Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) Sets New 1-Year High – Here’s Why

Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) hit a new 52-week high during trading on Wednesday. The stock traded as high as $109.76 and last traded at $109.1540, with a volume of 106,867 shares. The stock had previously closed at $105.87.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on LLYVK. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Liberty Media Corporation – Liberty Live Series C in a report on Wednesday, August 26th. Wall Street Zen raised shares of Liberty Media Corporation – Liberty Live Series C from a “sell” rating to a “hold” rating in a report on Saturday, September 5th. Finally, Zacks Research raised shares of Liberty Media Corporation – Liberty Live Series C from a “strong sell” rating to a “hold” rating in a report on Friday, October 9th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Reduce”.

Liberty Media Corporation – Liberty Live Series C Price Performance

The stock has a market cap of $9.78 billion, a P/E ratio of -23.47 and a beta of 0.97. The firm’s fifty day moving average price is $99.99 and its two-hundred day moving average price is $97.95.

Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) last posted its quarterly earnings data on Thursday, November 5th. The company reported $3.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $2.54. The business had revenue of $103.08 million for the quarter, compared to the consensus estimate of $75.00 million. On average, research analysts expect that Liberty Media Corporation – Liberty Live Series C will post -7.69 earnings per share for the current fiscal year.

Insiders Place Their Bets

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of LLYVK. GAMMA Investing LLC raised its position in shares of Liberty Media Corporation – Liberty Live Series C by 15.7% during the 3rd quarter. GAMMA Investing LLC now owns 757 shares of the company’s stock valued at $74,000 after buying an additional 103 shares in the last quarter. S&CO Inc. bought a new stake in shares of Liberty Media Corporation – Liberty Live Series C during the 2nd quarter worth $23,459,000. FNY Investment Advisers LLC bought a new stake in shares of Liberty Media Corporation – Liberty Live Series C during the 2nd quarter worth $528,000. Versant Capital Management Inc grew its position in Liberty Media Corporation – Liberty Live Series C by 35.4% in the second quarter. Versant Capital Management Inc now owns 1,112 shares of the company’s stock worth $117,000 after acquiring an additional 291 shares in the last quarter. Finally, Western Wealth Management LLC purchased a new position in Liberty Media Corporation – Liberty Live Series C in the first quarter worth $29,000. 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’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.