Liberty Media Corporation – Liberty Live Series C $LLYVK Shares Acquired by Bamco Inc. NY

Bamco Inc. NY grew its holdings in Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) by 10.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,613,666 shares of the company’s stock after purchasing an additional 154,756 shares during the quarter. Bamco Inc. NY’s holdings in Liberty Media Corporation – Liberty Live Series C were worth $134,192,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Greenland Capital Management LP raised its stake in Liberty Media Corporation – Liberty Live Series C by 385.0% during the third quarter. Greenland Capital Management LP now owns 26,582 shares of the company’s stock worth $2,578,000 after purchasing an additional 21,101 shares during the period. Principal Financial Group Inc. raised its stake in Liberty Media Corporation – Liberty Live Series C by 7.4% during the fourth quarter. Principal Financial Group Inc. now owns 1,812,689 shares of the company’s stock worth $150,744,000 after purchasing an additional 124,223 shares during the period. Quantbot Technologies LP purchased a new position in Liberty Media Corporation – Liberty Live Series C during the third quarter worth approximately $1,790,000. Vanguard Group Inc. raised its stake in Liberty Media Corporation – Liberty Live Series C by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 4,721,823 shares of the company’s stock worth $392,667,000 after purchasing an additional 63,117 shares during the period. Finally, DAVENPORT & Co LLC raised its stake in Liberty Media Corporation – Liberty Live Series C by 81.7% during the fourth quarter. DAVENPORT & Co LLC now owns 166,490 shares of the company’s stock worth $13,874,000 after purchasing an additional 74,883 shares during the period. 60.36% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

LLYVK has been the topic of a number of recent analyst reports. Zacks Research downgraded 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. Wall Street Zen raised 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. Finally, 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. Two investment analysts have rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has an average rating of “Sell”.

Liberty Media Corporation – Liberty Live Series C Trading Down 2.4%

LLYVK opened at $99.38 on Thursday. The company has a fifty day simple moving average of $97.06 and a 200 day simple moving average of $91.41. The firm has a market cap of $9.14 billion, a price-to-earnings ratio of -28.07 and a beta of 0.97. Liberty Media Corporation – Liberty Live Series C has a twelve month low of $76.30 and a twelve month high of $104.20.

Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) last announced its quarterly earnings data 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 business had revenue of $63.62 million for the quarter, compared to the consensus estimate 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.

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.