Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) Sets New 12-Month High – Here’s Why

Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) shares reached a new 52-week high on Wednesday. The stock traded as high as $109.76 and last traded at $109.1540, with a volume of 106,867 shares. The stock had previously closed at $105.87.

Analysts Set New Price Targets

LLYVK has been the topic of a number of recent research reports. Zacks Research raised shares of Liberty Media Corporation – Liberty Live Series C from a “strong sell” rating to a “hold” rating in a research note on Friday, October 9th. Weiss Ratings reissued a “sell (d-)” rating on shares of Liberty Media Corporation – Liberty Live Series C in a research report on Wednesday, August 26th. Finally, 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, September 5th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce”.

Liberty Media Corporation – Liberty Live Series C Stock Up 3.5%

The company has a market cap of $10.08 billion, a PE ratio of -24.24 and a beta of 0.97. The company has a 50-day moving average of $99.89 and a 200-day moving average of $97.69.

Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) last announced its quarterly earnings results 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 analyst estimates of $93.63 million. As a group, equities analysts predict that Liberty Media Corporation – Liberty Live Series C will post -7.69 EPS for the current year.

Insider Transactions at Liberty Media Corporation – Liberty Live Series C

In other news, major shareholder John Malone sold 29,593 shares of the company’s stock in a transaction on Thursday, September 24th. The shares were sold at an average price of $98.16, for a total value of $2,904,848.88. Following the completion of the sale, the insider owned 3,186,342 shares in the company, valued at $312,771,330.72. This represents a 0.92% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in LLYVK. Principal Financial Group Inc. boosted its holdings in 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 worth $179,656,000 after purchasing an additional 96,288 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in Liberty Media Corporation – Liberty Live Series C by 10.1% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 625,806 shares of the company’s stock valued at $59,351,000 after buying an additional 57,478 shares during the last quarter. Bank of America Corp DE increased its stake in Liberty Media Corporation – Liberty Live Series C by 63.7% in the 1st quarter. Bank of America Corp DE now owns 382,068 shares of the company’s stock valued at $35,956,000 after buying an additional 148,698 shares during the last quarter. S&CO Inc. bought a new position in shares of Liberty Media Corporation – Liberty Live Series C during the 2nd quarter worth approximately $23,459,000. Finally, Whitebox Advisors LLC bought a new position in shares of Liberty Media Corporation – Liberty Live Series C during the 1st quarter worth approximately $15,192,000. 60.36% of the stock is owned by institutional investors.

Liberty Media Corporation – Liberty Live Series C Company Profile

Liberty Media Corporation’s Liberty Live Group is represented by its Series C tracking stock, traded on the Nasdaq under the symbol LLYVK. A tracking stock is designed to reflect the economic performance of a specific business group within a broader corporate structure rather than the performance of Liberty Media as a whole.

The Liberty Live Group primarily represents Liberty Media’s investment in Live Nation Entertainment, a global live entertainment company. Live Nation promotes concerts and events, operates and manages entertainment venues, and provides ticketing services through its Ticketmaster business.