SG Americas Securities LLC Cuts Stake in Liberty Media Corporation – Liberty Live Series C $LLYVK

SG Americas Securities LLC reduced its holdings in shares of Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) by 98.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,704 shares of the company’s stock after selling 601,695 shares during the period. SG Americas Securities LLC’s holdings in Liberty Media Corporation – Liberty Live Series C were worth $725,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Kelleher Financial Advisors purchased a new stake in shares of Liberty Media Corporation – Liberty Live Series C in the 3rd quarter valued at $26,000. Global Retirement Partners LLC purchased a new position in Liberty Media Corporation – Liberty Live Series C in the 4th quarter worth $43,000. Align Financial LLC bought a new stake in Liberty Media Corporation – Liberty Live Series C in the fourth quarter worth $48,000. Schroder Investment Management Group bought a new stake in Liberty Media Corporation – Liberty Live Series C in the third quarter worth $57,000. Finally, Quarry LP purchased a new stake in Liberty Media Corporation – Liberty Live Series C during the fourth quarter valued at about $134,000. 60.36% of the stock is currently owned by institutional investors.

Liberty Media Corporation – Liberty Live Series C Stock Up 1.3%

Shares of Liberty Media Corporation – Liberty Live Series C stock opened at $107.60 on Tuesday. The company’s fifty day simple moving average is $98.34 and its two-hundred day simple moving average is $93.16. Liberty Media Corporation – Liberty Live Series C has a 12-month low of $76.30 and a 12-month high of $108.97. The firm has a market cap of $9.90 billion, a PE ratio of -30.44 and a beta of 0.94.

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

Analysts Set New Price Targets

LLYVK has been the topic of a number of recent research reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Liberty Media Corporation – Liberty Live Series C in a research note on Friday, May 29th. 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. Finally, Zacks Research cut Liberty Media Corporation – Liberty Live Series C from a “hold” rating to a “strong sell” rating in a research note on Monday, June 1st. Two investment analysts have rated the stock with a Sell rating, According to MarketBeat, Liberty Media Corporation – Liberty Live Series C currently has an average rating of “Sell”.

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.