Norges Bank Acquires Shares of 740,086 Liberty Media Corporation – Liberty Live Series C $LLYVK

Norges Bank acquired a new stake in Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) in the 4th quarter, according to the company in its most recent filing with the SEC. The firm acquired 740,086 shares of the company’s stock, valued at approximately $61,546,000. Norges Bank owned about 0.81% of Liberty Media Corporation – Liberty Live Series C as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Geode Capital Management LLC increased its stake in shares of Liberty Media Corporation – Liberty Live Series C by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 884,548 shares of the company’s stock worth $73,582,000 after purchasing an additional 10,106 shares during the last quarter. Global Retirement Partners LLC purchased a new stake in shares of Liberty Media Corporation – Liberty Live Series C during the 4th quarter worth approximately $43,000. PNC Financial Services Group Inc. increased its stake in shares of Liberty Media Corporation – Liberty Live Series C by 8.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,910 shares of the company’s stock worth $242,000 after purchasing an additional 230 shares during the last quarter. HighTower Advisors LLC increased its stake in shares of Liberty Media Corporation – Liberty Live Series C by 6.2% during the 4th quarter. HighTower Advisors LLC now owns 3,228 shares of the company’s stock worth $268,000 after purchasing an additional 189 shares during the last quarter. Finally, Gamco Investors INC. ET AL increased its stake in shares of Liberty Media Corporation – Liberty Live Series C by 4.0% during the 4th quarter. Gamco Investors INC. ET AL now owns 67,759 shares of the company’s stock worth $5,635,000 after purchasing an additional 2,606 shares during the last quarter. Hedge funds and other institutional investors own 60.36% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on LLYVK. 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. Zacks Research lowered shares of Liberty Media Corporation – Liberty Live Series C from a “hold” rating to a “strong sell” rating in a research note on Monday, June 1st. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Liberty Media Corporation – Liberty Live Series C in a research note on Friday, May 29th. Two investment analysts have rated the stock with a Sell rating, Based on data from MarketBeat, the company has a consensus rating of “Sell”.

Liberty Media Corporation – Liberty Live Series C Stock Performance

Liberty Media Corporation – Liberty Live Series C stock opened at $93.35 on Monday. Liberty Media Corporation – Liberty Live Series C has a 1-year low of $73.10 and a 1-year high of $102.62. The firm has a market capitalization of $8.59 billion, a price-to-earnings ratio of -26.37 and a beta of 0.97. The firm has a 50 day simple moving average of $96.28 and a 200 day simple moving average of $90.29.

Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) last released its quarterly earnings data on Thursday, May 7th. The company reported ($3.20) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by ($3.07). The company had revenue of $63.62 million for the quarter, compared to analyst estimates of $70.40 million. On average, equities research analysts forecast that Liberty Media Corporation – Liberty Live Series C will post -3.3 EPS for the current year.

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.