Liberty Media Corporation - Liberty Live Series C (NASDAQ:LLYVK) Major Shareholder Buys 28,333 Shares of Stock

Key Points

• Major shareholder John Malone purchased 28,333 LLYVK shares at an average price of $102.53, investing approximately $2.9 million and increasing his ownership by 1.25% to 2.30 million shares.
• LLYVK traded at $99.92, with a market capitalization of about $9.19 billion. The company reported a quarterly loss of $2.92 per share, missing estimates, despite revenue of $147.06 million exceeding expectations.
• Analyst sentiment remains negative, with an average “Sell” rating from two analysts, while institutional investors own approximately 60.36% of the stock.

Liberty Media Corporation - Liberty Live Series C (NASDAQ:LLYVK - Get Free Report) major shareholder John Malone acquired 28,333 shares of the company's stock in a transaction dated Thursday, September 24th. The shares were acquired at an average cost of $102.53 per share, with a total value of $2,904,982.49. Following the completion of the purchase, the insider owned 2,298,438 shares in the company, valued at approximately $235,658,848.14. This represents a 1.25% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Large shareholders that own 10% or more of a company's shares are required to disclose their sales and purchases with the SEC.

Liberty Media Corporation - Liberty Live Series C Stock Performance

NASDAQ LLYVK traded up $0.56 during mid-day trading on Monday, reaching $99.92. 283,903 shares of the stock were exchanged, compared to its average volume of 363,633. Liberty Media Corporation - Liberty Live Series C has a 1-year low of $76.93 and a 1-year high of $109.75. The stock has a market capitalization of $9.19 billion, a PE ratio of -22.06 and a beta of 0.97. The business's fifty day simple moving average is $101.86 and its 200 day simple moving average is $99.38.

Liberty Media Corporation - Liberty Live Series C (NASDAQ:LLYVK - Get Free Report) last issued 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 business had revenue of $147.06 million during the quarter, compared to analysts' expectations of $93.63 million. On average, analysts anticipate that Liberty Media Corporation - Liberty Live Series C will post -7.69 EPS for the current year.

Analysts Set New Price Targets

LLYVK has been the topic of a number of recent research reports. Zacks Research cut 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 report on Wednesday, August 26th. Finally, Wall Street Zen raised shares of Liberty Media Corporation - Liberty Live Series C from a "sell" rating to a "hold" rating in a research report on Saturday, September 5th. Two equities research analysts have rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has an average rating of "Sell".

Institutional Investors Weigh In On Liberty Media Corporation - Liberty Live Series C

A number of hedge funds and other institutional investors have recently modified their holdings of LLYVK. T. Rowe Price Investment Management Inc. increased its stake 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 valued at $857,803,000 after acquiring an additional 551,011 shares during the period. Principal Financial Group Inc. boosted its stake in Liberty Media Corporation - Liberty Live Series C by 5.3% in the 1st quarter. Principal Financial Group Inc. now owns 1,908,977 shares of the company's stock worth $179,656,000 after purchasing an additional 96,288 shares during the period. Bamco Inc. NY boosted its position in shares of Liberty Media Corporation - Liberty Live Series C by 10.6% in the fourth quarter. Bamco Inc. NY now owns 1,613,666 shares of the company's stock worth $134,192,000 after buying an additional 154,756 shares during the period. Geode Capital Management LLC grew its holdings in shares of Liberty Media Corporation - Liberty Live Series C by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 884,548 shares of the company's stock valued at $73,582,000 after buying an additional 10,106 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Liberty Media Corporation - Liberty Live Series C in the fourth quarter worth approximately $61,546,000. 60.36% of the stock is currently owned by institutional investors.

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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