SG Americas Securities LLC Cuts Holdings in Liberty Media Corporation – Liberty Live Series C $LLYVK

SG Americas Securities LLC reduced its holdings in shares of Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) by 98.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,704 shares of the company’s stock after selling 601,695 shares during the quarter. SG Americas Securities LLC’s holdings in Liberty Media Corporation – Liberty Live Series C were worth $725,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of LLYVK. Principal Financial Group Inc. lifted its position in shares of Liberty Media Corporation – Liberty Live Series C by 7.4% during the 4th quarter. Principal Financial Group Inc. now owns 1,812,689 shares of the company’s stock valued at $150,744,000 after buying an additional 124,223 shares during the last quarter. Vanguard Group Inc. increased its holdings in Liberty Media Corporation – Liberty Live Series C by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 4,721,823 shares of the company’s stock worth $392,667,000 after acquiring an additional 63,117 shares during the last quarter. Oak Thistle LLC purchased a new stake in Liberty Media Corporation – Liberty Live Series C in the 4th quarter worth about $2,410,000. DAVENPORT & Co LLC raised its stake in Liberty Media Corporation – Liberty Live Series C by 81.7% in the 4th quarter. DAVENPORT & Co LLC now owns 166,490 shares of the company’s stock valued at $13,874,000 after acquiring an additional 74,883 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its holdings in Liberty Media Corporation – Liberty Live Series C by 3.3% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 568,328 shares of the company’s stock valued at $47,830,000 after purchasing an additional 18,301 shares during the last quarter. Institutional investors own 60.36% of the company’s stock.

Liberty Media Corporation – Liberty Live Series C Price Performance

Shares of Liberty Media Corporation – Liberty Live Series C stock opened at $107.60 on Tuesday. Liberty Media Corporation – Liberty Live Series C has a 1 year low of $76.30 and a 1 year high of $108.97. The firm has a market cap of $9.90 billion, a PE ratio of -30.44 and a beta of 0.94. The company has a 50 day simple moving average of $98.34 and a two-hundred day simple moving average of $93.16.

Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) last issued its quarterly earnings results on Thursday, May 7th. The company reported ($3.20) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($3.07). The firm had revenue of $63.62 million for the quarter, compared to analysts’ expectations of $70.40 million. As a group, research analysts anticipate that Liberty Media Corporation – Liberty Live Series C will post -3.3 earnings per share for the current year.

Wall Street Analyst Weigh In

LLYVK has been the subject of several recent research 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. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Liberty Media Corporation – Liberty Live Series C in a report on Friday, May 29th. Finally, 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. Two equities research analysts have rated the stock with a Sell rating, According to MarketBeat.com, Liberty Media Corporation – Liberty Live Series C presently 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.