Norges Bank Purchases Shares of 740,086 Liberty Media Corporation – Liberty Live Series C $LLYVK

Norges Bank purchased a new stake in Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 740,086 shares of the company’s stock, valued at approximately $61,546,000.

Other large investors have also recently bought and sold shares of the company. Kelleher Financial Advisors bought a new position in Liberty Media Corporation – Liberty Live Series C in the 3rd quarter valued at $26,000. Global Retirement Partners LLC bought a new position in Liberty Media Corporation – Liberty Live Series C in the 4th quarter valued at $43,000. Schroder Investment Management Group bought a new position in Liberty Media Corporation – Liberty Live Series C in the 3rd quarter valued at $57,000. Aster Capital Management DIFC Ltd bought a new position in Liberty Media Corporation – Liberty Live Series C in the 3rd quarter valued at $83,000. Finally, Bessemer Group Inc. boosted its holdings in Liberty Media Corporation – Liberty Live Series C by 579.3% in the 3rd quarter. Bessemer Group Inc. now owns 1,216 shares of the company’s stock valued at $118,000 after purchasing an additional 1,037 shares during the period. 60.36% of the stock is owned by institutional investors.

Liberty Media Corporation – Liberty Live Series C Stock Performance

NASDAQ LLYVK opened at $93.35 on Monday. Liberty Media Corporation – Liberty Live Series C has a 52-week low of $73.10 and a 52-week high of $102.62. The company has a market capitalization of $8.59 billion, a P/E ratio of -26.37 and a beta of 0.97. The company has a fifty day moving average of $96.28 and a 200-day moving average of $90.29.

Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) last posted its quarterly earnings data 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 the consensus estimate of $70.40 million. As a group, analysts forecast that Liberty Media Corporation – Liberty Live Series C will post -3.3 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have commented on LLYVK. 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. Weiss Ratings reissued a “sell (d-)” rating on shares of Liberty Media Corporation – Liberty Live Series C in a report on Friday, May 29th. Finally, Wall Street Zen raised shares of Liberty Media Corporation – Liberty Live Series C from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Two research analysts have rated the stock with a Sell rating, According to data from MarketBeat.com, Liberty Media Corporation – Liberty Live Series C currently 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.