Kornitzer Capital Management Inc. KS Decreases Stake in Liberty Media Corporation – Liberty Live Series C $LLYVK

Kornitzer Capital Management Inc. KS lessened its holdings in shares of Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) by 28.6% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 25,000 shares of the company’s stock after selling 10,000 shares during the quarter. Kornitzer Capital Management Inc. KS’s holdings in Liberty Media Corporation – Liberty Live Series C were worth $2,353,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the business. AQR Capital Management LLC increased its position in shares of Liberty Media Corporation – Liberty Live Series C by 47.6% in the first quarter. AQR Capital Management LLC now owns 14,639 shares of the company’s stock worth $983,000 after acquiring an additional 4,719 shares in the last quarter. Jane Street Group LLC purchased a new position in shares of Liberty Media Corporation – Liberty Live Series C in the 1st quarter valued at $1,018,000. Invesco Ltd. lifted its holdings in shares of Liberty Media Corporation – Liberty Live Series C by 9.1% during the 2nd quarter. Invesco Ltd. now owns 96,925 shares of the company’s stock valued at $7,866,000 after acquiring an additional 8,110 shares in the last quarter. First Trust Advisors LP increased its holdings in Liberty Media Corporation – Liberty Live Series C by 63.5% in the 2nd quarter. First Trust Advisors LP now owns 61,354 shares of the company’s stock valued at $4,979,000 after purchasing an additional 23,827 shares in the last quarter. Finally, State Street Corp increased its holdings in Liberty Media Corporation – Liberty Live Series C by 2.2% in the 2nd quarter. State Street Corp now owns 825,898 shares of the company’s stock valued at $67,030,000 after purchasing an additional 17,989 shares in the last quarter. Hedge funds and other institutional investors own 60.36% of the company’s stock.

Liberty Media Corporation – Liberty Live Series C Stock Performance

LLYVK opened at $103.21 on Monday. Liberty Media Corporation – Liberty Live Series C has a twelve month low of $76.30 and a twelve month high of $108.97. The firm has a market cap of $9.50 billion, a price-to-earnings ratio of -29.16 and a beta of 0.94. The company has a fifty day simple moving average of $99.60 and a 200 day simple moving average of $93.91.

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 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, analysts forecast that Liberty Media Corporation – Liberty Live Series C will post -3.3 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on LLYVK shares. 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. Weiss Ratings reiterated a “sell (d-)” rating on shares of Liberty Media Corporation – Liberty Live Series C in a report on Friday, May 29th. 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, the company has a consensus rating of “Sell”.

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.