DAVENPORT & Co LLC Makes New Investment in Liberty Media Corporation - Liberty Live Series C $LLYVK

Key Points

• DAVENPORT & Co LLC recently invested approximately $7.37 million in Liberty Media Corporation - Liberty Live Series C by acquiring 91,657 shares during the 2nd quarter.
• Liberty Media's shares have been rated by analysts with mixed perspectives, including a recent "hold" upgrade from Zacks Research and a "sell" rating from Weiss Ratings.
• The company reported a significant earnings miss, with a loss of ($1.93) per share for the last quarter, falling short of the consensus estimate by $3.15.

DAVENPORT & Co LLC acquired a new position in shares of Liberty Media Corporation - Liberty Live Series C (NASDAQ:LLYVK - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 91,657 shares of the company's stock, valued at approximately $7,374,000. DAVENPORT & Co LLC owned approximately 0.10% of Liberty Media Corporation - Liberty Live Series C at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in LLYVK. Northwestern Mutual Wealth Management Co. grew its holdings in Liberty Media Corporation - Liberty Live Series C by 203.3% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 458 shares of the company's stock worth $31,000 after acquiring an additional 307 shares in the last quarter. State of Wyoming bought a new position in shares of Liberty Media Corporation - Liberty Live Series C in the 1st quarter worth about $54,000. PNC Financial Services Group Inc. lifted its position in shares of Liberty Media Corporation - Liberty Live Series C by 15.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,592 shares of the company's stock worth $108,000 after buying an additional 214 shares during the last quarter. Quantbot Technologies LP bought a new position in shares of Liberty Media Corporation - Liberty Live Series C in the 1st quarter worth about $121,000. Finally, HighTower Advisors LLC bought a new position in shares of Liberty Media Corporation - Liberty Live Series C in the 1st quarter worth about $207,000. 60.36% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on LLYVK shares. Zacks Research upgraded shares of Liberty Media Corporation - Liberty Live Series C to a "hold" rating in a research report on Tuesday, September 9th. Weiss Ratings restated a "sell (d)" rating on shares of Liberty Media Corporation - Liberty Live Series C in a research report on Saturday, September 27th. 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.com, Liberty Media Corporation - Liberty Live Series C presently has a consensus rating of "Reduce".

Liberty Media Corporation - Liberty Live Series C Stock Up 0.7%

Shares of NASDAQ:LLYVK opened at $90.70 on Wednesday. The company has a market cap of $8.33 billion, a PE ratio of -29.07 and a beta of 1.37. The company's 50-day moving average price is $94.13 and its 200 day moving average price is $81.68. Liberty Media Corporation - Liberty Live Series C has a fifty-two week low of $51.00 and a fifty-two week high of $102.62.

Liberty Media Corporation - Liberty Live Series C (NASDAQ:LLYVK - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The company reported ($1.93) earnings per share for the quarter, missing the consensus estimate of $1.22 by ($3.15).

Liberty Media Corporation - Liberty Live Series C Company Profile

Liberty Live Group operates in the media, communications, and entertainment industries primarily in North America and the United Kingdom. The company is headquartered in Englewood, Colorado.

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