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

Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) hit a new 52-week high during mid-day trading on Friday . The company traded as high as $104.71 and last traded at $104.47, with a volume of 201994 shares traded. The stock had previously closed at $102.08.

Wall Street Analyst Weigh In

LLYVK has been the subject of a number of analyst reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Liberty Media Corporation – Liberty Live Series C in a report on Friday, May 29th. 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. Finally, 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. Two analysts have rated the stock with a Sell rating, According to data from MarketBeat.com, the company has a consensus rating of “Sell”.

Liberty Media Corporation – Liberty Live Series C Trading Up 1.7%

The company has a 50-day moving average of $97.14 and a 200-day moving average of $92.29. The firm has a market capitalization of $9.55 billion, a price-to-earnings ratio of -29.33 and a beta of 0.97.

Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) last released its quarterly earnings data on Thursday, May 7th. The company reported ($3.20) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($3.07). The business had revenue of $63.62 million for the quarter, compared to analysts’ expectations of $70.40 million. On average, research analysts forecast that Liberty Media Corporation – Liberty Live Series C will post -3.3 earnings per share for the current year.

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

Institutional investors and hedge funds have recently bought and sold shares of the business. The Manufacturers Life Insurance Company lifted its holdings in Liberty Media Corporation – Liberty Live Series C by 3.9% in the first quarter. The Manufacturers Life Insurance Company now owns 3,003 shares of the company’s stock worth $283,000 after acquiring an additional 112 shares during the last quarter. Bessemer Group Inc. raised its position in shares of Liberty Media Corporation – Liberty Live Series C by 11.5% during the 1st quarter. Bessemer Group Inc. now owns 1,472 shares of the company’s stock worth $139,000 after purchasing an additional 152 shares during the period. HighTower Advisors LLC raised its position in shares of Liberty Media Corporation – Liberty Live Series C by 6.2% during the 4th quarter. HighTower Advisors LLC now owns 3,228 shares of the company’s stock worth $268,000 after purchasing an additional 189 shares during the period. Ethic Inc. lifted its holdings in shares of Liberty Media Corporation – Liberty Live Series C by 2.6% in the 4th quarter. Ethic Inc. now owns 9,036 shares of the company’s stock worth $751,000 after purchasing an additional 225 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of Liberty Media Corporation – Liberty Live Series C by 8.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,910 shares of the company’s stock worth $242,000 after purchasing an additional 230 shares during the last quarter. Institutional investors and hedge funds own 60.36% of the company’s stock.

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.