FNY Investment Advisers LLC Purchases New Shares in Liberty Media Corporation – Liberty Live Series C $LLYVK

FNY Investment Advisers LLC purchased a new position in shares of Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 5,000 shares of the company’s stock, valued at approximately $528,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Kelleher Financial Advisors acquired a new stake in Liberty Media Corporation – Liberty Live Series C during the 3rd quarter worth approximately $26,000. Western Wealth Management LLC acquired a new position 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 shares of Liberty Media Corporation – Liberty Live Series C in the fourth quarter valued at approximately $43,000. EverSource Wealth Advisors LLC increased its holdings in shares of Liberty Media Corporation – Liberty Live Series C by 83.0% in the first quarter. EverSource Wealth Advisors LLC now owns 507 shares of the company’s stock valued at $48,000 after purchasing an additional 230 shares during the period. Finally, Align Financial LLC purchased a new stake in shares of Liberty Media Corporation – Liberty Live Series C during the fourth quarter worth approximately $48,000. Institutional investors and hedge funds own 60.36% of the company’s stock.

Liberty Media Corporation – Liberty Live Series C Trading Down 0.9%

Shares of LLYVK opened at $102.80 on Friday. The firm’s 50-day moving average is $101.45 and its two-hundred day moving average is $96.44. Liberty Media Corporation – Liberty Live Series C has a twelve month low of $76.93 and a twelve month high of $108.97. The firm has a market capitalization of $9.46 billion, a P/E ratio of -22.69 and a beta of 0.97.

Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) last released its quarterly earnings data on Thursday, August 6th. The company reported ($2.92) earnings per share for the quarter, missing the consensus estimate of $0.42 by ($3.34). The company had revenue of $147.06 million during the quarter, compared to analysts’ expectations of $93.63 million. Analysts predict that Liberty Media Corporation – Liberty Live Series C will post -3.3 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on LLYVK shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Liberty Media Corporation – Liberty Live Series C in a research report on Friday, May 29th. Zacks Research upgraded shares of Liberty Media Corporation – Liberty Live Series C from a “strong sell” rating to a “hold” rating in a research report on Friday, July 10th. Finally, Wall Street Zen upgraded shares of Liberty Media Corporation – Liberty Live Series C from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Liberty Media Corporation – Liberty Live Series C presently has a consensus rating of “Reduce”.

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.