Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) Issues Quarterly Earnings Results

Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) posted its quarterly earnings results on Thursday. The company reported ($2.92) EPS for the quarter, missing the consensus estimate of $0.42 by ($3.34), Zacks reports. The business had revenue of $147.06 million during the quarter, compared to the consensus estimate of $93.63 million.

Liberty Media Corporation – Liberty Live Series C Price Performance

LLYVK stock traded down $0.93 during trading on Friday, reaching $102.80. 148,881 shares of the stock traded hands, compared to its average volume of 320,225. The business’s 50 day moving average price is $101.45 and its 200-day moving average price is $96.44. Liberty Media Corporation – Liberty Live Series C has a 52-week low of $76.93 and a 52-week high of $108.97. The firm has a market capitalization of $9.46 billion, a PE ratio of -22.69 and a beta of 0.97.

Hedge Funds Weigh In On Liberty Media Corporation – Liberty Live Series C

Large investors have recently modified their holdings of the company. HighTower Advisors LLC grew its stake in Liberty Media Corporation – Liberty Live Series C by 6.2% during the fourth quarter. HighTower Advisors LLC now owns 3,228 shares of the company’s stock worth $268,000 after buying an additional 189 shares during the period. CIBC Private Wealth Group LLC increased its position in shares of Liberty Media Corporation – Liberty Live Series C by 58.4% in the third quarter. CIBC Private Wealth Group LLC now owns 3,275 shares of the company’s stock worth $318,000 after acquiring an additional 1,207 shares in the last quarter. Utah Retirement Systems purchased a new position in shares of Liberty Media Corporation – Liberty Live Series C in the 3rd quarter valued at $234,000. Sherbrooke Park Advisers LLC purchased a new position in shares of Liberty Media Corporation – Liberty Live Series C in the 3rd quarter valued at $289,000. Finally, NorthRock Partners LLC acquired a new position in shares of Liberty Media Corporation – Liberty Live Series C during the 3rd quarter valued at $281,000. 60.36% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

LLYVK has been the topic of several research analyst reports. Zacks Research raised shares of Liberty Media Corporation – Liberty Live Series C from a “strong sell” rating to a “hold” rating in a research report on Friday, July 10th. Wall Street Zen upgraded shares of Liberty Media Corporation – Liberty Live Series C from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Finally, 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. One research 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, Liberty Media Corporation – Liberty Live Series C has a consensus rating of “Reduce”.

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.