Liberty Media Corporation – Liberty Live Series C Target of Unusually Large Options Trading (NASDAQ:LLYVK)

Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) saw some unusual options trading activity on Friday. Traders bought 11,284 call options on the company. This is an increase of 2,025% compared to the average daily volume of 531 call options.

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

NASDAQ:LLYVK opened at $102.67 on Friday. The business’s fifty day moving average price is $100.35 and its 200 day moving average price is $94.49. The firm has a market capitalization of $9.45 billion, a price-to-earnings ratio of -29.00 and a beta of 0.94. Liberty Media Corporation – Liberty Live Series C has a 1-year low of $76.93 and a 1-year high of $108.97.

Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) last announced its quarterly earnings data on Thursday, May 7th. The company reported ($3.20) EPS 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 analysts’ expectations of $70.40 million. Equities analysts forecast that Liberty Media Corporation – Liberty Live Series C will post -3.3 earnings per share for the current year.

Wall Street Analyst Weigh In

LLYVK has been the topic of several analyst reports. Zacks Research raised shares of Liberty Media Corporation – Liberty Live Series C from a “strong sell” rating to a “hold” rating in a research report on Friday, July 10th. Weiss Ratings restated a “sell (d-)” rating on shares of Liberty Media Corporation – Liberty Live Series C in a report on Friday, May 29th. 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 analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce”.

Institutional Investors Weigh In On Liberty Media Corporation – Liberty Live Series C

A number of institutional investors have recently modified their holdings of LLYVK. Kelleher Financial Advisors acquired a new position in shares of Liberty Media Corporation – Liberty Live Series C in the third quarter worth $26,000. Western Wealth Management LLC acquired a new stake in Liberty Media Corporation – Liberty Live Series C during the first quarter valued at $29,000. EverSource Wealth Advisors LLC boosted its position in Liberty Media Corporation – Liberty Live Series C by 83.0% during the first quarter. EverSource Wealth Advisors LLC now owns 507 shares of the company’s stock valued at $48,000 after purchasing an additional 230 shares during the last quarter. Global Retirement Partners LLC purchased a new position in Liberty Media Corporation – Liberty Live Series C in the fourth quarter valued at about $43,000. Finally, Align Financial LLC acquired a new position in Liberty Media Corporation – Liberty Live Series C in the 4th quarter worth about $48,000. Institutional investors and hedge funds own 60.36% of the company’s stock.

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.