Royal Bank of Canada Boosts Stock Holdings in Liberty Media Corporation – Liberty Live Series C $LLYVK

Royal Bank of Canada raised its stake in Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) by 18.2% during the first quarter, HoldingsChannel.com reports. The fund owned 33,494 shares of the company’s stock after purchasing an additional 5,154 shares during the quarter. Royal Bank of Canada’s holdings in Liberty Media Corporation – Liberty Live Series C were worth $3,152,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Kelleher Financial Advisors purchased a new position in shares of Liberty Media Corporation – Liberty Live Series C during the third quarter valued at about $26,000. Global Retirement Partners LLC purchased a new stake in shares of Liberty Media Corporation – Liberty Live Series C in the fourth quarter worth about $43,000. Align Financial LLC bought a new position in Liberty Media Corporation – Liberty Live Series C during the fourth quarter valued at approximately $48,000. Schroder Investment Management Group bought a new position in Liberty Media Corporation – Liberty Live Series C during the third quarter valued at approximately $57,000. Finally, Bessemer Group Inc. grew its holdings in Liberty Media Corporation – Liberty Live Series C by 11.5% during the 1st quarter. Bessemer Group Inc. now owns 1,472 shares of the company’s stock valued at $139,000 after buying an additional 152 shares in the last quarter. Hedge funds and other institutional investors own 60.36% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on LLYVK shares. 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. Zacks Research downgraded Liberty Media Corporation – Liberty Live Series C from a “hold” rating to a “strong sell” rating in a research report on Wednesday. Finally, Wall Street Zen lowered shares of Liberty Media Corporation – Liberty Live Series C from a “hold” rating to a “sell” rating in a report on Saturday. Two analysts have rated the stock with a Sell rating, According to MarketBeat.com, the company has a consensus rating of “Sell”.

Liberty Media Corporation – Liberty Live Series C Trading Up 0.9%

Shares of NASDAQ LLYVK opened at $108.86 on Friday. Liberty Media Corporation – Liberty Live Series C has a 12-month low of $76.93 and a 12-month high of $109.75. The firm’s 50-day moving average price is $102.53 and its 200-day moving average price is $97.25. The stock has a market capitalization of $10.02 billion, a price-to-earnings ratio of -24.03 and a beta of 0.97.

Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) last released its quarterly earnings results on Thursday, August 6th. The company reported ($2.92) EPS for the quarter, missing the consensus estimate of $0.42 by ($3.34). The company had revenue of $147.06 million during the quarter, compared to the consensus estimate of $93.63 million. On average, equities analysts predict that Liberty Media Corporation – Liberty Live Series C will post -7.69 EPS for the current fiscal year.

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.