Liberty Media Corporation – Liberty Live Series C $LLYVK Stake Raised by UBS Group AG

UBS Group AG boosted its holdings in Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) by 12.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 180,101 shares of the company’s stock after acquiring an additional 19,397 shares during the quarter. UBS Group AG’s holdings in Liberty Media Corporation – Liberty Live Series C were worth $14,977,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. TD Private Client Wealth LLC bought a new stake in Liberty Media Corporation – Liberty Live Series C in the third quarter worth about $26,000. Kelleher Financial Advisors bought a new stake in Liberty Media Corporation – Liberty Live Series C in the third quarter worth about $26,000. Schroder Investment Management Group bought a new stake in Liberty Media Corporation – Liberty Live Series C in the third quarter worth about $57,000. Aster Capital Management DIFC Ltd bought a new stake in Liberty Media Corporation – Liberty Live Series C in the third quarter worth about $83,000. Finally, Quent Capital LLC bought a new stake in Liberty Media Corporation – Liberty Live Series C in the third quarter worth about $104,000. 60.36% of the stock is currently owned by institutional investors.

Liberty Media Corporation – Liberty Live Series C Price Performance

NASDAQ:LLYVK opened at $99.19 on Thursday. Liberty Media Corporation – Liberty Live Series C has a fifty-two week low of $71.48 and a fifty-two week high of $102.62. The stock’s 50-day moving average is $95.67 and its two-hundred day moving average is $89.12. The stock has a market cap of $9.12 billion, a PE ratio of -28.02 and a beta of 0.98.

Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) last released its earnings results 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 business had revenue of $63.62 million during the quarter, compared to the consensus estimate of $70.40 million. On average, equities research analysts anticipate that Liberty Media Corporation – Liberty Live Series C will post -3.3 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have commented on LLYVK. Zacks Research upgraded shares of Liberty Media Corporation – Liberty Live Series C from a “strong sell” rating to a “hold” rating in a research report on Friday, May 1st. Weiss Ratings restated a “sell (d)” rating on shares of Liberty Media Corporation – Liberty Live Series C in a report on Thursday, January 22nd. Finally, Wall Street Zen upgraded Liberty Media Corporation – Liberty Live Series C from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average 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.