California State Teachers Retirement System Has $5.31 Million Position in Liberty Media Corporation - Liberty Live Series C $LLYVK

Key Points

• California State Teachers Retirement System reduced its Liberty Live Series C position by 3.1% in the second quarter, retaining 50,303 shares valued at approximately $5.31 million. Institutional investors collectively own 60.36% of the stock.
• LLYVK shares fell 0.8% to $98.08 and remain below their 50-day moving average. The company reported a quarterly loss of $2.92 per share, missing estimates by $3.34, despite revenue of $147.06 million exceeding expectations.
• Analyst sentiment is negative: Zacks downgraded the stock to “strong sell,” Weiss Ratings maintained a “sell” rating, and the overall consensus rating is “Sell.”

California State Teachers Retirement System lessened its position in Liberty Media Corporation - Liberty Live Series C (NASDAQ:LLYVK - Free Report) by 3.1% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 50,303 shares of the company's stock after selling 1,605 shares during the period. California State Teachers Retirement System owned about 0.05% of Liberty Media Corporation - Liberty Live Series C worth $5,314,009 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of LLYVK. T. Rowe Price Investment Management Inc. boosted its position in shares of Liberty Media Corporation - Liberty Live Series C by 5.6% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 10,315,091 shares of the company's stock worth $857,803,000 after acquiring an additional 551,011 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of Liberty Media Corporation - Liberty Live Series C by 5.3% in the first 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 period. Bamco Inc. NY lifted its position in Liberty Media Corporation - Liberty Live Series C by 10.6% during the fourth quarter. Bamco Inc. NY now owns 1,613,666 shares of the company's stock valued at $134,192,000 after buying an additional 154,756 shares during the period. Geode Capital Management LLC grew its position in Liberty Media Corporation - Liberty Live Series C by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 884,548 shares of the company's stock worth $73,582,000 after purchasing an additional 10,106 shares during the period. Finally, Norges Bank purchased a new stake in Liberty Media Corporation - Liberty Live Series C during the 4th quarter valued at approximately $61,546,000. Institutional investors and hedge funds own 60.36% of the company's stock.

Liberty Media Corporation - Liberty Live Series C Trading Down 0.8%

Shares of LLYVK traded down $0.78 on Tuesday, reaching $98.08. 155,846 shares of the company's stock traded hands, compared to its average volume of 364,376. Liberty Media Corporation - Liberty Live Series C has a 52-week low of $76.93 and a 52-week high of $109.75. The stock has a market cap of $9.02 billion, a PE ratio of -21.68 and a beta of 0.97. The stock's 50 day simple moving average is $102.88 and its two-hundred day simple moving average is $99.36.

Liberty Media Corporation - Liberty Live Series C (NASDAQ:LLYVK - Get Free Report) last announced its quarterly 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 company had revenue of $147.06 million for the quarter, compared to the consensus estimate of $93.63 million. Analysts forecast that Liberty Media Corporation - Liberty Live Series C will post -7.69 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently commented on LLYVK shares. Zacks Research lowered Liberty Media Corporation - Liberty Live Series C from a "hold" rating to a "strong sell" rating in a research report on Wednesday, August 12th. Wall Street Zen upgraded Liberty Media Corporation - Liberty Live Series C from a "sell" rating to a "hold" rating in a research note on Saturday, September 5th. Finally, 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, According to data from MarketBeat, the company presently has a consensus rating of "Sell".

Liberty Media Corporation - Liberty Live Series C Company Profile

Liberty Media Corporation's Liberty Live Series C tracking stock represents an economic interest in the Liberty Live Group, a group of assets and businesses attributed to Liberty Media. The Liberty Live Group is primarily associated with Liberty Media's investment in Live Nation Entertainment, a global live entertainment company involved in concert promotion, venue operations and ticketing through brands such as Ticketmaster.

The group also includes QuintEvents, a provider of hospitality, travel and experiential packages for major sports and entertainment events.

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