Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) Stock Rating Lowered by Wall Street Zen

Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) was downgraded by equities researchers at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued on Saturday.

A number of other analysts have also issued reports on LLYVK. Zacks Research lowered shares of Liberty Media Corporation – Liberty Live Series C from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 12th. 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. Two equities research analysts have rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of “Sell”.

Liberty Media Corporation – Liberty Live Series C Stock Performance

Shares of LLYVK stock opened at $108.86 on Friday. The stock has a 50 day moving average price of $102.53 and a 200 day moving average price of $97.32. Liberty Media Corporation – Liberty Live Series C has a 52-week low of $76.93 and a 52-week high of $109.75. The firm has a market capitalization of $10.02 billion, a P/E ratio of -24.03 and a beta of 0.97.

Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) last announced its quarterly earnings data on Thursday, August 6th. The company reported ($2.92) EPS for the quarter, missing the consensus estimate of $0.42 by ($3.34). The business had revenue of $147.06 million during the quarter, compared to the consensus estimate of $93.63 million. As a group, sell-side analysts forecast that Liberty Media Corporation – Liberty Live Series C will post -7.69 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Kelleher Financial Advisors purchased a new position in Liberty Media Corporation – Liberty Live Series C during the 3rd quarter worth $26,000. Western Wealth Management LLC purchased a new stake in shares of Liberty Media Corporation – Liberty Live Series C in the 1st quarter worth $29,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Liberty Media Corporation – Liberty Live Series C by 83.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 507 shares of the company’s stock worth $48,000 after buying an additional 230 shares during the period. Global Retirement Partners LLC bought a new position in shares of Liberty Media Corporation – Liberty Live Series C during the 4th quarter worth $43,000. Finally, Align Financial LLC bought a new position in shares of Liberty Media Corporation – Liberty Live Series C during the 4th quarter worth $48,000. 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.