Liberty Media Corporation - Liberty Live Series C (NASDAQ:LLYVK) Reaches New 52-Week High - Still a Buy?

Key Points

• LLYVK reached a new 52-week high, trading as high as $109.76 and up 3.5% on the day.
• Analyst views remain cautious: ratings include one Hold and one Sell, producing a MarketBeat average rating of “Reduce.”
• Latest quarterly results were mixed: the company reported a loss of $2.92 per share, missing expectations, while revenue of $147.06 million exceeded estimates.

Liberty Media Corporation - Liberty Live Series C (NASDAQ:LLYVK - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Wednesday. The company traded as high as $109.76 and last traded at $109.1540, with a volume of 106,867 shares. The stock had previously closed at $105.87.

Wall Street Analyst Weigh In

Several research analysts have commented on LLYVK shares. Weiss Ratings restated a "sell (d-)" rating on shares of Liberty Media Corporation - Liberty Live Series C in a research report on Wednesday, August 26th. Zacks Research upgraded Liberty Media Corporation - Liberty Live Series C from a "strong sell" rating to a "hold" rating in a research note on Friday, October 9th. Finally, Wall Street Zen raised Liberty Media Corporation - Liberty Live Series C from a "sell" rating to a "hold" rating in a report on Saturday, September 5th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Reduce".

Liberty Media Corporation - Liberty Live Series C Stock Up 3.5%

The stock has a 50 day moving average of $99.89 and a 200 day moving average of $97.69. The company has a market capitalization of $10.08 billion, a price-to-earnings ratio of -24.24 and a beta of 0.97.

Liberty Media Corporation - Liberty Live Series C (NASDAQ:LLYVK - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The company reported ($2.92) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($3.34). The business had revenue of $147.06 million for the quarter, compared to analysts' expectations of $93.63 million. As a group, sell-side analysts anticipate that Liberty Media Corporation - Liberty Live Series C will post -7.69 EPS for the current fiscal year.

Insider Transactions at Liberty Media Corporation - Liberty Live Series C

In related news, major shareholder John Malone sold 29,593 shares of the business's stock in a transaction on Thursday, September 24th. The shares were sold at an average price of $98.16, for a total value of $2,904,848.88. Following the transaction, the insider owned 3,186,342 shares in the company, valued at $312,771,330.72. The trade was a 0.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in LLYVK. Western Wealth Management LLC acquired a new position in Liberty Media Corporation - Liberty Live Series C during the 1st quarter worth approximately $29,000. EverSource Wealth Advisors LLC increased its holdings in shares of Liberty Media Corporation - Liberty Live Series C by 83.0% during the first quarter. EverSource Wealth Advisors LLC now owns 507 shares of the company's stock valued at $48,000 after acquiring an additional 230 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Liberty Media Corporation - Liberty Live Series C by 21.8% during the second quarter. GAMMA Investing LLC now owns 654 shares of the company's stock worth $69,000 after purchasing an additional 117 shares during the period. Versant Capital Management Inc lifted its holdings in shares of Liberty Media Corporation - Liberty Live Series C by 35.4% in the 2nd quarter. Versant Capital Management Inc now owns 1,112 shares of the company's stock worth $117,000 after purchasing an additional 291 shares in the last quarter. Finally, Bessemer Group Inc. lifted its holdings in shares of 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 worth $139,000 after purchasing an additional 152 shares in the last quarter. 60.36% of the stock is owned by institutional investors and hedge funds.

Liberty Media Corporation - Liberty Live Series C Company Profile

Liberty Media Corporation's Liberty Live Group is represented by its Series C tracking stock, traded on the Nasdaq under the symbol LLYVK. A tracking stock is designed to reflect the economic performance of a specific business group within a broader corporate structure rather than the performance of Liberty Media as a whole.

The Liberty Live Group primarily represents Liberty Media's investment in Live Nation Entertainment, a global live entertainment company. Live Nation promotes concerts and events, operates and manages entertainment venues, and provides ticketing services through its Ticketmaster business.

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