Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) Cut to Sell at Wall Street Zen

Wall Street Zen lowered shares of Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) from a hold rating to a sell rating in a report released on Saturday.

Several other equities research analysts also recently issued reports on LLYVK. Zacks Research downgraded Liberty Media Corporation – Liberty Live Series C from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 12th. Weiss Ratings reissued a “sell (d-)” rating on shares of Liberty Media Corporation – Liberty Live Series C in a research report on Friday, May 29th. Two analysts have rated the stock with a Sell rating, According to MarketBeat, Liberty Media Corporation – Liberty Live Series C presently has an average rating of “Sell”.

Liberty Media Corporation – Liberty Live Series C Trading Down 2.9%

NASDAQ LLYVK opened at $105.70 on Friday. The company has a fifty day simple moving average of $102.79 and a 200 day simple moving average of $97.47. The company has a market cap of $9.72 billion, a P/E ratio of -23.33 and a beta of 0.97. Liberty Media Corporation – Liberty Live Series C has a 1 year low of $76.93 and a 1 year high of $109.75.

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Principal Financial Group Inc. lifted its holdings in shares of Liberty Media Corporation – Liberty Live Series C by 7.4% during the 4th quarter. Principal Financial Group Inc. now owns 1,812,689 shares of the company’s stock worth $150,744,000 after acquiring an additional 124,223 shares during the period. Whitebox Advisors LLC bought a new stake in Liberty Media Corporation – Liberty Live Series C in the first quarter valued at about $15,192,000. Vanguard Group Inc. raised its position in Liberty Media Corporation – Liberty Live Series C by 1.4% in the fourth 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 in the last quarter. KBC Group NV raised its position in Liberty Media Corporation – Liberty Live Series C by 2,064.7% in the first quarter. KBC Group NV now owns 41,541 shares of the company’s stock worth $3,909,000 after purchasing an additional 39,622 shares in the last quarter. Finally, California State Teachers Retirement System raised its position in Liberty Media Corporation – Liberty Live Series C by 23.0% in the first quarter. California State Teachers Retirement System now owns 51,908 shares of the company’s stock worth $4,885,000 after purchasing an additional 9,712 shares in the last quarter. 60.36% of the stock is currently owned by institutional investors and hedge funds.

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.