Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) Announces Quarterly Earnings Results

Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) announced its quarterly earnings results on Thursday. The company reported ($2.92) earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($3.34), Zacks reports. The firm had revenue of $147.06 million for the quarter, compared to the consensus estimate of $93.63 million.

Liberty Media Corporation – Liberty Live Series C Trading Down 0.9%

Shares of Liberty Media Corporation – Liberty Live Series C stock traded down $0.93 on Friday, reaching $102.80. 148,881 shares of the company were exchanged, compared to its average volume of 320,225. Liberty Media Corporation – Liberty Live Series C has a one year low of $76.93 and a one year high of $108.97. The company has a 50-day moving average of $101.45 and a 200 day moving average of $96.44. The company has a market capitalization of $9.46 billion, a price-to-earnings ratio of -22.69 and a beta of 0.97.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Liberty Media Corporation – Liberty Live Series C in a research report on Friday, May 29th. Wall Street Zen raised shares of Liberty Media Corporation – Liberty Live Series C from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, Zacks Research raised shares of Liberty Media Corporation – Liberty Live Series C from a “strong sell” rating to a “hold” rating in a research note on Friday, July 10th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Reduce”.

Institutional Trading of Liberty Media Corporation – Liberty Live Series C

Several institutional investors and hedge funds have recently bought and sold shares of LLYVK. Kelleher Financial Advisors acquired a new position in shares of Liberty Media Corporation – Liberty Live Series C in the third quarter valued at $26,000. Global Retirement Partners LLC bought a new stake in Liberty Media Corporation – Liberty Live Series C in the 4th quarter valued at $43,000. Align Financial LLC bought a new position in Liberty Media Corporation – Liberty Live Series C during the 4th quarter worth $48,000. Schroder Investment Management Group acquired a new position in shares of Liberty Media Corporation – Liberty Live Series C in the third quarter valued at about $57,000. Finally, Quarry LP bought a new stake in Liberty Media Corporation – Liberty Live Series C in the 4th quarter valued at about $134,000. 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.