Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) Hits New 52-Week High – Here’s Why

Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK)’s share price reached a new 52-week high during trading on Friday . The company traded as high as $109.20 and last traded at $109.35, with a volume of 36466 shares trading hands. The stock had previously closed at $107.87.

Analyst Ratings Changes

Several equities research analysts have weighed in on LLYVK shares. Zacks Research downgraded Liberty Media Corporation – Liberty Live Series C from a “hold” rating to a “strong sell” rating in a report on Wednesday. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Liberty Media Corporation – Liberty Live Series C in a research report on Friday, May 29th. 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. Two research analysts have rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average rating of “Sell”.

Liberty Media Corporation – Liberty Live Series C Price Performance

The business’s fifty day moving average price is $102.22 and its two-hundred day moving average price is $97.16. The stock has a market capitalization of $10.07 billion, a PE ratio of -24.16 and a beta of 0.97.

Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) last issued its earnings results on Thursday, August 6th. The company reported ($2.92) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($3.34). The company had revenue of $147.06 million during the quarter, compared to the consensus estimate of $93.63 million. As a group, equities research analysts anticipate that Liberty Media Corporation – Liberty Live Series C will post -7.69 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Liberty Media Corporation – Liberty Live Series C

A number of large investors have recently bought and sold shares of the company. AQR Capital Management LLC raised its position in Liberty Media Corporation – Liberty Live Series C by 47.6% during the 1st quarter. AQR Capital Management LLC now owns 14,639 shares of the company’s stock worth $983,000 after buying an additional 4,719 shares during the last quarter. Jane Street Group LLC acquired a new stake in shares of Liberty Media Corporation – Liberty Live Series C in the first quarter worth $1,018,000. Invesco Ltd. increased its stake in shares of Liberty Media Corporation – Liberty Live Series C by 9.1% in the second quarter. Invesco Ltd. now owns 96,925 shares of the company’s stock worth $7,866,000 after acquiring an additional 8,110 shares during the period. First Trust Advisors LP raised its holdings in shares of Liberty Media Corporation – Liberty Live Series C by 63.5% during the second quarter. First Trust Advisors LP now owns 61,354 shares of the company’s stock worth $4,979,000 after purchasing an additional 23,827 shares during the last quarter. Finally, State Street Corp raised its holdings in shares of Liberty Media Corporation – Liberty Live Series C by 2.2% during the second quarter. State Street Corp now owns 825,898 shares of the company’s stock worth $67,030,000 after purchasing an additional 17,989 shares during the last quarter. Hedge funds and other institutional investors own 60.36% of the company’s stock.

Liberty Media Corporation – Liberty Live Series C Company 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.