Investors Buy High Volume of Call Options on Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK)

Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVKGet Free Report) saw unusually large options trading activity on Tuesday. Investors acquired 9,732 call options on the stock. This represents an increase of approximately 1,133% compared to the average volume of 789 call options.

Liberty Media Corporation – Liberty Live Series C Price Performance

Shares of LLYVK traded down $0.73 during mid-day trading on Tuesday, reaching $98.13. 119,962 shares of the company’s stock traded hands, compared to its average volume of 364,199. Liberty Media Corporation – Liberty Live Series C has a 12 month low of $76.93 and a 12 month high of $109.75. The stock has a market cap of $9.03 billion, a P/E ratio of -21.65 and a beta of 0.97. The stock’s 50-day moving average is $102.88 and its two-hundred day moving average is $99.36.

Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVKGet Free Report) last released its earnings results on Thursday, August 6th. The company reported ($2.92) earnings per share for the quarter, missing the consensus estimate 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. Research analysts predict that Liberty Media Corporation – Liberty Live Series C will post -7.69 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have commented on LLYVK. Zacks Research cut shares of Liberty Media Corporation – Liberty Live Series C from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 12th. Weiss Ratings reissued a “sell (d-)” rating on shares of Liberty Media Corporation – Liberty Live Series C in a research note on Wednesday, August 26th. Finally, Wall Street Zen raised Liberty Media Corporation – Liberty Live Series C from a “sell” rating to a “hold” rating in a research note on Saturday, September 5th. Two investment analysts have rated the stock with a Sell rating, According to MarketBeat, the company currently has a consensus rating of “Sell”.

Get Our Latest Stock Analysis on LLYVK

Hedge Funds Weigh In On Liberty Media Corporation – Liberty Live Series C

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Western Wealth Management LLC acquired a new position in shares of Liberty Media Corporation – Liberty Live Series C in the first quarter valued at about $29,000. EverSource Wealth Advisors LLC boosted 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. GAMMA Investing LLC lifted its position in Liberty Media Corporation – Liberty Live Series C by 21.8% in the second 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. Versant Capital Management Inc grew its holdings in Liberty Media Corporation – Liberty Live Series C by 35.4% during the 2nd quarter. Versant Capital Management Inc now owns 1,112 shares of the company’s stock worth $117,000 after acquiring an additional 291 shares in the last quarter. Finally, Bessemer Group Inc. raised its holdings in shares of Liberty Media Corporation – Liberty Live Series C by 11.5% in the first 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. 60.36% of the stock is owned by hedge funds and other institutional investors.

Liberty Media Corporation – Liberty Live Series C Company Profile

(Get Free Report)

Liberty Media Corporation’s Liberty Live Series C tracking stock represents an economic interest in the Liberty Live Group, a group of assets and businesses attributed to Liberty Media. The Liberty Live Group is primarily associated with Liberty Media’s investment in Live Nation Entertainment, a global live entertainment company involved in concert promotion, venue operations and ticketing through brands such as Ticketmaster.

The group also includes QuintEvents, a provider of hospitality, travel and experiential packages for major sports and entertainment events.

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