Alpine Global Management LLC Invests $832,000 in Liberty Media Corporation – Liberty Live Series C $LLYVK

Alpine Global Management LLC purchased a new position in shares of Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) during the 4th quarter, Holdings Channel.com reports. The firm purchased 10,000 shares of the company’s stock, valued at approximately $832,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of LLYVK. HighTower Advisors LLC boosted its position in shares of Liberty Media Corporation – Liberty Live Series C by 6.2% in the 4th quarter. HighTower Advisors LLC now owns 3,228 shares of the company’s stock valued at $268,000 after purchasing an additional 189 shares during the period. Ethic Inc. lifted its stake in Liberty Media Corporation – Liberty Live Series C by 2.6% in the fourth quarter. Ethic Inc. now owns 9,036 shares of the company’s stock valued at $751,000 after buying an additional 225 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of Liberty Media Corporation – Liberty Live Series C by 8.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,910 shares of the company’s stock valued at $242,000 after acquiring an additional 230 shares during the period. Kelleher Financial Advisors acquired a new stake in shares of Liberty Media Corporation – Liberty Live Series C in the third quarter valued at approximately $26,000. Finally, Nilsine Partners LLC grew its position in shares of Liberty Media Corporation – Liberty Live Series C by 3.8% during the fourth quarter. Nilsine Partners LLC now owns 8,500 shares of the company’s stock worth $707,000 after acquiring an additional 315 shares during the last quarter. 60.36% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

LLYVK has been the topic of a number of recent research reports. Wall Street Zen raised shares of Liberty Media Corporation – Liberty Live Series C from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Zacks Research cut shares of Liberty Media Corporation – Liberty Live Series C from a “hold” rating to a “strong sell” rating in a research note on Monday, June 1st. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Liberty Media Corporation – Liberty Live Series C in a research report on Friday, May 29th. Two investment analysts have rated the stock with a Sell rating, According to MarketBeat, the stock has a consensus rating of “Sell”.

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

Shares of NASDAQ:LLYVK opened at $98.46 on Friday. The company has a market cap of $9.06 billion, a P/E ratio of -27.81 and a beta of 0.97. Liberty Media Corporation – Liberty Live Series C has a 52 week low of $76.30 and a 52 week high of $104.20. The company has a 50-day moving average price of $97.08 and a 200 day moving average price of $91.55.

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 for the quarter, missing analysts’ consensus estimates of ($0.13) by ($3.07). The business had revenue of $63.62 million during the quarter, compared to the consensus estimate of $70.40 million. Analysts expect that Liberty Media Corporation – Liberty Live Series C will post -3.3 EPS for the current year.

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.