Highbridge Capital Management LLC Makes New Investment in Liberty Media Corporation – Liberty Live Series C $LLYVK

Highbridge Capital Management LLC bought a new position in Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 7,045 shares of the company’s stock, valued at approximately $586,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. TD Asset Management Inc increased its holdings in Liberty Media Corporation – Liberty Live Series C by 16.8% in the 4th quarter. TD Asset Management Inc now owns 556,610 shares of the company’s stock worth $46,288,000 after purchasing an additional 79,918 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Liberty Media Corporation – Liberty Live Series C by 11.1% in the fourth quarter. Goldman Sachs Group Inc. now owns 151,900 shares of the company’s stock valued at $12,632,000 after buying an additional 15,153 shares during the period. Natixis Advisors LLC acquired a new stake in shares of Liberty Media Corporation – Liberty Live Series C in the fourth quarter valued at about $841,000. Norges Bank acquired a new stake in shares of Liberty Media Corporation – Liberty Live Series C in the fourth quarter valued at about $61,546,000. Finally, Geode Capital Management LLC increased its stake in shares of Liberty Media Corporation – Liberty Live Series C by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 884,548 shares of the company’s stock valued at $73,582,000 after buying an additional 10,106 shares during the period. Institutional investors and hedge funds own 60.36% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on LLYVK shares. Zacks Research cut Liberty Media Corporation – Liberty Live Series C from a “hold” rating to a “strong sell” rating in a research note on Monday, June 1st. Wall Street Zen raised Liberty Media Corporation – Liberty Live Series C from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, 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. Two analysts have rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has an average rating of “Sell”.

Liberty Media Corporation – Liberty Live Series C Price Performance

NASDAQ LLYVK opened at $93.35 on Friday. The business has a 50 day simple moving average of $96.28 and a 200 day simple moving average of $90.22. Liberty Media Corporation – Liberty Live Series C has a one year low of $73.10 and a one year high of $102.62. The stock has a market capitalization of $8.59 billion, a P/E ratio of -26.37 and a beta of 0.97.

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

Liberty Media Corporation – Liberty Live Series C 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.