Highbridge Capital Management LLC Takes Position in Liberty Media Corporation – Liberty Live Series C $LLYVK

Highbridge Capital Management LLC bought a new stake in shares of Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVKFree Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 7,045 shares of the company’s stock, valued at approximately $586,000.

Other institutional investors have also recently modified their holdings of the company. Kelleher Financial Advisors bought a new stake in shares of Liberty Media Corporation – Liberty Live Series C during the 3rd quarter valued at $26,000. Global Retirement Partners LLC acquired a new stake in Liberty Media Corporation – Liberty Live Series C in the fourth quarter valued at about $43,000. Schroder Investment Management Group acquired a new stake in Liberty Media Corporation – Liberty Live Series C in the third quarter valued at about $57,000. Aster Capital Management DIFC Ltd acquired a new stake in Liberty Media Corporation – Liberty Live Series C in the third quarter valued at about $83,000. Finally, Bessemer Group Inc. boosted its stake in Liberty Media Corporation – Liberty Live Series C by 579.3% in the third quarter. Bessemer Group Inc. now owns 1,216 shares of the company’s stock valued at $118,000 after buying an additional 1,037 shares in the last quarter. 60.36% of the stock is currently owned by institutional investors.

Liberty Media Corporation – Liberty Live Series C Stock Up 2.0%

Shares of LLYVK opened at $93.35 on Friday. Liberty Media Corporation – Liberty Live Series C has a 12-month low of $73.10 and a 12-month high of $102.62. The business has a 50-day simple moving average of $96.28 and a two-hundred day simple moving average of $90.22. The stock has a market cap of $8.59 billion, a PE ratio of -26.37 and a beta of 0.97.

Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVKGet Free Report) last issued its earnings results on Thursday, May 7th. The company reported ($3.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.13) by ($3.07). The business had revenue of $63.62 million during the quarter, compared to analyst estimates of $70.40 million. On average, equities research analysts expect that Liberty Media Corporation – Liberty Live Series C will post -3.3 EPS for the current year.

Analyst Ratings Changes

Several analysts recently weighed in on LLYVK shares. 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. Zacks Research lowered Liberty Media Corporation – Liberty Live Series C from a “hold” rating to a “strong sell” rating in a research note on Monday, June 1st. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Liberty Media Corporation – Liberty Live Series C in a research note on Friday, May 29th. Two research analysts have rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Check Out Our Latest Report on Liberty Media Corporation – Liberty Live Series C

Liberty Media Corporation – Liberty Live Series C Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Liberty Media Corporation - Liberty Live Series C (NASDAQ:LLYVK)

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