Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) Hits New 52-Week High – Time to Buy?

Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK)’s share price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $104.71 and last traded at $104.47, with a volume of 201994 shares traded. The stock had previously closed at $102.08.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on LLYVK shares. Zacks Research cut Liberty Media Corporation – Liberty Live Series C from a “hold” rating to a “strong sell” rating in a report on Monday, June 1st. Weiss Ratings reissued a “sell (d-)” rating on shares of Liberty Media Corporation – Liberty Live Series C in a report on Friday, May 29th. Finally, 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. Two equities research analysts have rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has an average rating of “Sell”.

Liberty Media Corporation – Liberty Live Series C Price Performance

The firm has a market cap of $9.65 billion, a PE ratio of -29.61 and a beta of 0.97. The stock has a 50-day moving average price of $96.96 and a 200 day moving average price of $92.21.

Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) last released its 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 company had revenue of $63.62 million during the quarter, compared to analysts’ expectations of $70.40 million. As a group, equities research analysts anticipate that Liberty Media Corporation – Liberty Live Series C will post -3.3 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of LLYVK. The Manufacturers Life Insurance Company boosted its position in shares of Liberty Media Corporation – Liberty Live Series C by 3.9% in the first quarter. The Manufacturers Life Insurance Company now owns 3,003 shares of the company’s stock worth $283,000 after acquiring an additional 112 shares during the last quarter. Bessemer Group Inc. increased its position in Liberty Media Corporation – Liberty Live Series C by 11.5% during the first quarter. Bessemer Group Inc. now owns 1,472 shares of the company’s stock worth $139,000 after purchasing an additional 152 shares during the last quarter. HighTower Advisors LLC raised its stake in Liberty Media Corporation – Liberty Live Series C by 6.2% during the fourth quarter. HighTower Advisors LLC now owns 3,228 shares of the company’s stock worth $268,000 after purchasing an additional 189 shares during the period. Ethic Inc. raised its stake in Liberty Media Corporation – Liberty Live Series C by 2.6% during the fourth quarter. Ethic Inc. now owns 9,036 shares of the company’s stock worth $751,000 after purchasing an additional 225 shares during the period. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of Liberty Media Corporation – Liberty Live Series C by 8.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,910 shares of the company’s stock valued at $242,000 after purchasing an additional 230 shares during the last quarter. 60.36% of the stock is currently owned by hedge funds and other institutional investors.

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.