Royal Bank of Canada Raises Position in Liberty Media Corporation – Liberty Live Series C $LLYVK

Royal Bank of Canada grew its holdings in shares of Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) by 18.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,494 shares of the company’s stock after acquiring an additional 5,154 shares during the period. Royal Bank of Canada’s holdings in Liberty Media Corporation – Liberty Live Series C were worth $3,152,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Principal Financial Group Inc. grew its holdings in 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 valued at $150,744,000 after purchasing an additional 124,223 shares during the period. Whitebox Advisors LLC bought a new position in shares of Liberty Media Corporation – Liberty Live Series C in the first quarter worth about $15,192,000. Vanguard Group Inc. lifted its position in shares of Liberty Media Corporation – Liberty Live Series C by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 4,721,823 shares of the company’s stock valued at $392,667,000 after buying an additional 63,117 shares in the last quarter. KBC Group NV lifted its position in shares of Liberty Media Corporation – Liberty Live Series C by 2,064.7% during the 1st quarter. KBC Group NV now owns 41,541 shares of the company’s stock valued at $3,909,000 after buying an additional 39,622 shares in the last quarter. Finally, Walleye Capital LLC grew its stake in shares of Liberty Media Corporation – Liberty Live Series C by 286.3% during the 1st quarter. Walleye Capital LLC now owns 46,646 shares of the company’s stock valued at $4,390,000 after acquiring an additional 34,570 shares during the period. 60.36% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

LLYVK has been the topic of a number of recent analyst reports. Wall Street Zen cut shares of Liberty Media Corporation – Liberty Live Series C from a “hold” rating to a “sell” rating in a research note on Saturday. Zacks Research lowered shares of Liberty Media Corporation – Liberty Live Series C from a “hold” rating to a “strong sell” rating in a research report on Wednesday. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Liberty Media Corporation – Liberty Live Series C in a research note on Friday, May 29th. Two research analysts have rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

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

Shares of Liberty Media Corporation – Liberty Live Series C stock opened at $108.86 on Friday. The stock’s 50-day simple moving average is $102.53 and its 200-day simple moving average is $97.25. Liberty Media Corporation – Liberty Live Series C has a 52 week low of $76.93 and a 52 week high of $109.75. The company has a market capitalization of $10.02 billion, a price-to-earnings ratio of -24.03 and a beta of 0.97.

Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) last released its earnings results on Thursday, August 6th. The company reported ($2.92) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($3.34). The company had revenue of $147.06 million during the quarter, compared to analysts’ expectations of $93.63 million. On average, equities analysts expect that Liberty Media Corporation – Liberty Live Series C will post -7.69 earnings per share for the current year.

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.