Empyrean Capital Partners LP Sells 41,471 Shares of Liberty Media Corporation – Liberty Live Series C $LLYVK

Empyrean Capital Partners LP decreased its holdings in Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) by 23.6% in the 4th quarter, HoldingsChannel reports. The firm owned 134,300 shares of the company’s stock after selling 41,471 shares during the quarter. Empyrean Capital Partners LP’s holdings in Liberty Media Corporation – Liberty Live Series C were worth $11,168,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Greenland Capital Management LP raised its position in Liberty Media Corporation – Liberty Live Series C by 385.0% in the 3rd quarter. Greenland Capital Management LP now owns 26,582 shares of the company’s stock valued at $2,578,000 after purchasing an additional 21,101 shares during the last quarter. Principal Financial Group Inc. raised its position in Liberty Media Corporation – Liberty Live Series C by 7.4% in the 4th quarter. Principal Financial Group Inc. now owns 1,812,689 shares of the company’s stock valued at $150,744,000 after purchasing an additional 124,223 shares during the last quarter. Quantbot Technologies LP bought a new position in Liberty Media Corporation – Liberty Live Series C in the 3rd quarter valued at $1,790,000. Vanguard Group Inc. raised its position in Liberty Media Corporation – Liberty Live Series C by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 4,721,823 shares of the company’s stock valued at $392,667,000 after purchasing an additional 63,117 shares during the last quarter. Finally, SG Americas Securities LLC raised its position in Liberty Media Corporation – Liberty Live Series C by 1,012.6% in the 4th quarter. SG Americas Securities LLC now owns 609,399 shares of the company’s stock valued at $50,678,000 after purchasing an additional 554,625 shares during the last quarter. Institutional investors own 60.36% of the company’s stock.

Liberty Media Corporation – Liberty Live Series C Stock Down 2.4%

LLYVK stock opened at $99.38 on Thursday. The company has a market cap of $9.14 billion, a P/E ratio of -28.07 and a beta of 0.97. Liberty Media Corporation – Liberty Live Series C has a twelve month low of $76.30 and a twelve month high of $104.20. The business has a fifty day moving average of $97.06 and a 200-day moving average of $91.41.

Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) last released its earnings results on Thursday, May 7th. The company reported ($3.20) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by ($3.07). The firm had revenue of $63.62 million during the quarter, compared to the consensus estimate of $70.40 million. As a group, equities research analysts anticipate that Liberty Media Corporation – Liberty Live Series C will post -3.3 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Zacks Research downgraded Liberty Media Corporation – Liberty Live Series C from a “hold” rating to a “strong sell” rating in a research report on Monday, June 1st. Wall Street Zen upgraded 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 restated a “sell (d-)” rating on shares of Liberty Media Corporation – Liberty Live Series C in a research report on Friday, May 29th. Two equities research analysts have rated the stock with a Sell rating, Based on data from MarketBeat.com, Liberty Media Corporation – Liberty Live Series C presently has a consensus rating of “Sell”.

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.