Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK – Get Free Report) released its quarterly earnings data on Thursday. The company reported ($2.92) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($3.34), Zacks reports. The business had revenue of $147.06 million during the quarter, compared to analyst estimates of $93.63 million.
Liberty Media Corporation – Liberty Live Series C Trading Down 0.9%
Shares of NASDAQ LLYVK traded down $0.93 during midday trading on Friday, hitting $102.80. The company’s stock had a trading volume of 148,881 shares, compared to its average volume of 320,225. Liberty Media Corporation – Liberty Live Series C has a 12-month low of $76.93 and a 12-month high of $108.97. The firm has a market cap of $9.46 billion, a P/E ratio of -22.69 and a beta of 0.97. The business’s 50 day moving average is $101.45 and its two-hundred day moving average is $96.44.
Analysts Set New Price Targets
A number of research firms recently issued reports on LLYVK. Wall Street Zen raised 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. Zacks Research upgraded shares of Liberty Media Corporation – Liberty Live Series C from a “strong sell” rating to a “hold” rating in a report on Friday, July 10th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Liberty Media Corporation – Liberty Live Series C in a research report on Friday, May 29th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Reduce”.
Hedge Funds Weigh In On Liberty Media Corporation – Liberty Live Series C
Hedge funds have recently bought and sold shares of the business. AQR Capital Management LLC lifted its position in shares of Liberty Media Corporation – Liberty Live Series C by 47.6% during the first quarter. AQR Capital Management LLC now owns 14,639 shares of the company’s stock worth $983,000 after purchasing an additional 4,719 shares during the last quarter. Jane Street Group LLC purchased a new position in Liberty Media Corporation – Liberty Live Series C in the 1st quarter worth about $1,018,000. Invesco Ltd. lifted its holdings in Liberty Media Corporation – Liberty Live Series C by 9.1% during the 2nd quarter. Invesco Ltd. now owns 96,925 shares of the company’s stock valued at $7,866,000 after buying an additional 8,110 shares in the last quarter. First Trust Advisors LP lifted its holdings in Liberty Media Corporation – Liberty Live Series C by 63.5% during the 2nd quarter. First Trust Advisors LP now owns 61,354 shares of the company’s stock valued at $4,979,000 after buying an additional 23,827 shares in the last quarter. Finally, State Street Corp boosted its position in Liberty Media Corporation – Liberty Live Series C by 2.2% in the 2nd quarter. State Street Corp now owns 825,898 shares of the company’s stock valued at $67,030,000 after buying an additional 17,989 shares during the period. 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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