Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) Posts Quarterly Earnings Results, Beats Estimates By $1,000.24 EPS

Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) released its earnings results on Thursday. The company reported $999.00 EPS for the quarter, topping analysts’ consensus estimates of ($1.24) by $1,000.24, Zacks reports.

Liberty Media Corporation – Liberty Live Series C Trading Up 1.8%

Shares of NASDAQ LLYVK traded up $1.76 during mid-day trading on Thursday, reaching $96.88. 139,082 shares of the company’s stock were exchanged, compared to its average volume of 404,968. The business has a fifty day simple moving average of $85.93 and a 200 day simple moving average of $88.69. Liberty Media Corporation – Liberty Live Series C has a twelve month low of $60.55 and a twelve month high of $102.62. The firm has a market capitalization of $8.90 billion, a price-to-earnings ratio of -25.19 and a beta of 1.40.

Insider Buying and Selling at Liberty Media Corporation – Liberty Live Series C

In related news, Director Chase Carey sold 83,536 shares of the firm’s stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $96.95, for a total transaction of $8,098,815.20. Following the sale, the director directly owned 94,356 shares in the company, valued at $9,147,814.20. This trade represents a 46.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, major shareholder Berkshire Hathaway Inc sold 7,685 shares of Liberty Media Corporation – Liberty Live Series C stock in a transaction dated Friday, January 16th. The shares were sold at an average price of $83.72, for a total value of $643,388.20. Following the completion of the sale, the insider directly owned 10,587,143 shares in the company, valued at $886,355,611.96. This represents a 0.07% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 497,554 shares of company stock valued at $43,484,018 in the last three months.

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

Institutional investors and hedge funds have recently modified their holdings of the stock. Corient Private Wealth LLC lifted its stake in shares of Liberty Media Corporation – Liberty Live Series C by 102.7% during the 4th quarter. Corient Private Wealth LLC now owns 12,670 shares of the company’s stock worth $1,054,000 after buying an additional 6,419 shares during the last quarter. Mercer Global Advisors Inc. ADV boosted its holdings in shares of Liberty Media Corporation – Liberty Live Series C by 19.8% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 7,888 shares of the company’s stock worth $656,000 after acquiring an additional 1,303 shares during the period. KKM Financial LLC bought a new stake in shares of Liberty Media Corporation – Liberty Live Series C during the fourth quarter worth approximately $1,463,000. ValueAct Holdings L.P. grew its position in shares of Liberty Media Corporation – Liberty Live Series C by 2.5% in the fourth quarter. ValueAct Holdings L.P. now owns 3,603,988 shares of the company’s stock valued at $299,708,000 after purchasing an additional 88,100 shares during the last quarter. Finally, Tudor Investment Corp ET AL lifted its holdings in Liberty Media Corporation – Liberty Live Series C by 7.1% during the 4th quarter. Tudor Investment Corp ET AL now owns 18,783 shares of the company’s stock worth $1,562,000 after purchasing an additional 1,247 shares during the last quarter. 60.36% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Liberty Media Corporation – Liberty Live Series C in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Liberty Media Corporation – Liberty Live Series C currently has an average rating of “Reduce”.

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.