Liberty Media Corporation - Liberty Live Series C (NASDAQ:LLYVK) Rating Lowered to Strong Sell at Zacks Research

Key Points

• Zacks Research downgraded Liberty Media’s Liberty Live Series C (LLYVK) from “hold” to “strong sell,” while other analysts have issued sell or hold ratings; MarketBeat’s average rating is “Sell.”
• 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 of $93.63 million. Analysts expect a full-year loss of $7.69 per share.
• LLYVK opened at $107.87, near its 12-month high of $108.97, with a market capitalization of $9.92 billion; institutional investors own approximately 60.36% of the stock.

Liberty Media Corporation - Liberty Live Series C (NASDAQ:LLYVK - Get Free Report) was downgraded by Zacks Research from a "hold" rating to a "strong sell" rating in a research note issued on Wednesday,Zacks.com reports.

A number of other equities analysts have also recently weighed in on the stock. Wall Street Zen raised shares of Liberty Media Corporation - Liberty Live Series C from a "sell" rating to a "hold" rating in a research note on Saturday, May 9th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Liberty Media Corporation - Liberty Live Series C in a research note on Friday, May 29th. Two research analysts have rated the stock with a Sell rating, According to data from MarketBeat, Liberty Media Corporation - Liberty Live Series C currently has an average rating of "Sell".

Liberty Media Corporation - Liberty Live Series C Price Performance

LLYVK opened at $107.87 on Wednesday. Liberty Media Corporation - Liberty Live Series C has a 12 month low of $76.93 and a 12 month high of $108.97. The stock has a market capitalization of $9.92 billion, a P/E ratio of -23.81 and a beta of 0.97. The business has a 50 day simple moving average of $102.22 and a 200-day simple moving average of $97.16.

Liberty Media Corporation - Liberty Live Series C (NASDAQ:LLYVK - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $147.06 million during the quarter, compared to analysts' expectations of $93.63 million. Research analysts anticipate that Liberty Media Corporation - Liberty Live Series C will post -7.69 EPS for the current year.

Institutional Trading of Liberty Media Corporation - Liberty Live Series C

Several institutional investors and hedge funds have recently modified their holdings of the business. The Manufacturers Life Insurance Company lifted its position in shares of Liberty Media Corporation - Liberty Live Series C by 3.9% in the first quarter. The Manufacturers Life Insurance Company now owns 3,003 shares of the company's stock valued at $283,000 after acquiring an additional 112 shares in the last quarter. GAMMA Investing LLC raised its stake in Liberty Media Corporation - Liberty Live Series C by 21.8% in the 2nd quarter. GAMMA Investing LLC now owns 654 shares of the company's stock valued at $69,000 after purchasing an additional 117 shares during the last quarter. Bessemer Group Inc. raised its stake in Liberty Media Corporation - Liberty Live Series C by 11.5% in the 1st quarter. Bessemer Group Inc. now owns 1,472 shares of the company's stock valued at $139,000 after purchasing an additional 152 shares during the last quarter. HighTower Advisors LLC lifted its holdings in Liberty Media Corporation - Liberty Live Series C by 6.2% in the 4th quarter. HighTower Advisors LLC now owns 3,228 shares of the company's stock valued at $268,000 after purchasing an additional 189 shares in the last quarter. Finally, Ethic Inc. lifted its holdings in Liberty Media Corporation - Liberty Live Series C by 2.6% in the 4th quarter. Ethic Inc. now owns 9,036 shares of the company's stock valued at $751,000 after purchasing an additional 225 shares in the last quarter. Hedge funds and other institutional investors 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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