Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) Cut to Strong Sell at Zacks Research

Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) was downgraded by analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued on Wednesday,Zacks.com reports.

Several other equities research analysts have also commented on LLYVK. Weiss Ratings reissued a “sell (d)” rating on shares of Liberty Media Corporation – Liberty Live Series C in a report on Thursday, January 22nd. Wall Street Zen raised Liberty Media Corporation – Liberty Live Series C to a “sell” rating in a report on Saturday, February 28th. Two research analysts have rated the stock with a Sell rating, According to MarketBeat.com, the company currently has a consensus rating of “Sell”.

Liberty Media Corporation – Liberty Live Series C Trading Up 1.3%

Shares of NASDAQ:LLYVK opened at $98.42 on Wednesday. The company has a market capitalization of $9.04 billion, a PE ratio of -189.27 and a beta of 1.26. Liberty Media Corporation – Liberty Live Series C has a 12-month low of $60.55 and a 12-month high of $102.62. The business has a 50 day moving average of $87.62 and a two-hundred day moving average of $89.01.

Insider Buying and Selling

In other news, major shareholder Berkshire Hathaway Inc sold 66,568 shares of the business’s stock in a transaction dated Monday, January 12th. The shares were sold at an average price of $83.27, for a total transaction of $5,543,117.36. Following the transaction, the insider owned 10,703,007 shares of the company’s stock, valued at approximately $891,239,392.89. The trade was a 0.62% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Chase Carey sold 83,536 shares of Liberty Media Corporation – Liberty Live Series C stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $96.95, for a total transaction of $8,098,815.20. Following the transaction, the director directly owned 94,356 shares in the company, valued at $9,147,814.20. This trade represents a 46.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 497,554 shares of company stock worth $43,484,018.

Institutional Trading of Liberty Media Corporation – Liberty Live Series C

Several institutional investors have recently made changes to their positions in the company. TD Private Client Wealth LLC purchased a new position in Liberty Media Corporation – Liberty Live Series C in the third quarter worth approximately $26,000. Kelleher Financial Advisors acquired a new stake in shares of Liberty Media Corporation – Liberty Live Series C during the third quarter valued at about $26,000. Mather Group LLC. acquired a new stake in Liberty Media Corporation – Liberty Live Series C in the 3rd quarter valued at approximately $43,000. Global Retirement Partners LLC purchased a new stake in Liberty Media Corporation – Liberty Live Series C in the fourth quarter valued at approximately $43,000. Finally, Align Financial LLC purchased a new position in shares of Liberty Media Corporation – Liberty Live Series C during the fourth quarter worth $48,000. Hedge funds and other institutional investors own 60.36% of the company’s stock.

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.