Principal Financial Group Inc. Raises Stock Position in Liberty Media Corporation – Liberty Live Series C $LLYVK

Principal Financial Group Inc. boosted its holdings in shares of Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) by 5.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,908,977 shares of the company’s stock after purchasing an additional 96,288 shares during the period. Principal Financial Group Inc.’s holdings in Liberty Media Corporation – Liberty Live Series C were worth $179,656,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. SG Americas Securities LLC raised its stake in shares of Liberty Media Corporation – Liberty Live Series C by 1,012.6% during the 4th quarter. SG Americas Securities LLC now owns 609,399 shares of the company’s stock valued at $50,678,000 after buying an additional 554,625 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Liberty Media Corporation – Liberty Live Series C by 1.4% in the fourth 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 during the last quarter. Oak Thistle LLC purchased a new stake in shares of Liberty Media Corporation – Liberty Live Series C in the fourth quarter worth about $2,410,000. DAVENPORT & Co LLC boosted its stake in shares of Liberty Media Corporation – Liberty Live Series C by 81.7% in the fourth quarter. DAVENPORT & Co LLC now owns 166,490 shares of the company’s stock worth $13,874,000 after buying an additional 74,883 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its holdings in Liberty Media Corporation – Liberty Live Series C by 3.3% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 568,328 shares of the company’s stock worth $47,830,000 after acquiring an additional 18,301 shares during the period. 60.36% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. 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. Zacks Research upgraded Liberty Media Corporation – Liberty Live Series C from a “strong sell” rating to a “hold” rating in a research report on Friday, July 10th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Liberty Media Corporation – Liberty Live Series C in a research note on Friday, May 29th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Reduce”.

Liberty Media Corporation – Liberty Live Series C Stock Performance

LLYVK opened at $104.13 on Wednesday. The company has a fifty day moving average of $100.05 and a two-hundred day moving average of $94.19. The stock has a market capitalization of $9.58 billion, a price-to-earnings ratio of -29.42 and a beta of 0.94. Liberty Media Corporation – Liberty Live Series C has a fifty-two week low of $76.93 and a fifty-two week high of $108.97.

Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) last posted its earnings results on Thursday, May 7th. The company reported ($3.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($3.07). The firm had revenue of $63.62 million for the quarter, compared to analyst estimates of $70.40 million. On average, equities research analysts forecast that Liberty Media Corporation – Liberty Live Series C will post -3.3 earnings per share for the current year.

Liberty Media Corporation – Liberty Live Series C 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.