Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) Downgraded by Wall Street Zen to “Sell”

Wall Street Zen lowered shares of Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) from a hold rating to a sell rating in a research note published on Saturday morning.

A number of other research analysts have also issued reports on the stock. Zacks Research lowered shares of Liberty Media Corporation – Liberty Live Series C from a “hold” rating to a “strong sell” rating in a research note on Wednesday. Weiss Ratings reiterated a “sell (d-)” rating on shares of Liberty Media Corporation – Liberty Live Series C in a research note on Friday, May 29th. Two research analysts have rated the stock with a Sell rating, According to MarketBeat.com, Liberty Media Corporation – Liberty Live Series C has a consensus rating of “Sell”.

Liberty Media Corporation – Liberty Live Series C Price Performance

Shares of NASDAQ:LLYVK opened at $108.86 on Friday. The business’s 50-day moving average is $102.53 and its 200 day moving average is $97.25. Liberty Media Corporation – Liberty Live Series C has a 1 year low of $76.93 and a 1 year high of $109.75. The firm has a market capitalization of $10.02 billion, a P/E ratio of -24.03 and a beta of 0.97.

Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) last released its quarterly earnings results on Thursday, August 6th. The company reported ($2.92) EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($3.34). The business had revenue of $147.06 million during the quarter, compared to the consensus estimate of $93.63 million. On average, analysts expect that Liberty Media Corporation – Liberty Live Series C will post -7.69 EPS for the current year.

Hedge Funds Weigh In On Liberty Media Corporation – Liberty Live Series C

Several institutional investors and hedge funds have recently modified their holdings of LLYVK. Kelleher Financial Advisors purchased a new stake in Liberty Media Corporation – Liberty Live Series C in the 3rd quarter worth approximately $26,000. Western Wealth Management LLC purchased a new position in shares of Liberty Media Corporation – Liberty Live Series C during the 1st quarter valued at approximately $29,000. Global Retirement Partners LLC purchased a new position in shares of Liberty Media Corporation – Liberty Live Series C during the 4th quarter valued at approximately $43,000. EverSource Wealth Advisors LLC lifted its stake in shares of Liberty Media Corporation – Liberty Live Series C by 83.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 507 shares of the company’s stock valued at $48,000 after purchasing an additional 230 shares during the period. Finally, Align Financial LLC acquired a new position in shares of Liberty Media Corporation – Liberty Live Series C in the 4th quarter valued at $48,000. Institutional investors and hedge funds own 60.36% of the company’s stock.

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.