Sei Investments Co. boosted its holdings in Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK – Free Report) by 10.4% during the 1st quarter, HoldingsChannel.com reports. The fund owned 134,477 shares of the company’s stock after buying an additional 12,714 shares during the period. Sei Investments Co.’s holdings in Liberty Media Corporation – Liberty Live Series C were worth $12,655,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Liberty Media Corporation – Liberty Live Series C in the 4th quarter worth $61,546,000. T. Rowe Price Investment Management Inc. raised its stake in shares of Liberty Media Corporation – Liberty Live Series C by 5.6% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 10,315,091 shares of the company’s stock worth $857,803,000 after purchasing an additional 551,011 shares during the last quarter. Dimensional Fund Advisors LP bought a new position in shares of Liberty Media Corporation – Liberty Live Series C during the fourth quarter valued at $34,303,000. Woodline Partners LP bought a new position in shares of Liberty Media Corporation – Liberty Live Series C during the third quarter valued at $21,766,000. Finally, Amundi boosted its position in shares of Liberty Media Corporation – Liberty Live Series C by 98.9% during the third quarter. Amundi now owns 425,952 shares of the company’s stock valued at $38,357,000 after buying an additional 211,762 shares during the last quarter. 60.36% of the stock is currently owned by hedge funds and other institutional investors.
Liberty Media Corporation – Liberty Live Series C Trading Down 6.7%
NASDAQ:LLYVK opened at $98.60 on Friday. The company has a market cap of $9.07 billion, a PE ratio of -27.85 and a beta of 0.94. The company has a 50 day simple moving average of $100.94 and a two-hundred day simple moving average of $95.75. Liberty Media Corporation – Liberty Live Series C has a 12 month low of $76.93 and a 12 month high of $108.97.
Wall Street Analysts Forecast Growth
Several equities research analysts recently commented on the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Liberty Media Corporation – Liberty Live Series C in a report on Friday, May 29th. Zacks Research upgraded shares of 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 shares of Liberty Media Corporation – Liberty Live Series C from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce”.
View Our Latest Analysis on Liberty Media Corporation – Liberty Live Series C
Liberty Media Corporation – Liberty Live Series C 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.
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