Liberty Media Corporation – Liberty Live Series C $LLYVK Stock Holdings Cut by Emmett Investment Management LP

Emmett Investment Management LP cut its position in shares of Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) by 36.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 45,374 shares of the company’s stock after selling 26,253 shares during the quarter. Liberty Media Corporation – Liberty Live Series C accounts for 3.3% of Emmett Investment Management LP’s portfolio, making the stock its 17th largest position. Emmett Investment Management LP’s holdings in Liberty Media Corporation – Liberty Live Series C were worth $4,303,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Kelleher Financial Advisors bought a new stake in Liberty Media Corporation – Liberty Live Series C in the third quarter worth about $26,000. Global Retirement Partners LLC acquired a new position in shares of Liberty Media Corporation – Liberty Live Series C in the 4th quarter worth approximately $43,000. Align Financial LLC bought a new stake in shares of Liberty Media Corporation – Liberty Live Series C in the 4th quarter worth approximately $48,000. Schroder Investment Management Group bought a new stake in shares of Liberty Media Corporation – Liberty Live Series C in the 3rd quarter worth approximately $57,000. Finally, Quarry LP acquired a new stake in Liberty Media Corporation – Liberty Live Series C during the fourth quarter valued at approximately $134,000. Institutional investors own 60.36% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Wall Street Zen upgraded shares of Liberty Media Corporation – Liberty Live Series C from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Liberty Media Corporation – Liberty Live Series C in a report on Friday, May 29th. Finally, Zacks Research upgraded 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 issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce”.

Liberty Media Corporation – Liberty Live Series C Trading Up 3.3%

NASDAQ LLYVK opened at $102.26 on Tuesday. The stock’s 50-day moving average price is $100.55 and its two-hundred day moving average price is $95.26. The company has a market cap of $9.41 billion, a PE ratio of -28.89 and a beta of 0.94. 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 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 business had revenue of $63.62 million for the quarter, compared to the consensus estimate of $70.40 million. Research analysts forecast that Liberty Media Corporation – Liberty Live Series C will post -3.3 EPS for the current fiscal year.

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.