Liberty Media Corporation – Liberty Live Series C $LLYVK Shares Sold by Handelsbanken Fonder AB

Handelsbanken Fonder AB lessened its holdings in shares of Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) by 43.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 13,500 shares of the company’s stock after selling 10,300 shares during the period. Handelsbanken Fonder AB’s holdings in Liberty Media Corporation – Liberty Live Series C were worth $1,123,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Kelleher Financial Advisors acquired a new stake in Liberty Media Corporation – Liberty Live Series C in the third quarter valued at $26,000. Schroder Investment Management Group acquired a new stake in Liberty Media Corporation – Liberty Live Series C in the third quarter valued at $57,000. Aster Capital Management DIFC Ltd acquired a new stake in Liberty Media Corporation – Liberty Live Series C in the third quarter valued at $83,000. Bessemer Group Inc. grew its holdings in Liberty Media Corporation – Liberty Live Series C by 579.3% in the third quarter. Bessemer Group Inc. now owns 1,216 shares of the company’s stock valued at $118,000 after purchasing an additional 1,037 shares during the last quarter. Finally, Comerica Bank grew its holdings in Liberty Media Corporation – Liberty Live Series C by 26.6% in the third quarter. Comerica Bank now owns 2,088 shares of the company’s stock valued at $202,000 after purchasing an additional 439 shares during the last quarter. Institutional investors and hedge funds own 60.36% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in 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, May 9th. Zacks Research raised Liberty Media Corporation – Liberty Live Series C from a “strong sell” rating to a “hold” rating in a report on Friday, May 1st. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Reduce”.

Liberty Media Corporation – Liberty Live Series C Stock Performance

Liberty Media Corporation – Liberty Live Series C stock opened at $98.31 on Wednesday. The firm has a market capitalization of $9.04 billion, a price-to-earnings ratio of -27.77 and a beta of 0.98. Liberty Media Corporation – Liberty Live Series C has a fifty-two week low of $71.48 and a fifty-two week high of $102.62. The stock’s fifty day moving average is $95.86 and its two-hundred day moving average is $89.64.

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

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.