Stock Traders Buy Large Volume of Call Options on Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK)

Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) was the target of unusually large options trading on Friday. Stock investors acquired 11,284 call options on the stock. This represents an increase of 2,025% compared to the typical volume of 531 call options.

Institutional Trading of Liberty Media Corporation – Liberty Live Series C

Several hedge funds have recently modified their holdings of the company. T. Rowe Price Investment Management Inc. grew its position in shares of Liberty Media Corporation – Liberty Live Series C by 5.6% in 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 buying an additional 551,011 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Liberty Media Corporation – Liberty Live Series C by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 4,721,823 shares of the company’s stock worth $392,667,000 after acquiring an additional 63,117 shares in the last quarter. ValueAct Holdings L.P. lifted its position in Liberty Media Corporation – Liberty Live Series C by 2.5% during the fourth quarter. ValueAct Holdings L.P. now owns 3,603,988 shares of the company’s stock valued at $299,708,000 after acquiring an additional 88,100 shares during the last quarter. Morgan Stanley boosted its stake in 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 acquiring an additional 20,587 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its stake in 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 acquiring an additional 96,288 shares in the last quarter. 60.36% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on LLYVK shares. Zacks Research upgraded 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. Wall Street Zen upgraded shares of Liberty Media Corporation – Liberty Live Series C from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Liberty Media Corporation – Liberty Live Series C in a research report on Friday, May 29th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Reduce”.

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

Shares of NASDAQ:LLYVK opened at $102.67 on Friday. The company 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 has a 12-month low of $76.93 and a 12-month high of $108.97. The business’s fifty day simple moving average is $100.35 and its 200-day simple moving average is $94.49.

Liberty Media Corporation – Liberty Live Series C (NASDAQ:LLYVK) last issued 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 company had revenue of $63.62 million during the quarter, compared to analysts’ expectations of $70.40 million. Research analysts predict that Liberty Media Corporation – Liberty Live Series C will post -3.3 EPS for the current 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.