Liberty Media Corporation – Liberty Live Series C (LLYVK) Projected to Announce Earnings on Thursday

Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) is anticipated to issue its results before the market opens on Thursday, August 6th. Analysts expect the company to announce earnings of $0.42 per share and revenue of $94.00 million for the quarter.

Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) last issued its 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 for the quarter, compared to the consensus estimate of $70.40 million. On average, analysts expect Liberty Media Corporation – Liberty Live Series C to post $-3 EPS for the current fiscal year and $-3 EPS for the next fiscal year.

Liberty Media Corporation – Liberty Live Series C Stock Up 4.3%

NASDAQ:LLYVK opened at $102.85 on Tuesday. The company has a fifty day moving average of $101.03 and a 200 day moving average of $95.98. Liberty Media Corporation – Liberty Live Series C has a 52 week low of $76.93 and a 52 week high of $108.97. The firm has a market capitalization of $9.46 billion, a P/E ratio of -29.05 and a beta of 0.97.

Institutional Trading of Liberty Media Corporation – Liberty Live Series C

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Kelleher Financial Advisors purchased a new position in Liberty Media Corporation – Liberty Live Series C during the 3rd quarter valued at $26,000. Global Retirement Partners LLC purchased a new stake in shares of Liberty Media Corporation – Liberty Live Series C in the 4th quarter worth about $43,000. Align Financial LLC bought a new stake in shares of Liberty Media Corporation – Liberty Live Series C during the 4th quarter valued at about $48,000. Schroder Investment Management Group bought a new stake in shares of Liberty Media Corporation – Liberty Live Series C during the 3rd quarter valued at about $57,000. Finally, Quarry LP bought a new stake in Liberty Media Corporation – Liberty Live Series C during the 4th quarter valued at approximately $134,000. Hedge funds and other institutional investors own 60.36% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on LLYVK shares. Zacks Research raised shares of Liberty Media Corporation – Liberty Live Series C from a “strong sell” rating to a “hold” rating in a report on Friday, July 10th. 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. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Liberty Media Corporation – Liberty Live Series C in a report on Friday, May 29th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce”.

About Liberty Media Corporation – Liberty Live Series C

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.