TD Asset Management Inc grew its stake in shares of Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK – Free Report) by 16.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 556,610 shares of the company’s stock after buying an additional 79,918 shares during the quarter. TD Asset Management Inc owned approximately 0.61% of Liberty Media Corporation – Liberty Live Series C worth $46,288,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in shares of Liberty Media Corporation – Liberty Live Series C by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 4,721,823 shares of the company’s stock worth $392,667,000 after buying an additional 63,117 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of Liberty Media Corporation – Liberty Live Series C by 7.4% during the fourth quarter. Principal Financial Group Inc. now owns 1,812,689 shares of the company’s stock worth $150,744,000 after buying an additional 124,223 shares during the last quarter. Bamco Inc. NY grew its stake in shares of Liberty Media Corporation – Liberty Live Series C by 2.9% during the third quarter. Bamco Inc. NY now owns 1,458,910 shares of the company’s stock worth $141,471,000 after buying an additional 41,512 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Liberty Media Corporation – Liberty Live Series C by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 884,548 shares of the company’s stock worth $73,582,000 after buying an additional 10,106 shares during the last quarter. Finally, State Street Corp lifted its holdings in shares of Liberty Media Corporation – Liberty Live Series C by 2.2% during the second quarter. State Street Corp now owns 825,898 shares of the company’s stock worth $67,030,000 after purchasing an additional 17,989 shares during the period. Institutional investors own 60.36% of the company’s stock.
Wall Street Analyst Weigh In
A number of research firms recently weighed in on LLYVK. Weiss Ratings restated a “sell (d-)” rating on shares of Liberty Media Corporation – Liberty Live Series C in a report on Friday, May 29th. Zacks Research downgraded Liberty Media Corporation – Liberty Live Series C from a “hold” rating to a “strong sell” rating in a report on Monday, June 1st. Finally, Wall Street Zen raised Liberty Media Corporation – Liberty Live Series C from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Two research analysts have rated the stock with a Sell rating, According to data from MarketBeat.com, Liberty Media Corporation – Liberty Live Series C has a consensus rating of “Sell”.
Liberty Media Corporation – Liberty Live Series C Trading Up 2.0%
Shares of LLYVK opened at $93.35 on Friday. The company has a market capitalization of $8.59 billion, a PE ratio of -26.37 and a beta of 0.97. Liberty Media Corporation – Liberty Live Series C has a 12 month low of $73.10 and a 12 month high of $102.62. The stock’s 50-day moving average price is $96.28 and its two-hundred day moving average price is $90.22.
Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK – Get Free Report) last announced its earnings results on Thursday, May 7th. The company reported ($3.20) EPS for the quarter, missing the consensus estimate of ($0.13) by ($3.07). The business had revenue of $63.62 million during the quarter, compared to analysts’ expectations of $70.40 million. Equities research analysts predict that Liberty Media Corporation – Liberty Live Series C will post -3.3 EPS for the current fiscal year.
Liberty Media Corporation – Liberty Live Series C Profile
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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