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

Key Points

• Wall Street Zen downgraded Liberty Live Series C (LLYVK) from “hold” to “sell.” Zacks Research and Weiss Ratings have also issued bearish assessments, giving the stock an overall “Sell” rating.
• LLYVK shares recently traded at $108.86, near their 52-week high of $109.75, with a market capitalization of approximately $10.02 billion.
• The company reported a quarterly loss of $2.92 per share, missing the $0.42 consensus estimate, despite revenue of $147.06 million exceeding expectations; analysts project a full-year loss of $7.69 per share.

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

Several other research analysts 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. Weiss Ratings reissued a "sell (d-)" rating on shares of Liberty Media Corporation - Liberty Live Series C in a report on Friday, May 29th. Two research analysts have rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has an average rating of "Sell".

Liberty Media Corporation - Liberty Live Series C Stock Up 0.9%

Shares of LLYVK stock opened at $108.86 on Friday. The firm has a market capitalization of $10.02 billion, a PE ratio of -24.03 and a beta of 0.97. The company has a 50 day moving average price of $102.53 and a 200-day moving average price of $97.25. Liberty Media Corporation - Liberty Live Series C has a 52 week low of $76.93 and a 52 week high of $109.75.

Liberty Media Corporation - Liberty Live Series C (NASDAQ:LLYVK - Get Free Report) last posted its earnings results on Thursday, August 6th. The company reported ($2.92) earnings per share 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 the consensus estimate of $93.63 million. Analysts anticipate that Liberty Media Corporation - Liberty Live Series C will post -7.69 earnings per share for the current year.

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

Several large investors have recently added to or reduced their stakes in the stock. S&CO Inc. bought a new stake in shares of Liberty Media Corporation - Liberty Live Series C in the 2nd quarter valued at approximately $23,459,000. FNY Investment Advisers LLC purchased a new position in Liberty Media Corporation - Liberty Live Series C during the second quarter worth $528,000. GAMMA Investing LLC raised its stake in shares of Liberty Media Corporation - Liberty Live Series C by 21.8% in the second quarter. GAMMA Investing LLC now owns 654 shares of the company's stock valued at $69,000 after acquiring an additional 117 shares during the period. Versant Capital Management Inc raised its stake in shares of Liberty Media Corporation - Liberty Live Series C by 35.4% in the second quarter. Versant Capital Management Inc now owns 1,112 shares of the company's stock valued at $117,000 after acquiring an additional 291 shares during the period. Finally, Western Wealth Management LLC bought a new stake in shares of Liberty Media Corporation - Liberty Live Series C in the 1st quarter worth about $29,000. 60.36% of the stock is owned by institutional investors.

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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