Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) Posts Quarterly Earnings Results

Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) posted its quarterly earnings results on Thursday. The company reported $3.60 earnings per share for the quarter, topping the consensus estimate of $1.06 by $2.54, Zacks reports. The company had revenue of $103.08 million for the quarter, compared to analyst estimates of $75.00 million.

Liberty Media Corporation – Liberty Live Series C Stock Performance

Shares of LLYVK stock traded down $2.04 on Friday, hitting $106.30. The company’s stock had a trading volume of 421,400 shares, compared to its average volume of 252,590. Liberty Media Corporation – Liberty Live Series C has a fifty-two week low of $76.93 and a fifty-two week high of $112.99. The company has a market capitalization of $9.78 billion, a PE ratio of -303.71 and a beta of 0.97. The stock’s 50 day moving average is $100.05 and its 200-day moving average is $98.07.

Insiders Place Their Bets

In other Liberty Media Corporation – Liberty Live Series C news, major shareholder John Malone sold 29,593 shares of the business’s stock in a transaction dated Thursday, September 24th. The shares were sold at an average price of $98.16, for a total value of $2,904,848.88. Following the completion of the sale, the insider owned 3,186,342 shares of the company’s stock, valued at $312,771,330.72. The trade was a 0.92% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Analyst Upgrades and Downgrades

LLYVK has been the subject of a number of analyst reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Liberty Media Corporation – Liberty Live Series C in a research report on Wednesday, August 26th. Zacks Research upgraded Liberty Media Corporation – Liberty Live Series C from a “strong sell” rating to a “hold” rating in a report on Friday, October 9th. Finally, Wall Street Zen raised Liberty Media Corporation – Liberty Live Series C from a “sell” rating to a “hold” rating in a research report on Saturday, September 5th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Liberty Media Corporation – Liberty Live Series C has an average rating of “Reduce”.

About Liberty Media Corporation – Liberty Live Series C

Liberty Media Corporation’s Liberty Live Group is represented by its Series C tracking stock, traded on the Nasdaq under the symbol LLYVK. A tracking stock is designed to reflect the economic performance of a specific business group within a broader corporate structure rather than the performance of Liberty Media as a whole.

The Liberty Live Group primarily represents Liberty Media’s investment in Live Nation Entertainment, a global live entertainment company. Live Nation promotes concerts and events, operates and manages entertainment venues, and provides ticketing services through its Ticketmaster business.