Liberty Media Corporation – Liberty Live Series C $LLYVK Shares Bought by UBS Group AG

UBS Group AG grew its position in shares of Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) by 12.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 180,101 shares of the company’s stock after acquiring an additional 19,397 shares during the quarter. UBS Group AG owned about 0.20% of Liberty Media Corporation – Liberty Live Series C worth $14,977,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of LLYVK. Arizona State Retirement System raised its stake in shares of Liberty Media Corporation – Liberty Live Series C by 1.5% during the third quarter. Arizona State Retirement System now owns 13,198 shares of the company’s stock valued at $1,280,000 after purchasing an additional 198 shares in the last quarter. TD Private Client Wealth LLC bought a new stake in shares of Liberty Media Corporation – Liberty Live Series C during the third quarter valued at about $26,000. Kelleher Financial Advisors bought a new stake in shares of Liberty Media Corporation – Liberty Live Series C during the third quarter valued at about $26,000. Nilsine Partners LLC raised its stake in shares of Liberty Media Corporation – Liberty Live Series C by 3.8% during the fourth quarter. Nilsine Partners LLC now owns 8,500 shares of the company’s stock valued at $707,000 after purchasing an additional 315 shares in the last quarter. Finally, Comerica Bank raised its stake in shares of Liberty Media Corporation – Liberty Live Series C by 26.6% during the third quarter. Comerica Bank now owns 2,088 shares of the company’s stock valued at $202,000 after purchasing an additional 439 shares in the last quarter. Institutional investors and hedge funds own 60.36% of the company’s stock.

Liberty Media Corporation – Liberty Live Series C Stock Up 2.3%

Shares of NASDAQ LLYVK opened at $99.19 on Thursday. Liberty Media Corporation – Liberty Live Series C has a fifty-two week low of $71.48 and a fifty-two week high of $102.62. The firm’s 50-day simple moving average is $95.67 and its 200 day simple moving average is $89.12. The stock has a market cap of $9.12 billion, a P/E ratio of -28.02 and a beta of 0.98.

Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) last issued its quarterly earnings results on Thursday, May 7th. The company reported ($3.20) EPS for the quarter, missing the consensus estimate of ($0.13) by ($3.07). The business had revenue of $63.62 million for the quarter, compared to analysts’ expectations of $70.40 million. On average, sell-side analysts anticipate that Liberty Media Corporation – Liberty Live Series C will post -3.3 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

LLYVK has been the topic of a number of recent analyst reports. Zacks Research upgraded shares of Liberty Media Corporation – Liberty Live Series C from a “strong sell” rating to a “hold” rating in a research note on Friday, May 1st. Weiss Ratings restated a “sell (d)” rating on shares of Liberty Media Corporation – Liberty Live Series C in a research note on Thursday, January 22nd. Finally, Wall Street Zen upgraded shares of Liberty Media Corporation – Liberty Live Series C from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Reduce”.

Liberty Media Corporation – Liberty Live Series C 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.