Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) Upgraded by Wall Street Zen to Hold Rating

Wall Street Zen upgraded shares of Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) from a sell rating to a hold rating in a research note released on Saturday,Wall Street Zen reports.

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

Liberty Media Corporation – Liberty Live Series C Trading Down 2.3%

Shares of NASDAQ:LLYVK opened at $99.00 on Friday. The stock has a market cap of $9.11 billion, a PE ratio of -21.85 and a beta of 0.97. The stock’s fifty day simple moving average is $103.97 and its two-hundred day simple moving average is $99.23. Liberty Media Corporation – Liberty Live Series C has a 1-year low of $76.93 and a 1-year high of $109.75.

Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) last posted its earnings results on Thursday, August 6th. The company reported ($2.92) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($3.34). The firm had revenue of $147.06 million for the quarter, compared to analysts’ expectations of $93.63 million. On average, sell-side analysts forecast that Liberty Media Corporation – Liberty Live Series C will post -7.69 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Liberty Media Corporation – Liberty Live Series C

Large investors have recently made changes to their positions in the business. AQR Capital Management LLC raised its stake in shares of Liberty Media Corporation – Liberty Live Series C by 47.6% during the 1st quarter. AQR Capital Management LLC now owns 14,639 shares of the company’s stock worth $983,000 after purchasing an additional 4,719 shares during the period. Jane Street Group LLC bought a new position in Liberty Media Corporation – Liberty Live Series C during the first quarter valued at about $1,018,000. Invesco Ltd. increased its holdings in Liberty Media Corporation – Liberty Live Series C by 9.1% during the second quarter. Invesco Ltd. now owns 96,925 shares of the company’s stock worth $7,866,000 after buying an additional 8,110 shares during the last quarter. First Trust Advisors LP increased its holdings in Liberty Media Corporation – Liberty Live Series C by 63.5% during the second quarter. First Trust Advisors LP now owns 61,354 shares of the company’s stock worth $4,979,000 after buying an additional 23,827 shares during the last quarter. Finally, State Street Corp raised its position in Liberty Media Corporation – Liberty Live Series C by 2.2% in the second quarter. State Street Corp now owns 825,898 shares of the company’s stock worth $67,030,000 after acquiring an additional 17,989 shares during the period. 60.36% of the stock is owned by hedge funds and other institutional investors.

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.