Shares of Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK – Get Free Report) hit a new 52-week high on Thursday . The company traded as high as $102.81 and last traded at $102.4650, with a volume of 421150 shares. The stock had previously closed at $99.53.
Analyst Upgrades and Downgrades
Several equities analysts recently commented on LLYVK shares. 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. 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. Finally, Zacks Research cut shares of Liberty Media Corporation – Liberty Live Series C from a “hold” rating to a “strong sell” rating in a report on Monday, June 1st. Two analysts have rated the stock with a Sell rating, According to data from MarketBeat.com, Liberty Media Corporation – Liberty Live Series C currently has a consensus rating of “Sell”.
View Our Latest Report on LLYVK
Liberty Media Corporation – Liberty Live Series C Price Performance
Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK – Get Free Report) last issued its quarterly earnings results on Thursday, May 7th. The company reported ($3.20) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($3.07). The company had revenue of $63.62 million for the quarter, compared to the consensus estimate of $70.40 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 fiscal year.
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the business. Greenland Capital Management LP boosted its holdings in Liberty Media Corporation – Liberty Live Series C by 385.0% in the third quarter. Greenland Capital Management LP now owns 26,582 shares of the company’s stock valued at $2,578,000 after purchasing an additional 21,101 shares during the last quarter. Principal Financial Group Inc. raised its stake in shares of Liberty Media Corporation – Liberty Live Series C by 7.4% during the 4th quarter. Principal Financial Group Inc. now owns 1,812,689 shares of the company’s stock valued at $150,744,000 after buying an additional 124,223 shares during the last quarter. Quantbot Technologies LP acquired a new position in shares of Liberty Media Corporation – Liberty Live Series C in the 3rd quarter valued at about $1,790,000. Vanguard Group Inc. lifted its holdings in shares of Liberty Media Corporation – Liberty Live Series C by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 4,721,823 shares of the company’s stock valued at $392,667,000 after buying an additional 63,117 shares during the period. Finally, DAVENPORT & Co LLC boosted its stake in shares of Liberty Media Corporation – Liberty Live Series C by 81.7% in the fourth quarter. DAVENPORT & Co LLC now owns 166,490 shares of the company’s stock worth $13,874,000 after buying an additional 74,883 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.
Featured Stories
- Five stocks we like better than Liberty Media Corporation – Liberty Live Series C
- Microsoft Just Gave Investors 3 Dates They Can’t Afford to Ignore
- NVIDIA’s Outlook Gains Momentum: Stock Price to Follow
- The World Cup Is Coming—These 3 Stocks Could Cash In
- Spotify’s “North Star” Outlook Was Music to Investors Ears
Receive News & Ratings for Liberty Media Corporation - Liberty Live Series C Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Liberty Media Corporation - Liberty Live Series C and related companies with MarketBeat.com's FREE daily email newsletter.
