S&CO Inc. Takes $23.46 Million Position in Liberty Media Corporation – Liberty Live Series C $LLYVK

S&CO Inc. acquired a new stake in shares of Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) during the second quarter, HoldingsChannel reports. The fund acquired 224,117 shares of the company’s stock, valued at approximately $23,459,000. Liberty Media Corporation – Liberty Live Series C makes up approximately 1.4% of S&CO Inc.’s investment portfolio, making the stock its 19th biggest holding.

Other hedge funds also recently bought and sold shares of the company. Principal Financial Group Inc. grew its position in Liberty Media Corporation – Liberty Live Series C by 7.4% during the fourth quarter. Principal Financial Group Inc. now owns 1,812,689 shares of the company’s stock valued at $150,744,000 after acquiring an additional 124,223 shares during the last quarter. Whitebox Advisors LLC purchased a new position in shares of Liberty Media Corporation – Liberty Live Series C during the first quarter worth approximately $15,192,000. Vanguard Group Inc. raised its stake in shares of Liberty Media Corporation – Liberty Live Series C by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 4,721,823 shares of the company’s stock worth $392,667,000 after acquiring an additional 63,117 shares in the last quarter. KBC Group NV lifted its holdings in shares of Liberty Media Corporation – Liberty Live Series C by 2,064.7% in the 1st quarter. KBC Group NV now owns 41,541 shares of the company’s stock worth $3,909,000 after acquiring an additional 39,622 shares during the last quarter. Finally, California State Teachers Retirement System lifted its holdings in shares of Liberty Media Corporation – Liberty Live Series C by 23.0% in the 1st quarter. California State Teachers Retirement System now owns 51,908 shares of the company’s stock worth $4,885,000 after acquiring an additional 9,712 shares during the last quarter. Institutional investors own 60.36% of the company’s stock.

Liberty Media Corporation – Liberty Live Series C Price Performance

LLYVK opened at $108.86 on Friday. The stock’s 50 day simple moving average is $102.53 and its 200 day simple moving average is $97.25. Liberty Media Corporation – Liberty Live Series C has a 1 year low of $76.93 and a 1 year high of $109.75. The firm has a market cap of $10.02 billion, a price-to-earnings ratio of -24.03 and a beta of 0.97.

Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) last announced its quarterly earnings results on Thursday, August 6th. The company reported ($2.92) EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($3.34). The business had revenue of $147.06 million during the quarter, compared to analyst estimates of $93.63 million. As a group, sell-side analysts anticipate that Liberty Media Corporation – Liberty Live Series C will post -7.69 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms recently commented on LLYVK. Zacks Research lowered shares of Liberty Media Corporation – Liberty Live Series C from a “hold” rating to a “strong sell” rating in a report on Wednesday. Wall Street Zen downgraded shares of Liberty Media Corporation – Liberty Live Series C from a “hold” rating to a “sell” rating in a research note on Saturday. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Liberty Media Corporation – Liberty Live Series C in a research report on Friday, May 29th. Two equities research analysts have rated the stock with a Sell rating, According to data from MarketBeat, the stock presently 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.