ING Groep NV Invests $1.80 Million in Liberty Media Corporation – Liberty Live Series C $LLYVK

ING Groep NV bought a new position in shares of Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 21,600 shares of the company’s stock, valued at approximately $1,796,000.

A number of other institutional investors have also modified their holdings of the company. Kelleher Financial Advisors purchased a new position in Liberty Media Corporation – Liberty Live Series C in the 3rd quarter worth approximately $26,000. Global Retirement Partners LLC purchased a new position in Liberty Media Corporation – Liberty Live Series C in the 4th quarter worth approximately $43,000. Schroder Investment Management Group purchased a new position in Liberty Media Corporation – Liberty Live Series C in the 3rd quarter worth approximately $57,000. Aster Capital Management DIFC Ltd purchased a new position in Liberty Media Corporation – Liberty Live Series C in the 3rd quarter worth approximately $83,000. Finally, Bessemer Group Inc. boosted its holdings in Liberty Media Corporation – Liberty Live Series C by 579.3% in the 3rd quarter. Bessemer Group Inc. now owns 1,216 shares of the company’s stock worth $118,000 after acquiring an additional 1,037 shares during the period. Hedge funds and other institutional investors own 60.36% of the company’s stock.

Wall Street Analyst Weigh In

LLYVK has been the subject of a number of analyst reports. Weiss Ratings restated a “sell (d-)” rating on shares of Liberty Media Corporation – Liberty Live Series C in a report on Friday, May 29th. Zacks Research cut Liberty Media Corporation – Liberty Live Series C from a “hold” rating to a “strong sell” rating in a report on Monday, June 1st. Finally, Wall Street Zen upgraded Liberty Media Corporation – Liberty Live Series C from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Two analysts have rated the stock with a Sell rating, According to data from MarketBeat, the company has an average rating of “Sell”.

Liberty Media Corporation – Liberty Live Series C Stock Up 2.1%

Shares of LLYVK opened at $94.66 on Wednesday. The business’s 50 day moving average is $96.42 and its two-hundred day moving average is $90.50. Liberty Media Corporation – Liberty Live Series C has a 52-week low of $73.10 and a 52-week high of $102.62. The firm has a market cap of $8.71 billion, a price-to-earnings ratio of -26.74 and a beta of 0.97.

Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) last announced its earnings results on Thursday, May 7th. The company reported ($3.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.13) by ($3.07). The business had revenue of $63.62 million during the quarter, compared to the consensus estimate of $70.40 million. On average, equities analysts expect 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.