Liberty Media Corporation – Liberty Live Series C (LLYVK) Set to Post Earnings on Wednesday

Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) is expected to be announcing its results before the market opens on Wednesday, November 4th. Analysts expect the company to announce earnings of $1.06 per share and revenue of $75.30 million for the quarter.

Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) last announced its earnings results 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 during the quarter, compared to analysts’ expectations of $93.63 million. On average, analysts expect Liberty Media Corporation – Liberty Live Series C to post ($7.69) EPS for the current fiscal year and ($3.38) EPS for the next fiscal year.

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

Shares of NASDAQ LLYVK opened at $100.28 on Wednesday. Liberty Media Corporation – Liberty Live Series C has a one year low of $76.93 and a one year high of $109.75. The business’s fifty day moving average price is $100.05 and its 200-day moving average price is $97.18.

Insider Activity

In related news, major shareholder John Malone sold 29,593 shares of Liberty Media Corporation – Liberty Live Series C stock in a transaction on Thursday, September 24th. The stock was 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 owned 3,186,342 shares of the company’s stock, valued at $312,771,330.72. The trade was a 0.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Analysts Set New Price Targets

Several brokerages have issued reports on LLYVK. Weiss Ratings reiterated a “sell (d-)” rating on shares of Liberty Media Corporation – Liberty Live Series C in a research report on Wednesday, August 26th. Wall Street Zen upgraded Liberty Media Corporation – Liberty Live Series C from a “sell” rating to a “hold” rating in a research report on Saturday, September 5th. Finally, 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, October 9th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Liberty Media Corporation – Liberty Live Series C has a consensus rating of “Reduce”.

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.