Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) Announces Quarterly Earnings Results, Beats Expectations By $2.54 EPS

Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) announced its quarterly earnings results on Thursday. The company reported $3.60 EPS for the quarter, beating the consensus estimate of $1.06 by $2.54, Zacks reports. The company had revenue of $103.08 million during the quarter, compared to analyst estimates of $75.00 million.

Liberty Media Corporation – Liberty Live Series C Price Performance

Shares of LLYVK stock traded down $2.04 during trading hours on Friday, hitting $106.30. 421,400 shares of the company’s stock were exchanged, compared to its average volume of 252,590. Liberty Media Corporation – Liberty Live Series C has a 52 week low of $76.93 and a 52 week high of $112.99. The stock’s 50-day moving average is $100.05 and its 200-day moving average is $98.07.

Analysts Set New Price Targets

A number of brokerages have issued reports on LLYVK. Wall Street Zen raised Liberty Media Corporation – Liberty Live Series C from a “sell” rating to a “hold” rating in a report on Saturday, September 5th. Zacks Research raised shares of Liberty Media Corporation – Liberty Live Series C from a “strong sell” rating to a “hold” rating in a report on Friday, October 9th. Finally, 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. 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 data from MarketBeat.com, Liberty Media Corporation – Liberty Live Series C has an average rating of “Reduce”.

Insider Activity

In related news, major shareholder John Malone sold 29,593 shares of the company’s stock in a transaction dated Thursday, September 24th. The shares were sold at an average price of $98.16, for a total transaction of $2,904,848.88. Following the transaction, the insider owned 3,186,342 shares in the company, valued at $312,771,330.72. This represents a 0.92% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Liberty Media Corporation – Liberty Live Series C Company Profile

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.