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Liberty Media Corporation - Liberty Live Series C (NASDAQ:LLYVK) Sets New 12-Month High - Still a Buy?

Liberty Media Corporation - Liberty Live Series C logo with Consumer Discretionary background

Key Points

  • Liberty Media Corporation's Liberty Live Series C stock reached a new 52-week high, trading at $97.92, and closed at $96.11 with a substantial trading volume of 283,654 shares.
  • The company reported a significant quarterly loss, with earnings per share at ($1.93), missing analyst expectations by ($3.15).
  • Institutional investors hold 60.36% of Liberty Media's stock, indicating significant interest from large investors in the company.
  • MarketBeat previews top five stocks to own in October.

Shares of Liberty Media Corporation - Liberty Live Series C (NASDAQ:LLYVK - Get Free Report) hit a new 52-week high during trading on Tuesday . The stock traded as high as $97.92 and last traded at $96.11, with a volume of 283654 shares trading hands. The stock had previously closed at $97.40.

Liberty Media Corporation - Liberty Live Series C Stock Down 1.3%

The stock's 50-day moving average is $86.02 and its 200-day moving average is $77.09. The firm has a market cap of $8.83 billion, a P/E ratio of -30.82 and a beta of 1.41.

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

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

Several large investors have recently made changes to their positions in the stock. Voya Investment Management LLC increased its position in Liberty Media Corporation - Liberty Live Series C by 2.9% during the 1st quarter. Voya Investment Management LLC now owns 5,802 shares of the company's stock worth $395,000 after buying an additional 164 shares during the period. Simon Quick Advisors LLC increased its position in Liberty Media Corporation - Liberty Live Series C by 5.3% during the 2nd quarter. Simon Quick Advisors LLC now owns 3,259 shares of the company's stock worth $264,000 after buying an additional 165 shares during the period. PNC Financial Services Group Inc. increased its position in Liberty Media Corporation - Liberty Live Series C by 15.5% during 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 period. State Board of Administration of Florida Retirement System increased its position in Liberty Media Corporation - Liberty Live Series C by 0.4% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 52,532 shares of the company's stock worth $4,263,000 after buying an additional 220 shares during the period. Finally, CWM LLC increased its position in Liberty Media Corporation - Liberty Live Series C by 31.4% during the 2nd quarter. CWM LLC now owns 1,085 shares of the company's stock worth $88,000 after buying an additional 259 shares during the period. Institutional investors and hedge funds own 60.36% of the company's stock.

About Liberty Media Corporation - Liberty Live Series C

(Get Free Report)

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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