Liberty Media Corporation – Liberty Live Series C (LLYVK) to Post Quarterly Earnings on Thursday

Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) is expected to release its results before the market opens on Thursday, August 6th. Analysts expect the company to announce earnings of $0.42 per share and revenue of $93.6280 million for the quarter.

Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) last posted 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 the consensus estimate of $70.40 million. On average, analysts expect Liberty Media Corporation – Liberty Live Series C to post $-3 EPS for the current fiscal year and $-3 EPS for the next fiscal year.

Liberty Media Corporation – Liberty Live Series C Stock Performance

NASDAQ:LLYVK opened at $103.70 on Thursday. The firm’s fifty day moving average is $100.79 and its two-hundred day moving average is $95.56. The firm has a market cap of $9.54 billion, a price-to-earnings ratio of -29.29 and a beta of 0.94. Liberty Media Corporation – Liberty Live Series C has a one year low of $76.93 and a one year high of $108.97.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Wall Street Zen raised Liberty Media Corporation – Liberty Live Series C from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Zacks Research raised Liberty Media Corporation – Liberty Live Series C from a “strong sell” rating to a “hold” rating in a report on Friday, July 10th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Liberty Media Corporation – Liberty Live Series C in a research report on Friday, May 29th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Liberty Media Corporation – Liberty Live Series C currently has an average rating of “Reduce”.

Institutional Trading of Liberty Media Corporation – Liberty Live Series C

Several hedge funds and other institutional investors have recently added to or reduced their stakes in LLYVK. Dimensional Fund Advisors LP purchased a new position in Liberty Media Corporation – Liberty Live Series C in the fourth quarter valued at $34,303,000. Woodline Partners LP purchased a new stake in shares of Liberty Media Corporation – Liberty Live Series C during the 3rd quarter worth about $21,766,000. Amundi boosted its stake in shares of Liberty Media Corporation – Liberty Live Series C by 98.9% during the 3rd quarter. Amundi now owns 425,952 shares of the company’s stock worth $38,357,000 after acquiring an additional 211,762 shares in the last quarter. Balyasny Asset Management L.P. acquired a new stake in shares of Liberty Media Corporation – Liberty Live Series C during the 4th quarter valued at about $13,232,000. Finally, Deutsche Bank AG increased its stake in shares of Liberty Media Corporation – Liberty Live Series C by 9.8% in the 4th quarter. Deutsche Bank AG now owns 1,526,760 shares of the company’s stock valued at $126,965,000 after purchasing an additional 136,833 shares in the last quarter. Institutional investors and hedge funds own 60.36% of the company’s stock.

About Liberty Media Corporation – Liberty Live Series C

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.