Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) Hits New 1-Year High – Still a Buy?

Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK)’s stock price hit a new 52-week high during trading on Thursday . The company traded as high as $108.56 and last traded at $107.27, with a volume of 500959 shares trading hands. The stock had previously closed at $105.64.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Zacks Research lowered Liberty Media Corporation – Liberty Live Series C from a “hold” rating to a “strong sell” rating in a report on Monday, June 1st. Wall Street Zen raised Liberty Media Corporation – Liberty Live Series C from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Liberty Media Corporation – Liberty Live Series C in a research note on Friday, May 29th. Two analysts have rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Liberty Media Corporation – Liberty Live Series C Trading Up 1.5%

The company has a market cap of $9.87 billion, a price-to-earnings ratio of -30.30 and a beta of 0.97. The company’s 50 day moving average price is $97.73 and its 200 day moving average price is $92.84.

Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) last issued its earnings results on Thursday, May 7th. The company reported ($3.20) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($3.07). The firm had revenue of $63.62 million for the quarter, compared to analyst estimates of $70.40 million. Sell-side analysts predict that Liberty Media Corporation – Liberty Live Series C will post -3.3 earnings per share for the current year.

Hedge Funds Weigh In On Liberty Media Corporation – Liberty Live Series C

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Kelleher Financial Advisors purchased a new position in shares of Liberty Media Corporation – Liberty Live Series C during the 3rd quarter worth approximately $26,000. Western Wealth Management LLC purchased a new stake in shares of Liberty Media Corporation – Liberty Live Series C in the first quarter valued at approximately $29,000. Global Retirement Partners LLC acquired a new position in Liberty Media Corporation – Liberty Live Series C during the fourth quarter worth $43,000. EverSource Wealth Advisors LLC grew its holdings 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 acquiring an additional 230 shares during the period. Finally, Align Financial LLC purchased a new position in Liberty Media Corporation – Liberty Live Series C in the fourth quarter worth $48,000. Institutional investors and hedge funds 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.