London Co. of Virginia Raises Holdings in Liberty Media Corporation – Liberty Live Series C $LLYVK

London Co. of Virginia boosted its stake in Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) by 5.8% in the 4th quarter, Holdings Channel reports. The firm owned 178,952 shares of the company’s stock after buying an additional 9,843 shares during the quarter. London Co. of Virginia’s holdings in Liberty Media Corporation – Liberty Live Series C were worth $14,882,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in LLYVK. Norges Bank acquired a new stake in Liberty Media Corporation – Liberty Live Series C in the 4th quarter valued at $61,546,000. SG Americas Securities LLC increased its holdings 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 in the last quarter. Dimensional Fund Advisors LP acquired a new stake in Liberty Media Corporation – Liberty Live Series C in the 4th quarter valued at $34,303,000. Woodline Partners LP acquired a new stake in Liberty Media Corporation – Liberty Live Series C in the 3rd quarter valued at $21,766,000. Finally, Amundi increased its holdings in Liberty Media Corporation – Liberty Live Series C by 98.9% in the 3rd quarter. Amundi now owns 425,952 shares of the company’s stock valued at $38,357,000 after purchasing an additional 211,762 shares in the last quarter. 60.36% of the stock is currently owned by institutional investors and hedge funds.

Liberty Media Corporation – Liberty Live Series C Price Performance

Shares of Liberty Media Corporation – Liberty Live Series C stock opened at $101.80 on Wednesday. The business has a 50-day moving average of $97.05 and a 200-day moving average of $91.27. The company has a market capitalization of $9.37 billion, a PE ratio of -28.76 and a beta of 0.97. Liberty Media Corporation – Liberty Live Series C has a 1-year low of $74.46 and a 1-year high of $104.20.

Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) last announced its earnings results on Thursday, May 7th. The company reported ($3.20) earnings per share for the quarter, missing the consensus estimate 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. On average, equities analysts expect that Liberty Media Corporation – Liberty Live Series C will post -3.3 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts recently issued reports on LLYVK shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Liberty Media Corporation – Liberty Live Series C in a report on Friday, May 29th. Zacks Research downgraded Liberty Media Corporation – Liberty Live Series C from a “hold” rating to a “strong sell” rating in a report on Monday, June 1st. Finally, Wall Street Zen upgraded 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 MarketBeat, the company currently has a consensus rating of “Sell”.

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.