Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK – Get Free Report) was upgraded by equities researchers at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued on Saturday, Wall Street Zen reports.
Other equities analysts have also issued reports about the company. Zacks Research lowered Liberty Media Corporation – Liberty Live Series C from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 12th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Liberty Media Corporation – Liberty Live Series C in a report on Wednesday, August 26th. Two equities research analysts have rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Sell”.
Check Out Our Latest Analysis on LLYVK
Liberty Media Corporation – Liberty Live Series C Price Performance
Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK – Get Free Report) last announced its earnings results on Thursday, August 6th. The company reported ($2.92) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($3.34). The firm had revenue of $147.06 million during the quarter, compared to analyst estimates of $93.63 million. On average, equities analysts expect that Liberty Media Corporation – Liberty Live Series C will post -7.69 earnings per share for the current fiscal year.
Institutional Trading of Liberty Media Corporation – Liberty Live Series C
Several hedge funds and other institutional investors have recently bought and sold shares of the company. The Manufacturers Life Insurance Company lifted its position in shares of Liberty Media Corporation – Liberty Live Series C by 3.9% in the 1st quarter. The Manufacturers Life Insurance Company now owns 3,003 shares of the company’s stock worth $283,000 after buying an additional 112 shares during the last quarter. GAMMA Investing LLC grew its position in shares of Liberty Media Corporation – Liberty Live Series C by 21.8% during the 2nd quarter. GAMMA Investing LLC now owns 654 shares of the company’s stock valued at $69,000 after buying an additional 117 shares during the last quarter. Bessemer Group Inc. grew its position in shares of Liberty Media Corporation – Liberty Live Series C by 11.5% during the 1st quarter. Bessemer Group Inc. now owns 1,472 shares of the company’s stock valued at $139,000 after buying an additional 152 shares during the last quarter. HighTower Advisors LLC raised its stake in Liberty Media Corporation – Liberty Live Series C by 6.2% during the fourth quarter. HighTower Advisors LLC now owns 3,228 shares of the company’s stock worth $268,000 after acquiring an additional 189 shares during the period. Finally, Ethic Inc. raised its stake in Liberty Media Corporation – Liberty Live Series C by 2.6% during the fourth quarter. Ethic Inc. now owns 9,036 shares of the company’s stock worth $751,000 after acquiring an additional 225 shares during the period. 60.36% of the stock is owned by institutional investors.
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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