Stock Traders Buy High Volume of Call Options on Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK)

Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) saw some unusual options trading activity on Tuesday. Investors purchased 9,732 call options on the stock. This is an increase of 1,133% compared to the typical daily volume of 789 call options.

Institutional Trading of Liberty Media Corporation – Liberty Live Series C

Large investors have recently modified their holdings of the business. T. Rowe Price Investment Management Inc. lifted its stake in Liberty Media Corporation – Liberty Live Series C by 5.6% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 10,315,091 shares of the company’s stock valued at $857,803,000 after buying an additional 551,011 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of Liberty Media Corporation – Liberty Live Series C by 5.3% during the first quarter. Principal Financial Group Inc. now owns 1,908,977 shares of the company’s stock valued at $179,656,000 after acquiring an additional 96,288 shares during the last quarter. Bamco Inc. NY increased its position in Liberty Media Corporation – Liberty Live Series C by 10.6% during the 4th quarter. Bamco Inc. NY now owns 1,613,666 shares of the company’s stock worth $134,192,000 after purchasing an additional 154,756 shares in the last quarter. Geode Capital Management LLC raised its stake in Liberty Media Corporation – Liberty Live Series C by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 884,548 shares of the company’s stock valued at $73,582,000 after purchasing an additional 10,106 shares during the last quarter. Finally, Norges Bank purchased a new position in Liberty Media Corporation – Liberty Live Series C in the 4th quarter valued at about $61,546,000. 60.36% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports 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 research note on Wednesday, August 12th. Wall Street Zen upgraded Liberty Media Corporation – Liberty Live Series C from a “sell” rating to a “hold” rating in a research report on Saturday, September 5th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Liberty Media Corporation – Liberty Live Series C in a research note on Wednesday, August 26th. Two investment analysts have rated the stock with a Sell rating, According to MarketBeat.com, the company presently has an average rating of “Sell”.

Liberty Media Corporation – Liberty Live Series C Price Performance

Shares of LLYVK stock traded down $0.73 during midday trading on Tuesday, reaching $98.13. 119,962 shares of the company traded hands, compared to its average volume of 364,199. The firm’s 50 day simple moving average is $102.88 and its two-hundred day simple moving average is $99.36. The firm has a market cap of $9.03 billion, a PE ratio of -21.65 and a beta of 0.97. Liberty Media Corporation – Liberty Live Series C has a 1-year low of $76.93 and a 1-year high of $109.75.

Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) last issued its quarterly earnings data on Thursday, August 6th. The company reported ($2.92) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($3.34). The company had revenue of $147.06 million during the quarter, compared to analysts’ expectations of $93.63 million. As a group, research analysts anticipate that Liberty Media Corporation – Liberty Live Series C will post -7.69 earnings per share for the current fiscal year.

About Liberty Media Corporation – Liberty Live Series C

Liberty Media Corporation’s Liberty Live Series C tracking stock represents an economic interest in the Liberty Live Group, a group of assets and businesses attributed to Liberty Media. The Liberty Live Group is primarily associated with Liberty Media’s investment in Live Nation Entertainment, a global live entertainment company involved in concert promotion, venue operations and ticketing through brands such as Ticketmaster.

The group also includes QuintEvents, a provider of hospitality, travel and experiential packages for major sports and entertainment events.