Bank of Nova Scotia Sells 58,000 Shares of Liberty Media Corporation – Liberty Live Series C $LLYVK

Bank of Nova Scotia trimmed its stake in Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) by 43.1% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 76,600 shares of the company’s stock after selling 58,000 shares during the period. Bank of Nova Scotia’s holdings in Liberty Media Corporation – Liberty Live Series C were worth $7,209,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of LLYVK. T. Rowe Price Investment Management Inc. raised its position in Liberty Media Corporation – Liberty Live Series C by 5.6% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 10,315,091 shares of the company’s stock worth $857,803,000 after purchasing an additional 551,011 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Liberty Media Corporation – Liberty Live Series C by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 4,721,823 shares of the company’s stock valued at $392,667,000 after buying an additional 63,117 shares during the last quarter. ValueAct Holdings L.P. grew its position in shares of Liberty Media Corporation – Liberty Live Series C by 2.5% in the 4th quarter. ValueAct Holdings L.P. now owns 3,603,988 shares of the company’s stock valued at $299,708,000 after buying an additional 88,100 shares during the last quarter. Morgan Stanley increased its stake in shares of Liberty Media Corporation – Liberty Live Series C by 1.0% in the fourth quarter. Morgan Stanley now owns 2,062,231 shares of the company’s stock valued at $171,495,000 after buying an additional 20,587 shares during the period. Finally, Principal Financial Group Inc. increased its stake in shares of Liberty Media Corporation – Liberty Live Series C by 5.3% in the first quarter. Principal Financial Group Inc. now owns 1,908,977 shares of the company’s stock valued at $179,656,000 after buying an additional 96,288 shares during the period. 60.36% of the stock is owned by institutional investors.

Analysts Set New Price Targets

LLYVK has been the topic of a number of recent analyst reports. Wall Street Zen raised 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 research report on Friday, July 10th. 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. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Reduce”.

Liberty Media Corporation – Liberty Live Series C Trading Up 3.3%

Shares of LLYVK opened at $102.26 on Tuesday. The firm’s fifty day simple moving average is $100.55 and its two-hundred day simple moving average is $95.26. Liberty Media Corporation – Liberty Live Series C has a 12 month low of $76.93 and a 12 month high of $108.97. The stock has a market capitalization of $9.41 billion, a P/E ratio of -28.89 and a beta of 0.94.

Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) last posted its quarterly earnings data on Thursday, May 7th. The company reported ($3.20) earnings per share 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 analysts’ expectations of $70.40 million. As a group, research analysts predict 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.