Geode Capital Management LLC Boosts Stock Position in Liberty Media Corporation – Liberty Live Series C $LLYVK

Geode Capital Management LLC raised its stake in shares of Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) by 1.2% in the 4th quarter, Holdings Channel reports. The fund owned 884,548 shares of the company’s stock after acquiring an additional 10,106 shares during the quarter. Geode Capital Management LLC’s holdings in Liberty Media Corporation – Liberty Live Series C were worth $73,582,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in LLYVK. Kelleher Financial Advisors purchased a new stake in Liberty Media Corporation – Liberty Live Series C during the 3rd quarter valued at approximately $26,000. Global Retirement Partners LLC acquired a new position in Liberty Media Corporation – Liberty Live Series C during the 4th quarter worth approximately $43,000. Schroder Investment Management Group acquired a new position in Liberty Media Corporation – Liberty Live Series C during the 3rd quarter worth approximately $57,000. Aster Capital Management DIFC Ltd acquired a new position in Liberty Media Corporation – Liberty Live Series C during the 3rd quarter worth approximately $83,000. Finally, Bessemer Group Inc. increased its position in Liberty Media Corporation – Liberty Live Series C by 579.3% during the 3rd quarter. Bessemer Group Inc. now owns 1,216 shares of the company’s stock worth $118,000 after purchasing an additional 1,037 shares during the period. 60.36% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on LLYVK. 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. Zacks Research cut Liberty Media Corporation – Liberty Live Series C from a “hold” rating to a “strong sell” rating in a research report on Monday, June 1st. Finally, Wall Street Zen upgraded Liberty Media Corporation – Liberty Live Series C from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Two investment analysts have rated the stock with a Sell rating, According to data from MarketBeat.com, Liberty Media Corporation – Liberty Live Series C presently has a consensus rating of “Sell”.

Liberty Media Corporation – Liberty Live Series C Stock Performance

Shares of LLYVK stock opened at $92.68 on Tuesday. The stock has a fifty day moving average price of $96.30 and a 200 day moving average price of $90.38. The stock has a market cap of $8.53 billion, a PE ratio of -26.18 and a beta of 0.97. Liberty Media Corporation – Liberty Live Series C has a 1 year low of $73.10 and a 1 year high of $102.62.

Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) last issued its quarterly earnings data on Thursday, May 7th. The company reported ($3.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($3.07). The company had revenue of $63.62 million during the quarter, compared to analysts’ expectations of $70.40 million. As a group, equities research analysts predict that Liberty Media Corporation – Liberty Live Series C will post -3.3 earnings per share for the current year.

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.