Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) Hits New 52-Week High – Here’s Why

Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK)’s stock price reached a new 52-week high during trading on Thursday . The stock traded as high as $108.56 and last traded at $107.27, with a volume of 500959 shares trading hands. The stock had previously closed at $105.64.

Analyst Upgrades and Downgrades

LLYVK has been the subject of several analyst reports. 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, May 9th. 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. Finally, Zacks Research downgraded Liberty Media Corporation – Liberty Live Series C from a “hold” rating to a “strong sell” rating in a report on Monday, June 1st. Two equities research analysts have rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Liberty Media Corporation – Liberty Live Series C Trading Up 1.5%

The stock has a market capitalization of $9.87 billion, a price-to-earnings ratio of -30.30 and a beta of 0.97. The company’s 50 day moving average is $97.73 and its 200 day moving average is $92.84.

Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) last released its quarterly earnings data 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 business had revenue of $63.62 million for the quarter, compared to the consensus estimate of $70.40 million. Analysts anticipate that Liberty Media Corporation – Liberty Live Series C will post -3.3 EPS for the current fiscal year.

Institutional Trading of Liberty Media Corporation – Liberty Live Series C

A number of large investors have recently made changes to their positions in the company. Principal Financial Group Inc. boosted its holdings in shares of Liberty Media Corporation – Liberty Live Series C by 7.4% in the fourth quarter. Principal Financial Group Inc. now owns 1,812,689 shares of the company’s stock valued at $150,744,000 after acquiring an additional 124,223 shares during the period. SG Americas Securities LLC increased its holdings in shares of Liberty Media Corporation – Liberty Live Series C by 1,012.6% in the 4th quarter. SG Americas Securities LLC now owns 609,399 shares of the company’s stock valued at $50,678,000 after acquiring an additional 554,625 shares during the period. Quantbot Technologies LP acquired a new position in shares of Liberty Media Corporation – Liberty Live Series C in the 3rd quarter valued at $1,790,000. Vanguard Group Inc. raised its position in Liberty Media Corporation – Liberty Live Series C by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 4,721,823 shares of the company’s stock valued at $392,667,000 after purchasing an additional 63,117 shares during the last quarter. Finally, Oak Thistle LLC acquired a new stake in Liberty Media Corporation – Liberty Live Series C during the 4th quarter worth $2,410,000. 60.36% of the stock is owned by institutional investors and hedge funds.

About Liberty Media Corporation – Liberty Live Series C

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.