Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) Releases Earnings Results

Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) issued its quarterly earnings data on Thursday. The company reported ($2.92) EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($3.34), Zacks reports. The business had revenue of $147.06 million during the quarter, compared to the consensus estimate of $93.63 million.

Liberty Media Corporation – Liberty Live Series C Stock Down 0.9%

Shares of LLYVK traded down $0.93 during trading on Friday, reaching $102.80. The company’s stock had a trading volume of 148,881 shares, compared to its average volume of 320,225. The company has a fifty day moving average of $101.45 and a two-hundred day moving average of $96.44. Liberty Media Corporation – Liberty Live Series C has a twelve month low of $76.93 and a twelve month high of $108.97. The company has a market cap of $9.46 billion, a price-to-earnings ratio of -22.69 and a beta of 0.97.

Institutional Trading of Liberty Media Corporation – Liberty Live Series C

A number of hedge funds have recently made changes to their positions in LLYVK. ValueAct Holdings L.P. increased its stake in shares of 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 buying an additional 88,100 shares during the last quarter. Morgan Stanley boosted its stake in Liberty Media Corporation – Liberty Live Series C by 1.0% during the 4th quarter. Morgan Stanley now owns 2,062,231 shares of the company’s stock valued at $171,495,000 after acquiring an additional 20,587 shares during the last quarter. Deutsche Bank AG grew its holdings in Liberty Media Corporation – Liberty Live Series C by 9.8% during the 4th quarter. Deutsche Bank AG now owns 1,526,760 shares of the company’s stock worth $126,965,000 after acquiring an additional 136,833 shares in the last quarter. State Street Corp grew 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 acquiring an additional 17,989 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Liberty Media Corporation – Liberty Live Series C by 0.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 635,046 shares of the company’s stock worth $52,810,000 after purchasing an additional 2,664 shares during the last quarter. Institutional investors and hedge funds own 60.36% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Zacks Research upgraded Liberty Media Corporation – Liberty Live Series C from a “strong sell” rating to a “hold” rating in a report on Friday, July 10th. Weiss Ratings restated a “sell (d-)” rating on shares of Liberty Media Corporation – Liberty Live Series C in a 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 equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Liberty Media Corporation – Liberty Live Series C presently has a consensus rating of “Reduce”.

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.