Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) Sets New 1-Year High – Still a Buy?

Shares of Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) hit a new 52-week high on Thursday . The stock traded as high as $102.81 and last traded at $102.4650, with a volume of 421150 shares traded. The stock had previously closed at $99.53.

Analyst Upgrades and Downgrades

LLYVK has been the topic of several recent research reports. Zacks Research cut 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. Wall Street Zen raised shares of Liberty Media Corporation – Liberty Live Series C from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, 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 equities research analysts have rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average rating of “Sell”.

Liberty Media Corporation – Liberty Live Series C Stock Performance

The business has a 50 day moving average of $96.61 and a two-hundred day moving average of $90.64. The stock has a market capitalization of $9.49 billion, a PE ratio of -29.12 and a beta of 0.97.

Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) last posted its earnings results on Thursday, May 7th. The company reported ($3.20) earnings per share (EPS) for the quarter, missing the consensus estimate 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 EPS for the current fiscal year.

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

Several institutional investors and hedge funds have recently bought and sold shares of the company. Kelleher Financial Advisors purchased a new stake in shares of Liberty Media Corporation – Liberty Live Series C during the 3rd quarter valued at $26,000. Western Wealth Management LLC purchased a new position in Liberty Media Corporation – Liberty Live Series C during the 1st quarter worth $29,000. Global Retirement Partners LLC acquired a new position in Liberty Media Corporation – Liberty Live Series C during the 4th quarter valued at about $43,000. EverSource Wealth Advisors LLC increased its position in Liberty Media Corporation – Liberty Live Series C by 83.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 507 shares of the company’s stock valued at $48,000 after buying an additional 230 shares in the last quarter. Finally, Align Financial LLC purchased a new stake in Liberty Media Corporation – Liberty Live Series C in the fourth quarter valued at about $48,000. 60.36% of the stock is owned by hedge funds and other institutional investors.

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.