Liberty Media Corporation – Liberty Live Series C Target of Unusually Large Options Trading (NASDAQ:LLYVK)

Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVKGet Free Report) saw some unusual options trading on Friday. Stock investors acquired 11,284 call options on the stock. This is an increase of approximately 2,025% compared to the average daily volume of 531 call options.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on LLYVK shares. Zacks Research raised shares of Liberty Media Corporation – Liberty Live Series C from a “strong sell” rating to a “hold” rating in a research note on Friday, July 10th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Liberty Media Corporation – Liberty Live Series C in a research report on Friday, May 29th. Finally, Wall Street Zen raised shares of Liberty Media Corporation – Liberty Live Series C from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Reduce”.

Read Our Latest Stock Report on Liberty Media Corporation – Liberty Live Series C

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

Large investors have recently modified their holdings of the company. T. Rowe Price Investment Management Inc. boosted its stake in shares of Liberty Media Corporation – Liberty Live Series C by 5.6% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 10,315,091 shares of the company’s stock valued at $857,803,000 after purchasing an additional 551,011 shares in the last quarter. Vanguard Group Inc. raised its position in Liberty Media Corporation – Liberty Live Series C by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 4,721,823 shares of the company’s stock worth $392,667,000 after purchasing an additional 63,117 shares during the period. ValueAct Holdings L.P. lifted its stake in Liberty Media Corporation – Liberty Live Series C by 2.5% in the fourth quarter. ValueAct Holdings L.P. now owns 3,603,988 shares of the company’s stock worth $299,708,000 after purchasing an additional 88,100 shares during the last quarter. Morgan Stanley boosted its position in Liberty Media Corporation – Liberty Live Series C by 1.0% during the fourth quarter. Morgan Stanley now owns 2,062,231 shares of the company’s stock valued at $171,495,000 after buying an additional 20,587 shares during the period. Finally, Principal Financial Group Inc. boosted its position in Liberty Media Corporation – Liberty Live Series C by 5.3% during the first quarter. Principal Financial Group Inc. now owns 1,908,977 shares of the company’s stock valued at $179,656,000 after buying an additional 96,288 shares during the period. 60.36% of the stock is owned by hedge funds and other institutional investors.

Liberty Media Corporation – Liberty Live Series C Stock Up 0.5%

LLYVK traded up $0.48 during trading on Friday, reaching $102.18. 39,207 shares of the company were exchanged, compared to its average volume of 389,585. The company’s 50-day moving average is $100.21 and its two-hundred day moving average is $94.43. Liberty Media Corporation – Liberty Live Series C has a 12-month low of $76.93 and a 12-month high of $108.97. The company has a market cap of $9.40 billion, a price-to-earnings ratio of -28.87 and a beta of 0.94.

Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVKGet Free Report) last issued its quarterly earnings data on Thursday, May 7th. The company reported ($3.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.13) by ($3.07). The company had revenue of $63.62 million during the quarter, compared to the consensus estimate of $70.40 million. Equities analysts forecast that Liberty Media Corporation – Liberty Live Series C will post -3.3 earnings per share for the current year.

About Liberty Media Corporation – Liberty Live Series C

(Get Free Report)

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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