Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK – Get Free Report) was downgraded by Zacks Research from a “hold” rating to a “strong sell” rating in a report issued on Monday,Zacks.com reports.
A number of other equities research analysts also recently issued reports on LLYVK. Weiss Ratings reiterated a “sell (d-)” rating on shares of Liberty Media Corporation – Liberty Live Series C in a research report on Friday. Wall Street Zen upgraded Liberty Media Corporation – Liberty Live Series C from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Two equities research analysts have rated the stock with a Sell rating, Based on data from MarketBeat, Liberty Media Corporation – Liberty Live Series C presently has an average rating of “Sell”.
View Our Latest Stock Analysis on LLYVK
Liberty Media Corporation – Liberty Live Series C Trading Down 3.0%
Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK – Get Free Report) last posted its earnings results on Thursday, May 7th. The company reported ($3.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($3.07). The business had revenue of $63.62 million for the quarter, compared to analyst estimates of $70.40 million. On average, equities analysts forecast that Liberty Media Corporation – Liberty Live Series C will post -3.3 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Liberty Media Corporation – Liberty Live Series C
A number of large investors have recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company lifted its stake in Liberty Media Corporation – Liberty Live Series C by 3.9% in the first quarter. The Manufacturers Life Insurance Company now owns 3,003 shares of the company’s stock worth $283,000 after purchasing an additional 112 shares during the last quarter. Bessemer Group Inc. grew its stake in shares of Liberty Media Corporation – Liberty Live Series C by 11.5% during 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. HighTower Advisors LLC grew its stake in shares of 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 valued at $268,000 after buying an additional 189 shares during the last quarter. Arizona State Retirement System increased its holdings in shares of Liberty Media Corporation – Liberty Live Series C by 1.5% in the third quarter. Arizona State Retirement System now owns 13,198 shares of the company’s stock worth $1,280,000 after buying an additional 198 shares during the period. Finally, Ethic Inc. lifted its stake in shares of Liberty Media Corporation – Liberty Live Series C by 2.6% in the 4th quarter. Ethic Inc. now owns 9,036 shares of the company’s stock valued at $751,000 after acquiring an additional 225 shares during the last quarter. Hedge funds and other 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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