Geode Capital Management LLC Increases Holdings in Liberty Media Corporation – Liberty Live Series C $LLYVK

Geode Capital Management LLC grew its holdings in shares of Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) by 1.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 884,548 shares of the company’s stock after buying an additional 10,106 shares during the period. Geode Capital Management LLC owned 0.96% of Liberty Media Corporation – Liberty Live Series C worth $73,582,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of Liberty Media Corporation – Liberty Live Series C by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 4,721,823 shares of the company’s stock valued at $392,667,000 after purchasing an additional 63,117 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Liberty Media Corporation – Liberty Live Series C by 7.4% in the 4th quarter. Principal Financial Group Inc. now owns 1,812,689 shares of the company’s stock valued at $150,744,000 after purchasing an additional 124,223 shares during the last quarter. Bamco Inc. NY lifted its holdings in shares of Liberty Media Corporation – Liberty Live Series C by 2.9% in the 3rd quarter. Bamco Inc. NY now owns 1,458,910 shares of the company’s stock valued at $141,471,000 after purchasing an additional 41,512 shares during the last quarter. State Street Corp lifted its holdings in shares of Liberty Media Corporation – Liberty Live Series C by 2.2% in the 2nd quarter. State Street Corp now owns 825,898 shares of the company’s stock valued at $67,030,000 after purchasing an additional 17,989 shares during the last quarter. Finally, SG Americas Securities LLC lifted its holdings in shares of Liberty Media Corporation – Liberty Live Series C by 1,012.6% in the 4th quarter. SG Americas Securities LLC now owns 609,399 shares of the company’s stock valued at $50,678,000 after purchasing an additional 554,625 shares during the last quarter. 60.36% of the stock is owned by hedge funds and other institutional investors.

Liberty Media Corporation – Liberty Live Series C Stock Down 0.7%

LLYVK opened at $92.68 on Tuesday. The business has a 50 day moving average price of $96.30 and a two-hundred day moving average price of $90.38. The company has a market cap of $8.53 billion, a PE ratio of -26.18 and a beta of 0.97. Liberty Media Corporation – Liberty Live Series C has a 52 week low of $73.10 and a 52 week high of $102.62.

Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) last posted its quarterly earnings data on Thursday, May 7th. The company reported ($3.20) EPS for the quarter, missing the consensus estimate of ($0.13) by ($3.07). The business had revenue of $63.62 million during the quarter, compared to analysts’ expectations of $70.40 million. As a group, sell-side analysts expect that Liberty Media Corporation – Liberty Live Series C will post -3.3 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently weighed in on LLYVK. Zacks Research downgraded Liberty Media Corporation – Liberty Live Series C from a “hold” rating to a “strong sell” rating in a report on Monday, June 1st. Weiss Ratings reissued a “sell (d-)” rating on shares of Liberty Media Corporation – Liberty Live Series C in a report on Friday, May 29th. 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, May 9th. Two analysts have rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has an average rating of “Sell”.

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.