Whitebox Advisors LLC Purchases Shares of 161,429 Liberty Media Corporation – Liberty Live Series C $LLYVK

Whitebox Advisors LLC purchased a new stake in Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 161,429 shares of the company’s stock, valued at approximately $15,192,000.

Several other institutional investors and hedge funds also recently modified their holdings of LLYVK. Bessemer Group Inc. grew 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 worth $139,000 after buying an additional 152 shares in the last quarter. HighTower Advisors LLC lifted its stake in Liberty Media Corporation – Liberty Live Series C by 6.2% in the 4th quarter. HighTower Advisors LLC now owns 3,228 shares of the company’s stock valued at $268,000 after acquiring an additional 189 shares in the last quarter. Ethic Inc. lifted its stake in Liberty Media Corporation – Liberty Live Series C by 2.6% in the 4th quarter. Ethic Inc. now owns 9,036 shares of the company’s stock valued at $751,000 after acquiring an additional 225 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in Liberty Media Corporation – Liberty Live Series C by 8.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,910 shares of the company’s stock valued at $242,000 after acquiring an additional 230 shares in the last quarter. Finally, Public Employees Retirement System of Ohio boosted its position in Liberty Media Corporation – Liberty Live Series C by 1.8% during the 1st quarter. Public Employees Retirement System of Ohio now owns 14,019 shares of the company’s stock worth $1,319,000 after acquiring an additional 248 shares during the last quarter. 60.36% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on LLYVK shares. Wall Street Zen raised shares of Liberty Media Corporation – Liberty Live Series C from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Zacks Research raised shares of Liberty Media Corporation – Liberty Live Series C from a “strong sell” rating to a “hold” rating in a research report on Friday, July 10th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Liberty Media Corporation – Liberty Live Series C in a report on Friday, May 29th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Reduce”.

Liberty Media Corporation – Liberty Live Series C Stock Performance

NASDAQ:LLYVK opened at $99.04 on Monday. Liberty Media Corporation – Liberty Live Series C has a 52-week low of $76.93 and a 52-week high of $108.97. The company has a market cap of $9.11 billion, a P/E ratio of -27.98 and a beta of 0.94. The stock’s 50-day simple moving average is $100.49 and its 200 day simple moving average is $95.13.

Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) last issued 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 company had revenue of $63.62 million during the quarter, compared to analysts’ expectations of $70.40 million. As a group, equities analysts predict that Liberty Media Corporation – Liberty Live Series C will post -3.3 earnings per share for the current fiscal 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.