Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) Lowered to “Strong Sell” Rating by Zacks Research

Zacks Research downgraded shares of Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) from a hold rating to a strong sell rating in a report published on Wednesday,Zacks.com reports.

Several other research firms have also issued reports on LLYVK. Weiss Ratings reiterated a “sell (d)” rating on shares of Liberty Media Corporation – Liberty Live Series C in a research report on Thursday, January 22nd. Wall Street Zen upgraded shares of Liberty Media Corporation – Liberty Live Series C to a “sell” rating in a research report on Saturday, February 28th. Two analysts have rated the stock with a Sell rating, According to MarketBeat.com, Liberty Media Corporation – Liberty Live Series C presently has a consensus rating of “Sell”.

Liberty Media Corporation – Liberty Live Series C Price Performance

LLYVK traded up $0.02 on Wednesday, hitting $98.44. 40,628 shares of the stock were exchanged, compared to its average volume of 397,543. The firm has a market capitalization of $9.05 billion, a price-to-earnings ratio of -189.31 and a beta of 1.26. Liberty Media Corporation – Liberty Live Series C has a 12 month low of $60.55 and a 12 month high of $102.62. The business has a 50-day moving average of $87.62 and a two-hundred day moving average of $89.01.

Insider Buying and Selling

In other Liberty Media Corporation – Liberty Live Series C news, major shareholder Berkshire Hathaway Inc sold 7,685 shares of the business’s stock in a transaction on Friday, January 16th. The shares were sold at an average price of $83.72, for a total transaction of $643,388.20. Following the sale, the insider owned 10,587,143 shares of the company’s stock, valued at approximately $886,355,611.96. The trade was a 0.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Chase Carey sold 83,536 shares of the stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $96.95, for a total value of $8,098,815.20. Following the completion of the transaction, the director owned 94,356 shares of the company’s stock, valued at $9,147,814.20. The trade was a 46.96% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 497,554 shares of company stock worth $43,484,018 in the last 90 days.

Institutional Trading of Liberty Media Corporation – Liberty Live Series C

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Alpine Global Management LLC bought a new position in Liberty Media Corporation – Liberty Live Series C in the 4th quarter valued at approximately $832,000. T. Rowe Price Investment Management Inc. grew its holdings in Liberty Media Corporation – Liberty Live Series C by 5.6% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 10,315,091 shares of the company’s stock worth $857,803,000 after acquiring an additional 551,011 shares during the last quarter. Corient Private Wealth LLC increased its position in Liberty Media Corporation – Liberty Live Series C by 102.7% in the 4th quarter. Corient Private Wealth LLC now owns 12,670 shares of the company’s stock valued at $1,054,000 after acquiring an additional 6,419 shares during the period. Mercer Global Advisors Inc. ADV raised its stake 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 valued at $656,000 after acquiring an additional 1,303 shares during the last quarter. Finally, KKM Financial LLC bought a new position in shares of Liberty Media Corporation – Liberty Live Series C during the fourth quarter valued at $1,463,000. 60.36% of the stock is currently owned by 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.