London Co. of Virginia Increases Stock Position in Liberty Media Corporation – Liberty Live Series C $LLYVK

London Co. of Virginia raised its holdings in Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) by 5.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 178,952 shares of the company’s stock after purchasing an additional 9,843 shares during the quarter. London Co. of Virginia owned 0.19% of Liberty Media Corporation – Liberty Live Series C worth $14,882,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in LLYVK. Kelleher Financial Advisors purchased a new position in shares of Liberty Media Corporation – Liberty Live Series C during the 3rd quarter worth $26,000. Global Retirement Partners LLC purchased a new position in shares of Liberty Media Corporation – Liberty Live Series C during the 4th quarter worth $43,000. Schroder Investment Management Group purchased a new position in shares of Liberty Media Corporation – Liberty Live Series C during the 3rd quarter worth $57,000. Aster Capital Management DIFC Ltd purchased a new position in shares of Liberty Media Corporation – Liberty Live Series C during the 3rd quarter worth $83,000. Finally, Quarry LP purchased a new position in shares of Liberty Media Corporation – Liberty Live Series C during the 4th quarter worth $134,000. Hedge funds and other institutional investors own 60.36% of the company’s stock.

Liberty Media Corporation – Liberty Live Series C Trading Up 1.2%

Shares of LLYVK opened at $101.80 on Wednesday. The firm has a market capitalization of $9.37 billion, a P/E ratio of -28.76 and a beta of 0.97. The stock’s fifty day simple moving average is $97.05 and its 200 day simple moving average is $91.27. Liberty Media Corporation – Liberty Live Series C has a twelve month low of $74.46 and a twelve month high of $104.20.

Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) last issued its earnings results on Thursday, May 7th. The company reported ($3.20) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($3.07). The company had revenue of $63.62 million during the quarter, compared to analyst estimates of $70.40 million. Sell-side analysts predict that Liberty Media Corporation – Liberty Live Series C will post -3.3 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Zacks Research lowered 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 reissued a “sell (d-)” rating on shares of Liberty Media Corporation – Liberty Live Series C in a research note 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 note on Saturday, May 9th. Two investment analysts have rated the stock with a Sell rating, According to data from MarketBeat.com, the stock 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.