Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) Stock Rating Lowered by Zacks Research

Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) was downgraded by analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report released on Wednesday,Zacks.com reports.

Other analysts have also recently issued reports about the company. Wall Street Zen upgraded Liberty Media Corporation – Liberty Live Series C to a “sell” rating in a research note on Saturday, February 28th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Liberty Media Corporation – Liberty Live Series C in a research report on Thursday, January 22nd. Two analysts have rated the stock with a Sell rating, According to data from MarketBeat, the stock has a consensus rating of “Sell”.

Liberty Media Corporation – Liberty Live Series C Stock Performance

NASDAQ LLYVK opened at $98.42 on Wednesday. The firm has a market cap of $9.04 billion, a price-to-earnings ratio of -189.27 and a beta of 1.26. The firm has a 50 day simple moving average of $87.62 and a 200-day simple moving average of $89.01. Liberty Media Corporation – Liberty Live Series C has a one year low of $60.55 and a one year high of $102.62.

Insider Buying and Selling at Liberty Media Corporation – Liberty Live Series C

In other news, Director Chase Carey sold 83,536 shares of the stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $96.95, for a total value of $8,098,815.20. Following the transaction, the director owned 94,356 shares in the company, valued at approximately $9,147,814.20. This represents a 46.96% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Berkshire Hathaway Inc sold 66,568 shares of the firm’s stock in a transaction dated Monday, January 12th. The stock was sold at an average price of $83.27, for a total value of $5,543,117.36. Following the sale, the insider directly owned 10,703,007 shares in the company, valued at $891,239,392.89. This trade represents a 0.62% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 497,554 shares of company stock worth $43,484,018 in the last three months.

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

Several hedge funds have recently added to or reduced their stakes in the stock. T. Rowe Price Investment Management Inc. raised its holdings in Liberty Media Corporation – Liberty Live Series C by 5.6% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 10,315,091 shares of the company’s stock worth $857,803,000 after purchasing an additional 551,011 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Liberty Media Corporation – Liberty Live Series C by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 4,721,823 shares of the company’s stock valued at $392,667,000 after buying an additional 63,117 shares during the last quarter. ValueAct Holdings L.P. raised its stake in Liberty Media Corporation – Liberty Live Series C by 2.5% during the 4th quarter. ValueAct Holdings L.P. now owns 3,603,988 shares of the company’s stock worth $299,708,000 after acquiring an additional 88,100 shares in the last quarter. Morgan Stanley lifted its position in Liberty Media Corporation – Liberty Live Series C by 1.0% in the fourth quarter. Morgan Stanley now owns 2,062,231 shares of the company’s stock valued at $171,495,000 after acquiring an additional 20,587 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its stake in Liberty Media Corporation – Liberty Live Series C by 7.4% in the fourth quarter. Principal Financial Group Inc. now owns 1,812,689 shares of the company’s stock valued at $150,744,000 after acquiring an additional 124,223 shares in the last quarter. 60.36% of the stock is currently 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.