Empyrean Capital Partners LP Has $11.17 Million Holdings in Liberty Media Corporation – Liberty Live Series C $LLYVK

Empyrean Capital Partners LP cut its position in shares of Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) by 23.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 134,300 shares of the company’s stock after selling 41,471 shares during the period. Empyrean Capital Partners LP owned about 0.15% of Liberty Media Corporation – Liberty Live Series C worth $11,168,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of LLYVK. Norges Bank bought a new stake in shares of Liberty Media Corporation – Liberty Live Series C during the fourth quarter valued at approximately $61,546,000. SG Americas Securities LLC increased its position in shares of Liberty Media Corporation – Liberty Live Series C by 1,012.6% during the fourth quarter. SG Americas Securities LLC now owns 609,399 shares of the company’s stock valued at $50,678,000 after purchasing an additional 554,625 shares during the period. Dimensional Fund Advisors LP bought a new stake in shares of Liberty Media Corporation – Liberty Live Series C during the fourth quarter valued at approximately $34,303,000. Woodline Partners LP bought a new stake in shares of Liberty Media Corporation – Liberty Live Series C during the third quarter valued at approximately $21,766,000. Finally, Amundi increased its position in shares of Liberty Media Corporation – Liberty Live Series C by 98.9% during the third quarter. Amundi now owns 425,952 shares of the company’s stock valued at $38,357,000 after purchasing an additional 211,762 shares during the period. 60.36% of the stock is currently owned by institutional investors.

Liberty Media Corporation – Liberty Live Series C Price Performance

Shares of LLYVK stock opened at $99.38 on Thursday. The stock’s fifty day simple moving average is $97.06 and its 200 day simple moving average is $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 one year low of $76.30 and a one year high of $104.20.

Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) last announced its quarterly earnings results on Thursday, May 7th. The company reported ($3.20) EPS 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. On average, research analysts anticipate that Liberty Media Corporation – Liberty Live Series C will post -3.3 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on LLYVK. Wall Street Zen upgraded Liberty Media Corporation – Liberty Live Series C from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. 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. Finally, 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. Two research analysts have rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average rating of “Sell”.

Liberty Media Corporation – Liberty Live Series C 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.