Sprinkle Financial Consultants LLC Invests $688,000 in Liberty Media Corporation – Liberty Live Series C $LLYVK

Sprinkle Financial Consultants LLC acquired a new position in shares of Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) in the 1st quarter, Holdings Channel.com reports. The fund acquired 7,315 shares of the company’s stock, valued at approximately $688,000.

Several other institutional investors have also recently modified their holdings of the stock. Norges Bank purchased a new stake in Liberty Media Corporation – Liberty Live Series C in the 4th quarter valued at approximately $61,546,000. SG Americas Securities LLC increased its position in Liberty Media Corporation – Liberty Live Series C by 1,012.6% during the fourth quarter. SG Americas Securities LLC now owns 609,399 shares of the company’s stock worth $50,678,000 after buying an additional 554,625 shares in the last quarter. T. Rowe Price Investment Management Inc. increased its position in Liberty Media Corporation – Liberty Live Series C by 5.6% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 10,315,091 shares of the company’s stock worth $857,803,000 after buying an additional 551,011 shares in the last quarter. Dimensional Fund Advisors LP acquired a new position in shares of Liberty Media Corporation – Liberty Live Series C in the fourth quarter worth $34,303,000. Finally, Woodline Partners LP acquired a new position in shares of Liberty Media Corporation – Liberty Live Series C in the third quarter worth $21,766,000. 60.36% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

LLYVK has been the topic of several recent research reports. 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, May 9th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Liberty Media Corporation – Liberty Live Series C in a research report on Friday, May 29th. Finally, Zacks Research downgraded shares of Liberty Media Corporation – Liberty Live Series C from a “hold” rating to a “strong sell” rating in a research note on Monday, June 1st. Two analysts have rated the stock with a Sell rating, According to MarketBeat, the company presently has a consensus rating of “Sell”.

Liberty Media Corporation – Liberty Live Series C Stock Performance

Shares of NASDAQ LLYVK opened at $98.46 on Monday. Liberty Media Corporation – Liberty Live Series C has a 1 year low of $76.30 and a 1 year high of $104.20. The firm’s 50 day moving average price is $97.02 and its 200 day moving average price is $91.69. The firm has a market cap of $9.06 billion, a P/E ratio of -27.81 and a beta of 0.97.

Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) last issued its quarterly earnings results on Thursday, May 7th. The company reported ($3.20) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($3.07). The business had revenue of $63.62 million during the quarter, compared to the consensus estimate of $70.40 million. As a group, equities analysts predict that Liberty Media Corporation – Liberty Live Series C will post -3.3 EPS for the current year.

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.