Liberty Media Corporation - Liberty Live Series C (NASDAQ:LLYVK) Stock Price Up 2.5% - Time to Buy?

Key Points

• LLYVK rose 2.5% to approximately $100.49 in Tuesday trading, with volume 37% above its average session level.
• Analyst sentiment remains cautious: the stock has a consensus “Reduce” rating, with one Hold and one Sell rating.
• The company reported a quarterly loss of $2.92 per share, well below the $0.42 consensus estimate, despite revenue exceeding expectations; major shareholder John Malone also sold nearly $2.9 million worth of shares.

Shares of Liberty Media Corporation - Liberty Live Series C (NASDAQ:LLYVK - Get Free Report) traded up 2.5% during trading on Tuesday. The stock traded as high as $100.74 and last traded at $100.49. 365,344 shares changed hands during mid-day trading, an increase of 37% from the average session volume of 267,319 shares. The stock had previously closed at $98.05.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the stock. Weiss Ratings reissued a "sell (d-)" rating on shares of Liberty Media Corporation - Liberty Live Series C in a research note 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 report 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 research note on Saturday, September 5th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Liberty Media Corporation - Liberty Live Series C has a consensus rating of "Reduce".

Liberty Media Corporation - Liberty Live Series C Stock Up 2.5%

The firm has a market capitalization of $9.25 billion, a PE ratio of -22.18 and a beta of 1.00. The business's fifty day moving average price is $100.58 and its 200 day moving average price is $99.91.

Liberty Media Corporation - Liberty Live Series C (NASDAQ:LLYVK - Get Free Report) last posted 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 firm had revenue of $147.06 million for the quarter, compared to analyst estimates of $93.63 million. As a group, sell-side analysts forecast that Liberty Media Corporation - Liberty Live Series C will post -7.69 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Liberty Media Corporation - Liberty Live Series C news, major shareholder John Malone sold 29,593 shares of Liberty Media Corporation - Liberty Live Series C stock in a transaction that occurred 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 completion of the sale, the insider directly owned 3,186,342 shares of the company's stock, valued at approximately $312,771,330.72. The trade was a 0.92% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Western Wealth Management LLC acquired a new position in Liberty Media Corporation - Liberty Live Series C in the first quarter valued at $29,000. EverSource Wealth Advisors LLC lifted its position in 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 worth $48,000 after buying an additional 230 shares during the period. GAMMA Investing LLC lifted its position in 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 buying an additional 117 shares during the period. Versant Capital Management Inc lifted its position in Liberty Media Corporation - Liberty Live Series C by 35.4% during the second quarter. Versant Capital Management Inc now owns 1,112 shares of the company's stock worth $117,000 after buying an additional 291 shares during the period. Finally, Bessemer Group Inc. boosted 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 worth $139,000 after buying an additional 152 shares during the last quarter. 60.36% of the stock is currently owned by institutional investors and hedge funds.

About Liberty Media Corporation - Liberty Live Series C

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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