Liberty Media Corporation – Liberty Live Series C (LLYVK) Expected to Announce Quarterly Earnings on Thursday

Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) is projected to issue its results before the market opens on Thursday, February 26th. Analysts expect the company to announce earnings of ($1.24) per share and revenue of $43.00 million for the quarter.

Liberty Media Corporation – Liberty Live Series C Stock Performance

LLYVK stock opened at $95.99 on Tuesday. The company has a market cap of $8.82 billion, a price-to-earnings ratio of -24.87 and a beta of 1.40. The business’s 50-day moving average is $85.51 and its two-hundred day moving average is $88.58. Liberty Media Corporation – Liberty Live Series C has a fifty-two week low of $60.55 and a fifty-two week high of $102.62.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Liberty Media Corporation – Liberty Live Series C in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Reduce”.

Insider Activity at Liberty Media Corporation – Liberty Live Series C

In related news, Director Chase Carey sold 83,536 shares of Liberty Media Corporation – Liberty Live Series C stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $96.95, for a total transaction of $8,098,815.20. Following the transaction, the director owned 94,356 shares in the company, valued at approximately $9,147,814.20. The trade was a 46.96% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Berkshire Hathaway Inc sold 66,568 shares of the company’s stock in a transaction on Monday, January 12th. The stock was sold at an average price of $83.27, for a total transaction of $5,543,117.36. Following the completion of the transaction, the insider directly owned 10,703,007 shares of the company’s stock, valued at $891,239,392.89. This represents a 0.62% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 497,554 shares of company stock worth $43,484,018 in the last ninety days.

Institutional Trading of Liberty Media Corporation – Liberty Live Series C

Several institutional investors have recently made changes to their positions in LLYVK. AQR Capital Management LLC lifted its holdings in Liberty Media Corporation – Liberty Live Series C by 47.6% in the 1st quarter. AQR Capital Management LLC now owns 14,639 shares of the company’s stock worth $983,000 after purchasing an additional 4,719 shares in the last quarter. Jane Street Group LLC bought a new stake in shares of Liberty Media Corporation – Liberty Live Series C during the first quarter valued at approximately $1,018,000. Invesco Ltd. lifted its holdings in shares of Liberty Media Corporation – Liberty Live Series C by 9.1% in the second quarter. Invesco Ltd. now owns 96,925 shares of the company’s stock worth $7,866,000 after buying an additional 8,110 shares in the last quarter. First Trust Advisors LP boosted its position in shares of Liberty Media Corporation – Liberty Live Series C by 63.5% during the second quarter. First Trust Advisors LP now owns 61,354 shares of the company’s stock worth $4,979,000 after acquiring an additional 23,827 shares during the last quarter. Finally, State Street Corp grew its stake in 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 valued at $67,030,000 after acquiring an additional 17,989 shares in the last quarter. Hedge funds and other institutional investors own 60.36% of the company’s stock.

Liberty Media Corporation – Liberty Live Series C Company 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.