T. Rowe Price Investment Management Inc. Grows Stake in Liberty Media Corporation – Liberty Live Series C $LLYVK

T. Rowe Price Investment Management Inc. boosted its stake in shares of Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) by 5.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,315,091 shares of the company’s stock after acquiring an additional 551,011 shares during the quarter. T. Rowe Price Investment Management Inc. owned about 11.22% of Liberty Media Corporation – Liberty Live Series C worth $857,803,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in LLYVK. Corient Private Wealth LLC lifted its stake in shares of 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 purchasing an additional 6,419 shares during the last quarter. Mercer Global Advisors Inc. ADV raised its holdings in Liberty Media Corporation – Liberty Live Series C by 19.8% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 7,888 shares of the company’s stock valued at $656,000 after buying an additional 1,303 shares during the period. KKM Financial LLC bought a new stake in Liberty Media Corporation – Liberty Live Series C in the fourth quarter worth $1,463,000. ValueAct Holdings L.P. lifted its position in 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 worth $299,708,000 after buying an additional 88,100 shares during the last quarter. Finally, Tudor Investment Corp ET AL boosted its stake in Liberty Media Corporation – Liberty Live Series C by 7.1% during the fourth quarter. Tudor Investment Corp ET AL now owns 18,783 shares of the company’s stock worth $1,562,000 after buying an additional 1,247 shares during the period. 60.36% of the stock is currently owned by hedge funds and other institutional investors.

Liberty Media Corporation – Liberty Live Series C Stock Down 0.9%

LLYVK stock opened at $98.46 on Friday. Liberty Media Corporation – Liberty Live Series C has a twelve month low of $76.30 and a twelve month high of $104.20. The firm has a market cap of $9.06 billion, a price-to-earnings ratio of -27.81 and a beta of 0.97. The business’s fifty day simple moving average is $97.08 and its two-hundred day simple moving average is $91.55.

Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) last issued its earnings results on Thursday, May 7th. The company reported ($3.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.13) by ($3.07). The firm had revenue of $63.62 million for the quarter, compared to analysts’ expectations of $70.40 million. Research analysts expect that Liberty Media Corporation – Liberty Live Series C will post -3.3 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on LLYVK shares. Weiss Ratings reissued a “sell (d-)” rating on shares of Liberty Media Corporation – Liberty Live Series C in a research note on Friday, May 29th. Wall Street Zen raised shares of Liberty Media Corporation – Liberty Live Series C from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, Zacks Research downgraded 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. Two research analysts have rated the stock with a Sell rating, According to MarketBeat, Liberty Media Corporation – Liberty Live Series C presently has an average 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.