Walleye Capital LLC Grows Holdings in Liberty Media Corporation – Liberty Live Series C $LLYVK

Walleye Capital LLC increased its holdings in Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) by 286.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,646 shares of the company’s stock after acquiring an additional 34,570 shares during the quarter. Walleye Capital LLC’s holdings in Liberty Media Corporation – Liberty Live Series C were worth $4,390,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Kelleher Financial Advisors bought a new stake in Liberty Media Corporation – Liberty Live Series C during the third quarter worth about $26,000. Global Retirement Partners LLC purchased a new stake in Liberty Media Corporation – Liberty Live Series C in the fourth quarter worth about $43,000. Align Financial LLC bought a new position in shares of Liberty Media Corporation – Liberty Live Series C during the fourth quarter valued at approximately $48,000. Schroder Investment Management Group bought a new position in shares of Liberty Media Corporation – Liberty Live Series C during the third quarter valued at approximately $57,000. Finally, Quarry LP purchased a new position in shares of Liberty Media Corporation – Liberty Live Series C during the fourth quarter valued at approximately $134,000. 60.36% of the stock is owned by hedge funds and other institutional investors.

Liberty Media Corporation – Liberty Live Series C Price Performance

LLYVK opened at $99.21 on Thursday. The firm has a market cap of $9.13 billion, a PE ratio of -28.03 and a beta of 0.94. The stock has a 50-day moving average price of $100.53 and a 200-day moving average price of $94.92. Liberty Media Corporation – Liberty Live Series C has a 1 year low of $76.93 and a 1 year high of $108.97.

Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) last announced its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $70.40 million. As a group, sell-side analysts anticipate that Liberty Media Corporation – Liberty Live Series C will post -3.3 EPS for the current year.

Wall Street Analyst Weigh In

LLYVK has been the topic of a number of analyst reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Liberty Media Corporation – Liberty Live Series C in a research report on Friday, May 29th. Wall Street Zen upgraded 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 raised Liberty Media Corporation – Liberty Live Series C from a “strong sell” rating to a “hold” rating in a research report on Friday, July 10th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Liberty Media Corporation – Liberty Live Series C presently has an average rating of “Reduce”.

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.