Bamco Inc. NY Boosts Stock Holdings in Liberty Media Corporation – Liberty Live Series C $LLYVK

Bamco Inc. NY increased its position in shares of Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) by 10.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,613,666 shares of the company’s stock after purchasing an additional 154,756 shares during the period. Bamco Inc. NY owned approximately 1.76% of Liberty Media Corporation – Liberty Live Series C worth $134,192,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in LLYVK. Kelleher Financial Advisors purchased a new position in Liberty Media Corporation – Liberty Live Series C during the third quarter worth about $26,000. Global Retirement Partners LLC purchased a new position in Liberty Media Corporation – Liberty Live Series C during the fourth quarter worth about $43,000. Align Financial LLC purchased a new position in Liberty Media Corporation – Liberty Live Series C during the fourth quarter worth about $48,000. Schroder Investment Management Group acquired a new position in Liberty Media Corporation – Liberty Live Series C during the third quarter worth about $57,000. Finally, Aster Capital Management DIFC Ltd acquired a new position in Liberty Media Corporation – Liberty Live Series C during the third quarter worth about $83,000. 60.36% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on LLYVK. Zacks Research lowered 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 restated 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 upgraded 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, According to MarketBeat, Liberty Media Corporation – Liberty Live Series C currently has a consensus rating of “Sell”.

Liberty Media Corporation – Liberty Live Series C Trading Down 2.4%

Shares of LLYVK opened at $99.38 on Thursday. The firm’s 50-day moving average is $97.06 and its two-hundred day moving average is $91.41. The firm has a market capitalization of $9.14 billion, a P/E ratio of -28.07 and a beta of 0.97. Liberty Media Corporation – Liberty Live Series C has a twelve month low of $76.30 and a twelve month high of $104.20.

Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) last released its quarterly earnings results on Thursday, May 7th. The company reported ($3.20) EPS for the quarter, missing the consensus estimate of ($0.13) by ($3.07). The firm had revenue of $63.62 million for the quarter, compared to analyst estimates of $70.40 million. Analysts predict that Liberty Media Corporation – Liberty Live Series C will post -3.3 EPS for the current year.

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.