Ardmore Road Asset Management LP Buys Shares of 150,000 Liberty Media Corporation – Liberty Live Series C $LLYVK

Ardmore Road Asset Management LP purchased a new position in shares of Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) during the 1st quarter, Holdings Channel reports. The institutional investor purchased 150,000 shares of the company’s stock, valued at approximately $14,116,000.

Other hedge funds have also recently modified their holdings of the company. Principal Financial Group Inc. grew its holdings in Liberty Media Corporation – Liberty Live Series C by 7.4% during the fourth quarter. Principal Financial Group Inc. now owns 1,812,689 shares of the company’s stock valued at $150,744,000 after purchasing an additional 124,223 shares during the period. Vanguard Group Inc. increased its position in Liberty Media Corporation – Liberty Live Series C by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 4,721,823 shares of the company’s stock worth $392,667,000 after buying an additional 63,117 shares in the last quarter. Oak Thistle LLC bought a new position in shares of Liberty Media Corporation – Liberty Live Series C in the fourth quarter worth about $2,410,000. Allspring Global Investments Holdings LLC raised its stake in shares of Liberty Media Corporation – Liberty Live Series C by 3.3% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 568,328 shares of the company’s stock worth $47,830,000 after buying an additional 18,301 shares during the period. Finally, Makena Capital Management LLC lifted its position in shares of Liberty Media Corporation – Liberty Live Series C by 2.8% during the 4th quarter. Makena Capital Management LLC now owns 269,418 shares of the company’s stock valued at $22,405,000 after buying an additional 7,293 shares in the last quarter. Institutional investors own 60.36% of the company’s stock.

Liberty Media Corporation – Liberty Live Series C Price Performance

NASDAQ:LLYVK opened at $99.04 on Monday. The business’s 50-day simple moving average is $100.49 and its two-hundred day simple moving average is $95.13. Liberty Media Corporation – Liberty Live Series C has a 52 week low of $76.93 and a 52 week high of $108.97. The stock has a market cap of $9.11 billion, a PE ratio of -27.98 and a beta of 0.94.

Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) last released 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 firm had revenue of $63.62 million during the quarter, compared to analysts’ expectations of $70.40 million. Sell-side analysts anticipate that Liberty Media Corporation – Liberty Live Series C will post -3.3 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

LLYVK has been the subject of a number of recent research reports. Wall Street Zen upgraded Liberty Media Corporation – Liberty Live Series C from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. 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, Weiss Ratings reiterated a “sell (d-)” rating on shares of Liberty Media Corporation – Liberty Live Series C in a research report on Friday, May 29th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Liberty Media Corporation – Liberty Live Series C presently has an average rating of “Reduce”.

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.