Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) Hits New 12-Month High – Still a Buy?

Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) shares hit a new 52-week high on Friday . The stock traded as high as $109.20 and last traded at $109.35, with a volume of 36466 shares traded. The stock had previously closed at $107.87.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Weiss Ratings restated a “sell (d-)” rating on shares of Liberty Media Corporation – Liberty Live Series C in a research note on Friday, May 29th. Wall Street Zen upgraded Liberty Media Corporation – Liberty Live Series C from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, Zacks Research downgraded Liberty Media Corporation – Liberty Live Series C from a “hold” rating to a “strong sell” rating in a report on Wednesday. Two investment analysts have rated the stock with a Sell rating, According to data from MarketBeat.com, the company has an average rating of “Sell”.

Liberty Media Corporation – Liberty Live Series C Stock Up 1.4%

The company’s 50-day moving average is $102.22 and its 200 day moving average is $97.16. The company has a market cap of $10.07 billion, a price-to-earnings ratio of -24.16 and a beta of 0.97.

Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) last issued its quarterly earnings data on Thursday, August 6th. The company reported ($2.92) earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($3.34). The business had revenue of $147.06 million for the quarter, compared to analyst estimates of $93.63 million. Analysts predict that Liberty Media Corporation – Liberty Live Series C will post -7.69 EPS for the current fiscal year.

Hedge Funds Weigh In On Liberty Media Corporation – Liberty Live Series C

A number of hedge funds have recently bought and sold shares of LLYVK. Principal Financial Group Inc. raised its position 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 purchasing an additional 124,223 shares during the last quarter. Whitebox Advisors LLC acquired a new stake in Liberty Media Corporation – Liberty Live Series C in the 1st quarter worth about $15,192,000. Vanguard Group Inc. increased its stake in 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 worth $392,667,000 after buying an additional 63,117 shares in the last quarter. KBC Group NV increased its stake in 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 worth $3,909,000 after buying an additional 39,622 shares in the last quarter. Finally, California State Teachers Retirement System increased its stake in Liberty Media Corporation – Liberty Live Series C by 23.0% during the 1st quarter. California State Teachers Retirement System now owns 51,908 shares of the company’s stock worth $4,885,000 after buying an additional 9,712 shares in the last quarter. Hedge funds and other institutional investors own 60.36% of the company’s stock.

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.