Liberty Media Corporation - Liberty Live Series C (NASDAQ:LLYVK) Upgraded to "Hold" at Wall Street Zen

Key Points

• Wall Street Zen upgraded Liberty Live Series C (NASDAQ: LLYVK) from “Sell” to “Hold,” although the broader analyst consensus remains “Sell,” with Zacks Research and Weiss Ratings maintaining negative views.
• LLYVK shares opened at $99.00, down 2.3%, with a market capitalization of approximately $9.11 billion. The stock has traded between $76.93 and $109.75 over the past year.
• The company reported a quarterly loss of $2.92 per share, missing estimates by $3.34, despite revenue of $147.06 million exceeding analyst expectations. Institutional investors own about 60.36% of the stock.

Liberty Media Corporation - Liberty Live Series C (NASDAQ:LLYVK - Get Free Report) was upgraded by research analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a research note issued on Saturday, Wall Street Zen reports.

A number of other brokerages have also recently weighed in on LLYVK. Zacks Research cut 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. Weiss Ratings restated a "sell (d-)" rating on shares of Liberty Media Corporation - Liberty Live Series C in a research note on Wednesday, August 26th. Two equities research analysts have rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has an average rating of "Sell".

Liberty Media Corporation - Liberty Live Series C Trading Down 2.3%

Shares of NASDAQ LLYVK opened at $99.00 on Friday. The stock has a market cap of $9.11 billion, a P/E ratio of -21.85 and a beta of 0.97. Liberty Media Corporation - Liberty Live Series C has a twelve month low of $76.93 and a twelve month high of $109.75. The stock has a 50 day moving average of $103.97 and a two-hundred day moving average of $99.23.

Liberty Media Corporation - Liberty Live Series C (NASDAQ:LLYVK - Get Free Report) last announced its earnings results on Thursday, August 6th. The company reported ($2.92) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.42 by ($3.34). The firm had revenue of $147.06 million for the quarter, compared to analyst estimates of $93.63 million. As a group, research analysts predict that Liberty Media Corporation - Liberty Live Series C will post -7.69 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of LLYVK. T. Rowe Price Investment Management Inc. lifted its holdings in shares of 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 purchasing an additional 551,011 shares during the period. California State Teachers Retirement System increased its stake in Liberty Media Corporation - Liberty Live Series C by 10,137.4% in the 2nd quarter. California State Teachers Retirement System now owns 5,314,009 shares of the company's stock valued at $561,372,000 after buying an additional 5,262,101 shares during the period. ValueAct Holdings L.P. increased its stake in Liberty Media Corporation - Liberty Live Series C by 2.5% in the 4th quarter. ValueAct Holdings L.P. now owns 3,603,988 shares of the company's stock valued at $299,708,000 after buying an additional 88,100 shares during the period. Morgan Stanley raised its position in Liberty Media Corporation - Liberty Live Series C by 1.0% during the 4th quarter. Morgan Stanley now owns 2,062,231 shares of the company's stock worth $171,495,000 after buying an additional 20,587 shares during the last quarter. Finally, Principal Financial Group Inc. raised its position in Liberty Media Corporation - Liberty Live Series C by 5.3% during the 1st quarter. Principal Financial Group Inc. now owns 1,908,977 shares of the company's stock worth $179,656,000 after buying an additional 96,288 shares during the last quarter. Institutional investors and hedge funds own 60.36% of the company's stock.

About Liberty Media Corporation - Liberty Live Series C

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.

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