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 research report issued on Wednesday,Zacks.com reports.

A number of other brokerages have also recently commented on LLYVK. 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 shares of Liberty Media Corporation – Liberty Live Series C from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Two research analysts have rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of “Sell”.

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

Shares of LLYVK opened at $107.87 on Wednesday. Liberty Media Corporation – Liberty Live Series C has a 52 week low of $76.93 and a 52 week high of $108.97. The company has a market capitalization of $9.92 billion, a price-to-earnings ratio of -23.81 and a beta of 0.97. The stock’s 50-day moving average price is $102.22 and its 200-day moving average price is $97.16.

Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) last posted its earnings results on Thursday, August 6th. The company reported ($2.92) EPS for the quarter, missing the consensus estimate of $0.42 by ($3.34). The company had revenue of $147.06 million during the quarter, compared to analysts’ expectations of $93.63 million. As a group, equities analysts anticipate that Liberty Media Corporation – Liberty Live Series C will post -7.69 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Kelleher Financial Advisors acquired a new stake 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 during the first quarter worth $29,000. Global Retirement Partners LLC acquired a new position in Liberty Media Corporation – Liberty Live Series C during the fourth quarter worth $43,000. EverSource Wealth Advisors LLC raised its position in Liberty Media Corporation – Liberty Live Series C by 83.0% during the first quarter. EverSource Wealth Advisors LLC now owns 507 shares of the company’s stock worth $48,000 after acquiring an additional 230 shares during the period. Finally, Align Financial LLC purchased a new position in Liberty Media Corporation – Liberty Live Series C during the fourth quarter valued at $48,000. Hedge funds and other institutional investors own 60.36% of the company’s stock.

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.