T. Rowe Price Investment Management Inc. Increases Holdings in Liberty Media Corporation – Liberty Live Series C $LLYVK

T. Rowe Price Investment Management Inc. increased its position in Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) by 5.6% during the 4th quarter, Holdings Channel reports. The firm owned 10,315,091 shares of the company’s stock after acquiring an additional 551,011 shares during the quarter. T. Rowe Price Investment Management Inc. owned about 0.11% of Liberty Media Corporation – Liberty Live Series C worth $857,803,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in Liberty Media Corporation – Liberty Live Series C by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 4,721,823 shares of the company’s stock valued at $392,667,000 after purchasing an additional 63,117 shares in the last quarter. ValueAct Holdings L.P. grew its position in shares of Liberty Media Corporation – Liberty Live Series C by 2.5% during the 4th quarter. ValueAct Holdings L.P. now owns 3,603,988 shares of the company’s stock worth $299,708,000 after buying an additional 88,100 shares in the last quarter. Morgan Stanley increased its stake in shares of Liberty Media Corporation – Liberty Live Series C by 1.0% during the fourth quarter. Morgan Stanley now owns 2,062,231 shares of the company’s stock valued at $171,495,000 after buying an additional 20,587 shares during the period. Principal Financial Group Inc. increased its stake in shares of Liberty Media Corporation – Liberty Live Series C by 7.4% during the fourth quarter. Principal Financial Group Inc. now owns 1,812,689 shares of the company’s stock valued at $150,744,000 after buying an additional 124,223 shares during the period. Finally, Bamco Inc. NY raised its holdings in shares of Liberty Media Corporation – Liberty Live Series C by 10.6% in the fourth quarter. Bamco Inc. NY now owns 1,613,666 shares of the company’s stock valued at $134,192,000 after acquiring an additional 154,756 shares in the last quarter. 60.36% of the stock is currently owned by hedge funds and other institutional investors.

Liberty Media Corporation – Liberty Live Series C Stock Performance

Shares of Liberty Media Corporation – Liberty Live Series C stock opened at $98.46 on Friday. The company has a market capitalization of $9.06 billion, a PE ratio of -27.81 and a beta of 0.97. The company has a 50-day simple moving average of $97.08 and a two-hundred day simple moving average of $91.55. Liberty Media Corporation – Liberty Live Series C has a one year low of $76.30 and a one year 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) earnings per share for the quarter, missing analysts’ consensus estimates 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. On average, equities analysts predict that Liberty Media Corporation – Liberty Live Series C will post -3.3 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on LLYVK. 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. 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, Zacks Research lowered shares of Liberty Media Corporation – Liberty Live Series C from a “hold” rating to a “strong sell” rating in a report on Monday, June 1st. Two investment analysts have rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has an average rating of “Sell”.

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.