Shares of Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK – Get Free Report) hit a new 52-week high on Friday . The stock traded as high as $104.71 and last traded at $104.47, with a volume of 201994 shares trading hands. The stock had previously closed at $102.08.
Analyst Ratings Changes
Several equities research analysts have recently commented on the company. Wall Street Zen upgraded 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 shares of 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, Weiss Ratings reissued a “sell (d-)” rating on shares of Liberty Media Corporation – Liberty Live Series C in a research note on Friday, May 29th. Two equities research analysts have rated the stock with a Sell rating, According to data from MarketBeat, the stock has a consensus rating of “Sell”.
Get Our Latest Stock Analysis on Liberty Media Corporation – Liberty Live Series C
Liberty Media Corporation – Liberty Live Series C Stock Up 2.8%
Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK – Get Free Report) last announced its quarterly earnings results on Thursday, May 7th. The company reported ($3.20) EPS for the quarter, missing the consensus estimate of ($0.13) by ($3.07). The firm had revenue of $63.62 million during the quarter, compared to analyst estimates of $70.40 million. Analysts expect that Liberty Media Corporation – Liberty Live Series C will post -3.3 EPS for the current year.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in LLYVK. Kelleher Financial Advisors purchased a new stake in shares of Liberty Media Corporation – Liberty Live Series C in the 3rd quarter worth about $26,000. Western Wealth Management LLC purchased a new position in Liberty Media Corporation – Liberty Live Series C during the 1st quarter valued at about $29,000. Global Retirement Partners LLC acquired a new position in Liberty Media Corporation – Liberty Live Series C during the fourth quarter worth about $43,000. EverSource Wealth Advisors LLC raised its position in Liberty Media Corporation – Liberty Live Series C by 83.0% during the first quarter. EverSource Wealth Advisors LLC now owns 507 shares of the company’s stock worth $48,000 after acquiring an additional 230 shares during the last quarter. Finally, Align Financial LLC purchased a new stake in shares of Liberty Media Corporation – Liberty Live Series C in the fourth quarter valued at about $48,000. Hedge funds and other institutional investors own 60.36% of the company’s stock.
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.
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