Liberty Media Corporation – Liberty Live Series C (LLYVK) Expected to Announce Earnings on Thursday

Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) is projected to release its results before the market opens on Thursday, February 26th. Analysts expect Liberty Media Corporation – Liberty Live Series C to post earnings of ($1.24) per share and revenue of $43.00 million for the quarter.

Liberty Media Corporation – Liberty Live Series C Price Performance

Shares of NASDAQ:LLYVK opened at $95.10 on Wednesday. The business has a 50-day moving average of $85.72 and a two-hundred day moving average of $88.64. The firm has a market capitalization of $8.74 billion, a PE ratio of -24.64 and a beta of 1.40. Liberty Media Corporation – Liberty Live Series C has a 12 month low of $60.55 and a 12 month high of $102.62.

Insider Activity

In related news, Director Chase Carey sold 83,536 shares of the business’s stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $96.95, for a total transaction of $8,098,815.20. Following the transaction, the director directly owned 94,356 shares of the company’s stock, valued at approximately $9,147,814.20. The trade was a 46.96% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, major shareholder Berkshire Hathaway Inc sold 7,685 shares of Liberty Media Corporation – Liberty Live Series C stock in a transaction that occurred 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 in the company, valued at $886,355,611.96. This represents a 0.07% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 497,554 shares of company stock worth $43,484,018.

Hedge Funds Weigh In On Liberty Media Corporation – Liberty Live Series C

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LLYVK. Corient Private Wealth LLC increased its position in shares of Liberty Media Corporation – Liberty Live Series C by 102.7% during the fourth quarter. Corient Private Wealth LLC now owns 12,670 shares of the company’s stock worth $1,054,000 after acquiring an additional 6,419 shares during the last quarter. Mercer Global Advisors Inc. ADV grew its stake 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 purchasing an additional 1,303 shares in the last quarter. KKM Financial LLC purchased a new stake in Liberty Media Corporation – Liberty Live Series C during the 4th quarter worth approximately $1,463,000. ValueAct Holdings L.P. increased its holdings in Liberty Media Corporation – Liberty Live Series C by 2.5% during the 4th quarter. ValueAct Holdings L.P. now owns 3,603,988 shares of the company’s stock worth $299,708,000 after purchasing an additional 88,100 shares during the last quarter. Finally, Tudor Investment Corp ET AL raised its position in shares of Liberty Media Corporation – Liberty Live Series C by 7.1% in the 4th quarter. Tudor Investment Corp ET AL now owns 18,783 shares of the company’s stock valued at $1,562,000 after purchasing an additional 1,247 shares in the last quarter. 60.36% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Liberty Media Corporation – Liberty Live Series C in a report on Thursday, January 22nd. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Reduce”.

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.