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 stock analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a note issued to investors on Monday,Zacks.com reports.

Several other research analysts also recently issued reports on the company. Weiss Ratings restated a “sell (d-)” rating on shares of Liberty Media Corporation – Liberty Live Series C in a research report on Friday. Wall Street Zen upgraded Liberty Media Corporation – Liberty Live Series C from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Two research analysts have rated the stock with a Sell rating, Based on data from MarketBeat, Liberty Media Corporation – Liberty Live Series C has a consensus rating of “Sell”.

Liberty Media Corporation – Liberty Live Series C Price Performance

Shares of Liberty Media Corporation – Liberty Live Series C stock opened at $97.91 on Monday. Liberty Media Corporation – Liberty Live Series C has a 1 year low of $72.29 and a 1 year high of $102.62. The company has a market capitalization of $9.01 billion, a P/E ratio of -27.66 and a beta of 0.97. The business has a 50 day moving average price of $96.18 and a 200 day moving average price of $90.00.

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

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Kelleher Financial Advisors acquired a new position in Liberty Media Corporation – Liberty Live Series C in the 3rd quarter valued at $26,000. Western Wealth Management LLC acquired a new position in Liberty Media Corporation – Liberty Live Series C in the 1st quarter valued at $29,000. Global Retirement Partners LLC acquired a new position in Liberty Media Corporation – Liberty Live Series C in the 4th quarter valued at $43,000. EverSource Wealth Advisors LLC raised its holdings in Liberty Media Corporation – Liberty Live Series C by 83.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 507 shares of the company’s stock valued at $48,000 after acquiring an additional 230 shares during the last quarter. Finally, Align Financial LLC acquired a new position in Liberty Media Corporation – Liberty Live Series C in the 4th quarter valued at $48,000. 60.36% of the stock is currently owned by institutional investors and hedge funds.

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.