Atlas Capital Advisors Inc. Acquires New Holdings in Liberty Media Corporation – Liberty Live Series C $LLYVK

Atlas Capital Advisors Inc. bought a new stake in Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) in the 4th quarter, HoldingsChannel reports. The fund bought 9,484 shares of the company’s stock, valued at approximately $789,000.

Other institutional investors also recently bought and sold shares of the company. Kelleher Financial Advisors acquired a new stake in Liberty Media Corporation – Liberty Live Series C in the third quarter valued at approximately $26,000. Global Retirement Partners LLC acquired a new stake in Liberty Media Corporation – Liberty Live Series C in the fourth quarter valued at approximately $43,000. Schroder Investment Management Group acquired a new stake in Liberty Media Corporation – Liberty Live Series C in the third quarter valued at approximately $57,000. Aster Capital Management DIFC Ltd acquired a new stake in Liberty Media Corporation – Liberty Live Series C in the third quarter valued at approximately $83,000. Finally, Quarry LP acquired a new stake in Liberty Media Corporation – Liberty Live Series C in the fourth quarter valued at approximately $134,000. 60.36% of the stock is currently owned by institutional investors and hedge funds.

Liberty Media Corporation – Liberty Live Series C Stock Performance

NASDAQ:LLYVK opened at $100.81 on Monday. Liberty Media Corporation – Liberty Live Series C has a 12 month low of $73.10 and a 12 month high of $104.20. The firm has a fifty day simple moving average of $96.88 and a 200-day simple moving average of $90.96. The company has a market capitalization of $9.27 billion, a P/E ratio of -28.48 and a beta of 0.97.

Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) last posted its quarterly earnings data on Thursday, May 7th. The company reported ($3.20) EPS for the quarter, missing the consensus estimate of ($0.13) by ($3.07). The firm had revenue of $63.62 million for the quarter, compared to analyst estimates of $70.40 million. Equities analysts forecast that Liberty Media Corporation – Liberty Live Series C will post -3.3 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Zacks Research downgraded 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. Wall Street Zen upgraded shares of Liberty Media Corporation – Liberty Live Series C from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Liberty Media Corporation – Liberty Live Series C in a research note on Friday, May 29th. Two equities research analysts have rated the stock with a Sell rating, According to data from MarketBeat, the company has an average rating of “Sell”.

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.