Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK – Get Free Report) posted its quarterly earnings results on Thursday. The company reported $3.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $2.54, Zacks reports. The company had revenue of $103.08 million for the quarter, compared to the consensus estimate of $75.00 million.
Liberty Media Corporation – Liberty Live Series C Price Performance
LLYVK stock traded down $2.04 during midday trading on Friday, hitting $106.30. The stock had a trading volume of 421,400 shares, compared to its average volume of 252,590. The business has a 50-day moving average of $100.05 and a two-hundred day moving average of $98.07. The firm has a market cap of $9.78 billion, a price-to-earnings ratio of -303.71 and a beta of 0.97. Liberty Media Corporation – Liberty Live Series C has a 52-week low of $76.93 and a 52-week high of $112.99.
Wall Street Analysts Forecast Growth
LLYVK has been the subject of a number of recent analyst reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Liberty Media Corporation – Liberty Live Series C in a report on Wednesday, August 26th. Zacks Research raised shares of Liberty Media Corporation – Liberty Live Series C from a “strong sell” rating to a “hold” rating in a report on Friday, October 9th. Finally, Wall Street Zen upgraded shares of Liberty Media Corporation – Liberty Live Series C from a “sell” rating to a “hold” rating in a research report on Saturday, September 5th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Reduce”.
View Our Latest Research Report on Liberty Media Corporation – Liberty Live Series C
Insider Activity at Liberty Media Corporation – Liberty Live Series C
In other news, major shareholder John Malone sold 29,593 shares of the company’s stock in a transaction dated Thursday, September 24th. The shares were sold at an average price of $98.16, for a total value of $2,904,848.88. Following the sale, the insider directly owned 3,186,342 shares of the company’s stock, valued at $312,771,330.72. This represents a 0.92% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Liberty Media Corporation – Liberty Live Series C Company Profile
Liberty Media Corporation’s Liberty Live Group is represented by its Series C tracking stock, traded on the Nasdaq under the symbol LLYVK. A tracking stock is designed to reflect the economic performance of a specific business group within a broader corporate structure rather than the performance of Liberty Media as a whole.
The Liberty Live Group primarily represents Liberty Media’s investment in Live Nation Entertainment, a global live entertainment company. Live Nation promotes concerts and events, operates and manages entertainment venues, and provides ticketing services through its Ticketmaster business.
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