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

Key Points

• Wall Street Zen upgraded Liberty Media Corporation - Liberty Live Series C (NASDAQ: LLYVK) from “sell” to “hold”, adding to a mixed analyst picture for the stock.
• Other recent ratings include a “sell (d)” from Weiss Ratings and an upgrade from “strong sell” to “hold” by Zacks Research, with MarketBeat showing an overall average rating of “Reduce.”
• The stock recently opened at $95.75, near its 50-day average, with a $8.8 billion market cap and strong institutional ownership of 60.36%.

Liberty Media Corporation - Liberty Live Series C (NASDAQ:LLYVK - Get Free Report) was upgraded by Wall Street Zen from a "sell" rating to a "hold" rating in a research report issued to clients and investors on Saturday.

Several other equities analysts have also recently issued reports on the company. Weiss Ratings reiterated a "sell (d)" rating on shares of Liberty Media Corporation - Liberty Live Series C in a research report on Thursday, January 22nd. Zacks Research raised Liberty Media Corporation - Liberty Live Series C from a "strong sell" rating to a "hold" rating in a research note on Friday, May 1st. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Reduce".

Liberty Media Corporation - Liberty Live Series C Price Performance

Liberty Media Corporation - Liberty Live Series C stock opened at $95.75 on Friday. Liberty Media Corporation - Liberty Live Series C has a 12-month low of $71.48 and a 12-month high of $102.62. The stock has a market capitalization of $8.80 billion, a PE ratio of -184.13 and a beta of 0.98. The firm has a 50 day simple moving average of $95.76 and a 200-day simple moving average of $89.01.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. T. Rowe Price Investment Management Inc. increased its holdings in Liberty Media Corporation - Liberty Live Series C by 5.6% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 10,315,091 shares of the company's stock worth $857,803,000 after buying an additional 551,011 shares during the last quarter. Vanguard Group Inc. increased its position in Liberty Media Corporation - Liberty Live Series C by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 4,721,823 shares of the company's stock worth $392,667,000 after buying an additional 63,117 shares during the last quarter. ValueAct Holdings L.P. raised its holdings in Liberty Media Corporation - Liberty Live Series C by 2.5% during the fourth quarter. ValueAct Holdings L.P. now owns 3,603,988 shares of the company's stock valued at $299,708,000 after buying an additional 88,100 shares in the last quarter. Morgan Stanley lifted its position in shares of Liberty Media Corporation - Liberty Live Series C by 1.0% in the fourth quarter. Morgan Stanley now owns 2,062,231 shares of the company's stock worth $171,495,000 after buying an additional 20,587 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its position 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 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.