Allspring Global Investments Holdings LLC Has $59.35 Million Holdings in Liberty Media Corporation – Liberty Live Series C $LLYVK

Allspring Global Investments Holdings LLC grew its position in Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) by 10.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 625,806 shares of the company’s stock after purchasing an additional 57,478 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Liberty Media Corporation – Liberty Live Series C were worth $59,351,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in LLYVK. Kelleher Financial Advisors bought a new position in Liberty Media Corporation – Liberty Live Series C during the third quarter worth about $26,000. Global Retirement Partners LLC bought a new stake in Liberty Media Corporation – Liberty Live Series C in the 4th quarter valued at about $43,000. Align Financial LLC bought a new stake in Liberty Media Corporation – Liberty Live Series C in the 4th quarter valued at about $48,000. Schroder Investment Management Group acquired a new position in shares of Liberty Media Corporation – Liberty Live Series C during the 3rd quarter worth approximately $57,000. Finally, Quarry LP acquired a new stake in shares of Liberty Media Corporation – Liberty Live Series C in the fourth quarter valued at approximately $134,000. Institutional investors own 60.36% of the company’s stock.

Analyst Ratings Changes

LLYVK has been the topic of a number of analyst reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Liberty Media Corporation – Liberty Live Series C in a research note on Friday, May 29th. 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, 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 report on Saturday, May 9th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Reduce”.

Liberty Media Corporation – Liberty Live Series C Stock Up 1.0%

NASDAQ:LLYVK opened at $102.67 on Friday. Liberty Media Corporation – Liberty Live Series C has a twelve month low of $76.93 and a twelve month high of $108.97. The stock’s 50-day simple moving average is $100.35 and its 200 day simple moving average is $94.49. The firm has a market capitalization of $9.45 billion, a PE ratio of -29.00 and a beta of 0.94.

Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) last posted its earnings results on Thursday, May 7th. The company reported ($3.20) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($3.07). The firm had revenue of $63.62 million for the quarter, compared to analysts’ expectations of $70.40 million. On average, analysts anticipate that Liberty Media Corporation – Liberty Live Series C will post -3.3 EPS for the current fiscal 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.