Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) Stock Price Up 2.5% – Still a Buy?

Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK)’s share price rose 2.5% on Tuesday. The company traded as high as $100.74 and last traded at $100.49. Approximately 365,344 shares were traded during trading, an increase of 37% from the average daily volume of 267,319 shares. The stock had previously closed at $98.05.

Wall Street Analyst Weigh In

LLYVK has been the topic of a number of recent research reports. Zacks Research upgraded Liberty Media Corporation – Liberty Live Series C from a “strong sell” rating to a “hold” rating in a research note on Friday, October 9th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Liberty Media Corporation – Liberty Live Series C in a research note on Wednesday, August 26th. Finally, Wall Street Zen upgraded Liberty Media Corporation – Liberty Live Series C from a “sell” rating to a “hold” rating in a report on Saturday, September 5th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Reduce”.

Liberty Media Corporation – Liberty Live Series C Price Performance

The firm has a 50-day moving average price of $100.33 and a 200 day moving average price of $99.96.

Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) last released its quarterly earnings data on Thursday, August 6th. The company reported ($2.92) earnings per share for the quarter, missing the consensus estimate of $0.42 by ($3.34). The company had revenue of $147.06 million for the quarter, compared to analysts’ expectations of $93.63 million. Research analysts expect that Liberty Media Corporation – Liberty Live Series C will post -7.69 earnings per share for the current year.

Insider Transactions at Liberty Media Corporation – Liberty Live Series C

In other news, major shareholder John Malone sold 29,593 shares of the company’s stock in a transaction that occurred on Thursday, September 24th. The shares were sold at an average price of $98.16, for a total value of $2,904,848.88. Following the completion of the sale, the insider directly owned 3,186,342 shares of the company’s stock, valued at approximately $312,771,330.72. This represents a 0.92% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Institutional Investors Weigh In On Liberty Media Corporation – Liberty Live Series C

A number of institutional investors have recently added to or reduced their stakes in LLYVK. Principal Financial Group Inc. boosted its holdings in Liberty Media Corporation – Liberty Live Series C by 5.3% during the first quarter. Principal Financial Group Inc. now owns 1,908,977 shares of the company’s stock worth $179,656,000 after buying an additional 96,288 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in Liberty Media Corporation – Liberty Live Series C by 10.1% in the first quarter. Allspring Global Investments Holdings LLC now owns 625,806 shares of the company’s stock worth $59,351,000 after buying an additional 57,478 shares during the last quarter. Bank of America Corp DE grew its position in Liberty Media Corporation – Liberty Live Series C by 63.7% in the first quarter. Bank of America Corp DE now owns 382,068 shares of the company’s stock worth $35,956,000 after buying an additional 148,698 shares during the last quarter. S&CO Inc. bought a new position in shares of Liberty Media Corporation – Liberty Live Series C in the second quarter valued at $23,459,000. Finally, Whitebox Advisors LLC bought a new position in shares of Liberty Media Corporation – Liberty Live Series C in the first quarter valued at $15,192,000. 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’s Liberty Live Group is represented by its Series C tracking stock, traded on the Nasdaq under the symbol LLYVK. A tracking stock is designed to reflect the economic performance of a specific business group within a broader corporate structure rather than the performance of Liberty Media as a whole.

The Liberty Live Group primarily represents Liberty Media’s investment in Live Nation Entertainment, a global live entertainment company. Live Nation promotes concerts and events, operates and manages entertainment venues, and provides ticketing services through its Ticketmaster business.