Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) Posts Earnings Results, Beats Expectations By $2.54 EPS

Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) issued its quarterly earnings results on Thursday. The company reported $3.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $2.54, Zacks reports. The firm had revenue of $103.08 million during the quarter, compared to analyst estimates of $75.00 million.

Liberty Media Corporation – Liberty Live Series C Trading Down 1.9%

LLYVK stock traded down $2.04 during mid-day trading on Friday, reaching $106.30. The company’s stock had a trading volume of 421,400 shares, compared to its average volume of 252,590. The stock has a market cap of $9.78 billion, a PE ratio of -303.71 and a beta of 0.97. Liberty Media Corporation – Liberty Live Series C has a fifty-two week low of $76.93 and a fifty-two week high of $112.99. The company’s 50 day moving average is $100.05 and its two-hundred day moving average is $98.07.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Wall Street Zen upgraded Liberty Media Corporation – Liberty Live Series C from a “sell” rating to a “hold” rating in a report on Saturday, September 5th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Liberty Media Corporation – Liberty Live Series C in a research note on Wednesday, August 26th. Finally, Zacks Research raised shares of Liberty Media Corporation – Liberty Live Series C from a “strong sell” rating to a “hold” rating in a report on Friday, October 9th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce”.

Insiders Place Their Bets

In other news, major shareholder John Malone sold 29,593 shares of the business’s stock in a transaction that occurred on Thursday, September 24th. The stock was sold at an average price of $98.16, for a total transaction of $2,904,848.88. Following the transaction, the insider directly owned 3,186,342 shares in the company, valued at $312,771,330.72. The trade was a 0.92% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

About Liberty Media Corporation – Liberty Live Series C

Liberty Media Corporation’s Liberty Live Group is represented by its Series C tracking stock, traded on the Nasdaq under the symbol LLYVK. A tracking stock is designed to reflect the economic performance of a specific business group within a broader corporate structure rather than the performance of Liberty Media as a whole.

The Liberty Live Group primarily represents Liberty Media’s investment in Live Nation Entertainment, a global live entertainment company. Live Nation promotes concerts and events, operates and manages entertainment venues, and provides ticketing services through its Ticketmaster business.