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

Wall Street Zen upgraded shares of Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) from a sell rating to a hold rating in a research note issued to investors on Saturday,Wall Street Zen reports.

LLYVK has been the subject of several other research reports. Zacks Research cut Liberty Media Corporation – Liberty Live Series C from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 12th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Liberty Media Corporation – Liberty Live Series C in a report on Wednesday, August 26th. Two equities research analysts have rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Liberty Media Corporation – Liberty Live Series C Price Performance

NASDAQ:LLYVK opened at $99.00 on Friday. 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 fifty day simple moving average of $103.83 and a two-hundred day simple moving average of $99.30. The company has a market cap of $9.11 billion, a price-to-earnings ratio of -21.85 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 analysts’ consensus estimates 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, analysts expect that Liberty Media Corporation – Liberty Live Series C will post -7.69 EPS for the current year.

Institutional Investors Weigh In On Liberty Media Corporation – Liberty Live Series C

Several institutional investors have recently added to or reduced their stakes in LLYVK. Whitebox Advisors LLC acquired a new stake in Liberty Media Corporation – Liberty Live Series C during the first quarter worth approximately $15,192,000. KBC Group NV boosted its holdings in shares of Liberty Media Corporation – Liberty Live Series C by 2,064.7% in 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. Walleye Capital LLC boosted its holdings in shares of Liberty Media Corporation – Liberty Live Series C by 286.3% in the 1st quarter. Walleye Capital LLC now owns 46,646 shares of the company’s stock valued at $4,390,000 after buying an additional 34,570 shares in the last quarter. California State Teachers Retirement System grew its position in shares of Liberty Media Corporation – Liberty Live Series C by 23.0% in the 1st quarter. California State Teachers Retirement System now owns 51,908 shares of the company’s stock valued at $4,885,000 after buying an additional 9,712 shares during the last quarter. Finally, Bank of America Corp DE raised its stake in Liberty Media Corporation – Liberty Live Series C by 63.7% during the 1st quarter. Bank of America Corp DE now owns 382,068 shares of the company’s stock worth $35,956,000 after acquiring an additional 148,698 shares in the last quarter. Hedge funds and other institutional investors own 60.36% of the company’s stock.

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.