LYV - Is Liberty SiriusXM Group Stock a Buy?
Liberty SiriusXM Group (NASDAQ: LSXMA) (NASDAQ: LSXMB) (NASDAQ: LSXMK) can be a confusing stock to own. It's one of the three main branches of Liberty Media , which also owns Formula One and the Atlanta Braves through the Liberty Braves Group .
Each of these three subsidiaries trades under multiple share classes. Liberty SiriusXM's A shares (LSXMA) offer one vote per share, its B shares (LSXMB) offer 10 votes per share, and its C shares (LSXMK) don't have any voting power. Its A and B shares are interchangeable, but its C shares are not.
Liberty SiriusXM is mainly a tracking stock for Liberty's stakes in two other public companies: Sirius XM (NASDAQ: SIRI) , the satellite radio company that also owns the streaming service Pandora; and Live Nation (NYSE: LYV) , the events promoter that merged with Ticketmaster in 2010.
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Is Liberty SiriusXM Group Stock a Buy?