Healthcare of Ontario Pension Plan Trust Fund Makes New $1.74 Million Investment in Liberty Media Corporation – Liberty Live Series C $LLYVK

Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 18,500 shares of the company’s stock, valued at approximately $1,741,000.

A number of other hedge funds have also modified their holdings of LLYVK. Kelleher Financial Advisors purchased a new position in shares of Liberty Media Corporation – Liberty Live Series C in the third quarter worth about $26,000. Global Retirement Partners LLC acquired a new position in Liberty Media Corporation – Liberty Live Series C during the fourth quarter worth about $43,000. Align Financial LLC purchased a new stake in Liberty Media Corporation – Liberty Live Series C during the 4th quarter valued at about $48,000. Schroder Investment Management Group purchased a new stake in Liberty Media Corporation – Liberty Live Series C during the 3rd quarter valued at about $57,000. Finally, Quarry LP purchased a new stake in Liberty Media Corporation – Liberty Live Series C during the 4th quarter valued at about $134,000. 60.36% of the stock is currently owned by institutional investors and hedge funds.

Liberty Media Corporation – Liberty Live Series C Stock Down 6.7%

NASDAQ LLYVK opened at $98.60 on Friday. The business’s fifty day simple moving average is $100.94 and its 200-day simple moving average is $95.75. The firm has a market cap of $9.07 billion, a PE ratio of -27.85 and a beta of 0.94. Liberty Media Corporation – Liberty Live Series C has a 52 week low of $76.93 and a 52 week high of $108.97.

Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) last announced its quarterly earnings data on Thursday, May 7th. The company reported ($3.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.13) by ($3.07). The company had revenue of $63.62 million for the quarter, compared to analysts’ expectations of $70.40 million. Research analysts expect that Liberty Media Corporation – Liberty Live Series C will post -3.3 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have weighed in on LLYVK. Zacks Research raised shares of Liberty Media Corporation – Liberty Live Series C from a “strong sell” rating to a “hold” rating in a research note on Friday, July 10th. Wall Street Zen upgraded Liberty Media Corporation – Liberty Live Series C from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Liberty Media Corporation – Liberty Live Series C in a research report on Friday, May 29th. One equities research 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 has a consensus rating of “Reduce”.

Liberty Media Corporation – Liberty Live Series C Profile

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.