KBC Group NV Acquires 39,622 Shares of Liberty Media Corporation – Liberty Live Series C $LLYVK

KBC Group NV boosted its holdings in Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) by 2,064.7% in the first quarter, Holdings Channel reports. The institutional investor owned 41,541 shares of the company’s stock after acquiring an additional 39,622 shares during the quarter. KBC Group NV’s holdings in Liberty Media Corporation – Liberty Live Series C were worth $3,909,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. AQR Capital Management LLC lifted its position in shares of Liberty Media Corporation – Liberty Live Series C by 47.6% during the first quarter. AQR Capital Management LLC now owns 14,639 shares of the company’s stock worth $983,000 after acquiring an additional 4,719 shares in the last quarter. Jane Street Group LLC purchased a new position in shares of Liberty Media Corporation – Liberty Live Series C in the first quarter valued at $1,018,000. Invesco Ltd. raised its stake in shares of Liberty Media Corporation – Liberty Live Series C by 9.1% during the 2nd quarter. Invesco Ltd. now owns 96,925 shares of the company’s stock valued at $7,866,000 after purchasing an additional 8,110 shares during the period. First Trust Advisors LP raised its stake in shares of Liberty Media Corporation – Liberty Live Series C by 63.5% during the 2nd quarter. First Trust Advisors LP now owns 61,354 shares of the company’s stock valued at $4,979,000 after purchasing an additional 23,827 shares during the period. Finally, State Street Corp lifted its holdings in Liberty Media Corporation – Liberty Live Series C by 2.2% during the 2nd 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 in the last quarter. Institutional investors own 60.36% of the company’s stock.

Liberty Media Corporation – Liberty Live Series C Price Performance

LLYVK stock opened at $98.50 on Friday. Liberty Media Corporation – Liberty Live Series C has a one year low of $76.93 and a one year high of $108.97. The stock has a market cap of $9.06 billion, a PE ratio of -27.82 and a beta of 0.94. The firm has a 50 day simple moving average of $100.49 and a two-hundred day simple moving average of $95.02.

Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) last posted its quarterly earnings data on Thursday, May 7th. The company reported ($3.20) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($3.07). The firm had revenue of $63.62 million for the quarter, compared to analysts’ expectations of $70.40 million. On average, research analysts expect that Liberty Media Corporation – Liberty Live Series C will post -3.3 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Weiss Ratings restated a “sell (d-)” rating on shares of Liberty Media Corporation – Liberty Live Series C in a research note on Friday, May 29th. Wall Street Zen upgraded Liberty Media Corporation – Liberty Live Series C from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, 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, July 10th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Reduce”.

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.