Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) Hits New 12-Month High – Should You Buy?

Shares of Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $102.81 and last traded at $102.4650, with a volume of 421150 shares traded. The stock had previously closed at $99.53.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on LLYVK shares. Zacks Research downgraded shares of Liberty Media Corporation – Liberty Live Series C from a “hold” rating to a “strong sell” rating in a research report on Monday, June 1st. Weiss Ratings reissued a “sell (d-)” rating on shares of Liberty Media Corporation – Liberty Live Series C in a research report on Friday, May 29th. Finally, Wall Street Zen raised shares of Liberty Media Corporation – Liberty Live Series C from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Two research analysts have rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Liberty Media Corporation – Liberty Live Series C Stock Performance

The company has a market capitalization of $9.27 billion, a PE ratio of -28.48 and a beta of 0.97. The stock’s 50 day moving average is $96.88 and its 200 day moving average is $90.86.

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 analysts’ consensus estimates of ($0.13) by ($3.07). The company had revenue of $63.62 million for the quarter, compared to the consensus estimate of $70.40 million. On average, equities research analysts forecast that Liberty Media Corporation – Liberty Live Series C will post -3.3 EPS for the current fiscal year.

Institutional Trading of Liberty Media Corporation – Liberty Live Series C

A number of institutional investors have recently modified their holdings of the business. T. Rowe Price Investment Management Inc. lifted its stake in Liberty Media Corporation – Liberty Live Series C by 5.6% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 10,315,091 shares of the company’s stock worth $857,803,000 after purchasing an additional 551,011 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Liberty Media Corporation – Liberty Live Series C by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 4,721,823 shares of the company’s stock worth $392,667,000 after purchasing an additional 63,117 shares during the period. ValueAct Holdings L.P. increased its holdings in shares of Liberty Media Corporation – Liberty Live Series C by 2.5% in the fourth quarter. ValueAct Holdings L.P. now owns 3,603,988 shares of the company’s stock worth $299,708,000 after purchasing an additional 88,100 shares during the period. Morgan Stanley increased its holdings in shares of Liberty Media Corporation – Liberty Live Series C by 1.0% in the fourth quarter. Morgan Stanley now owns 2,062,231 shares of the company’s stock worth $171,495,000 after purchasing an additional 20,587 shares during the period. Finally, Principal Financial Group Inc. increased its holdings in shares of Liberty Media Corporation – Liberty Live Series C by 5.3% in the first quarter. Principal Financial Group Inc. now owns 1,908,977 shares of the company’s stock worth $179,656,000 after purchasing an additional 96,288 shares during the period. 60.36% of the stock is currently owned by hedge funds and other institutional investors.

Liberty Media Corporation – Liberty Live Series C Company 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.