Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) Stock Price Crosses Above 50 Day Moving Average – Here’s Why

Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) shares crossed above its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of $100.05 and traded as high as $100.57. Liberty Media Corporation – Liberty Live Series C shares last traded at $100.28, with a volume of 294,600 shares traded.

Wall Street Analyst Weigh In

LLYVK has been the subject of a number of recent research reports. Zacks Research upgraded Liberty Media Corporation – Liberty Live Series C from a “strong sell” rating to a “hold” rating in a research note on Friday, October 9th. Wall Street Zen raised Liberty Media Corporation – Liberty Live Series C from a “sell” rating to a “hold” rating in a report on Saturday, September 5th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Liberty Media Corporation – Liberty Live Series C in a research note on Wednesday, August 26th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Liberty Media Corporation – Liberty Live Series C currently has an average rating of “Reduce”.

Liberty Media Corporation – Liberty Live Series C Stock Performance

The stock has a 50-day moving average price of $100.05 and a 200 day moving average price of $97.18.

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

Insider Buying and Selling

In other Liberty Media Corporation – Liberty Live Series C news, major shareholder John Malone sold 29,593 shares of the stock in a transaction on Thursday, September 24th. The shares were sold at an average price of $98.16, for a total transaction of $2,904,848.88. Following the transaction, the insider directly owned 3,186,342 shares of the company’s stock, valued at $312,771,330.72. This trade represents a 0.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Institutional Trading of Liberty Media Corporation – Liberty Live Series C

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Western Wealth Management LLC acquired a new position in shares of Liberty Media Corporation – Liberty Live Series C during the 1st quarter worth about $29,000. EverSource Wealth Advisors LLC increased its stake in Liberty Media Corporation – Liberty Live Series C by 83.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 507 shares of the company’s stock worth $48,000 after buying an additional 230 shares in the last quarter. GAMMA Investing LLC increased its stake in Liberty Media Corporation – Liberty Live Series C by 21.8% during the 2nd quarter. GAMMA Investing LLC now owns 654 shares of the company’s stock worth $69,000 after buying an additional 117 shares in the last quarter. Versant Capital Management Inc increased its stake in Liberty Media Corporation – Liberty Live Series C by 35.4% during the 2nd quarter. Versant Capital Management Inc now owns 1,112 shares of the company’s stock worth $117,000 after buying an additional 291 shares in the last quarter. Finally, Bessemer Group Inc. raised its holdings in shares of Liberty Media Corporation – Liberty Live Series C by 11.5% during the first quarter. Bessemer Group Inc. now owns 1,472 shares of the company’s stock valued at $139,000 after acquiring an additional 152 shares during the last quarter. Hedge funds and other institutional investors own 60.36% of the company’s stock.

Liberty Media Corporation – Liberty Live Series C Company Profile

Liberty Media Corporation’s Liberty Live Group is represented by its Series C tracking stock, traded on the Nasdaq under the symbol LLYVK. A tracking stock is designed to reflect the economic performance of a specific business group within a broader corporate structure rather than the performance of Liberty Media as a whole.

The Liberty Live Group primarily represents Liberty Media’s investment in Live Nation Entertainment, a global live entertainment company. Live Nation promotes concerts and events, operates and manages entertainment venues, and provides ticketing services through its Ticketmaster business.