026 shares, bringing their ownership to 4,759,475 shares, with a valuation of approximately $323,930,000.

Perhaps one of the most aggressive moves came from ValueAct Holdings L.P., which dramatically amplified its stake in Liberty Media Corporation – Liberty Live Series C by a staggering 136.9% in the fourth quarter. This surge was due to the acquisition of an additional 1,831,288 shares, resulting in a total of 3,168,788 shares worth $215,668,000.

Further institutional interest was demonstrated by D. E. Shaw & Co. Inc., which saw a 2.7% increase in its LLYVK holdings in the fourth quarter, adding 41,717 shares to reach 1,567,869 shares valued at $106,709,000. JNE Partners LLP also grew its holdings by 28.5% in the same period, acquiring 288,390 shares, pushing their total to 1,300,890 shares valued at $88,539,000. Overall, institutional investors and hedge funds collectively own a significant 60.36% of the stock, indicating strong professional interest.

In related corporate news, a director of Liberty Media Corporation – Liberty Live Series C executed a notable transaction on Monday, May 12th, selling 50,000 shares of company stock. The sale, conducted at an average price of $94.60 per share, amounted to a total transaction value of $4,730,000.00. Following this sale, the director’s remaining ownership stands at 93,102 shares, valued at $8,807,449.20, representing a 34.94% decrease in their personal stake.

The company also recently disclosed its quarterly earnings results on Wednesday, May 7th, reporting a loss of ($0.18) earnings per share. This figure fell short of analysts’ consensus estimates of $0.04 by ($0.22), potentially influencing investor sentiment and market reactions to the stock.

Liberty Live Group operates primarily within the media, communications, and entertainment sectors, with a significant presence across North America and the United Kingdom. Headquartered in Englewood, Colorado, the company continues to navigate a dynamic market landscape characterized by ongoing investor activity and financial performance indicators.