Liberty Media Corporation – Liberty Live Series C Sees Unusually High Options Volume (NASDAQ:LLYVK)

Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) was the recipient of some unusual options trading activity on Tuesday. Stock investors purchased 9,732 call options on the company. This is an increase of approximately 1,133% compared to the average daily volume of 789 call options.

Liberty Media Corporation – Liberty Live Series C Trading Up 0.2%

Shares of NASDAQ:LLYVK opened at $98.62 on Thursday. The business’s fifty day simple moving average is $102.57 and its 200-day simple moving average is $99.39. Liberty Media Corporation – Liberty Live Series C has a 12-month low of $76.93 and a 12-month high of $109.75. The company has a market capitalization of $9.07 billion, a PE ratio of -21.77 and a beta of 0.97.

Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) last issued its quarterly earnings results on Thursday, August 6th. The company reported ($2.92) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($3.34). The firm had revenue of $147.06 million during the quarter, compared to analyst estimates of $93.63 million. Research analysts predict that Liberty Media Corporation – Liberty Live Series C will post -7.69 EPS for the current year.

Hedge Funds Weigh In On Liberty Media Corporation – Liberty Live Series C

A number of large investors have recently bought and sold shares of LLYVK. Whitebox Advisors LLC acquired a new position in shares of Liberty Media Corporation – Liberty Live Series C during the first quarter worth about $15,192,000. KBC Group NV grew its position in shares of Liberty Media Corporation – Liberty Live Series C by 2,064.7% in the 1st quarter. KBC Group NV now owns 41,541 shares of the company’s stock valued at $3,909,000 after buying an additional 39,622 shares during the last quarter. Walleye Capital LLC grew its holdings in shares of Liberty Media Corporation – Liberty Live Series C by 286.3% during the first quarter. Walleye Capital LLC now owns 46,646 shares of the company’s stock worth $4,390,000 after purchasing an additional 34,570 shares during the last quarter. California State Teachers Retirement System increased its position in Liberty Media Corporation – Liberty Live Series C by 23.0% during the first quarter. California State Teachers Retirement System now owns 51,908 shares of the company’s stock worth $4,885,000 after buying an additional 9,712 shares during the period. Finally, Bank of America Corp DE increased its holdings in shares of Liberty Media Corporation – Liberty Live Series C by 63.7% in the 1st quarter. Bank of America Corp DE now owns 382,068 shares of the company’s stock valued at $35,956,000 after acquiring an additional 148,698 shares during the period. Institutional investors and hedge funds own 60.36% of the company’s stock.

Analyst Ratings Changes

LLYVK has been the subject of several recent analyst reports. Zacks Research lowered Liberty Media Corporation – Liberty Live Series C from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 12th. Wall Street Zen upgraded shares of Liberty Media Corporation – Liberty Live Series C from a “sell” rating to a “hold” rating in a research report on Saturday, September 5th. Finally, Weiss Ratings restated 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 stock has an average rating of “Sell”.

Liberty Media Corporation – Liberty Live Series C Company Profile

Liberty Media Corporation’s Liberty Live Series C tracking stock represents an economic interest in the Liberty Live Group, a group of assets and businesses attributed to Liberty Media. The Liberty Live Group is primarily associated with Liberty Media’s investment in Live Nation Entertainment, a global live entertainment company involved in concert promotion, venue operations and ticketing through brands such as Ticketmaster.

The group also includes QuintEvents, a provider of hospitality, travel and experiential packages for major sports and entertainment events.