FNY Investment Advisers LLC Buys New Position in Liberty Media Corporation – Liberty Live Series C $LLYVK

FNY Investment Advisers LLC purchased a new position in shares of Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) during the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 5,000 shares of the company’s stock, valued at approximately $528,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Norges Bank purchased a new position in shares of Liberty Media Corporation – Liberty Live Series C during the fourth quarter valued at approximately $61,546,000. T. Rowe Price Investment Management Inc. grew its stake in Liberty Media Corporation – Liberty Live Series C by 5.6% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 10,315,091 shares of the company’s stock worth $857,803,000 after acquiring an additional 551,011 shares during the period. Dimensional Fund Advisors LP acquired a new position in Liberty Media Corporation – Liberty Live Series C in the 4th quarter valued at $34,303,000. Woodline Partners LP acquired a new position in Liberty Media Corporation – Liberty Live Series C in the 3rd quarter valued at $21,766,000. Finally, Amundi lifted 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 purchasing an additional 211,762 shares during the period. 60.36% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. 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. Zacks Research raised Liberty Media Corporation – Liberty Live Series C from a “strong sell” rating to a “hold” rating in a research note on Friday, July 10th. Finally, Wall Street Zen raised Liberty Media Corporation – Liberty Live Series C from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce”.

Liberty Media Corporation – Liberty Live Series C Price Performance

NASDAQ:LLYVK opened at $102.80 on Friday. The firm has a 50-day moving average of $101.45 and a two-hundred day moving average of $96.44. The stock has a market cap of $9.46 billion, a P/E ratio of -22.69 and a beta of 0.97. Liberty Media Corporation – Liberty Live Series C has a 1-year low of $76.93 and a 1-year high of $108.97.

Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) last issued its quarterly 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 for the quarter, compared to analyst estimates of $93.63 million. As a group, equities analysts expect that Liberty Media Corporation – Liberty Live Series C will post -3.3 earnings per share for the current year.

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.