Liberty Media Corporation – Liberty Live Series A (NASDAQ:LLYVA) Downgraded to Strong Sell Rating by Zacks Research

Liberty Media Corporation – Liberty Live Series A (NASDAQ:LLYVA) was downgraded by research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report released on Monday,Zacks.com reports.

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Liberty Media Corporation – Liberty Live Series A in a research note on Friday. Two equities research analysts have rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Liberty Media Corporation – Liberty Live Series A Stock Down 2.8%

LLYVA opened at $95.26 on Monday. The firm has a market cap of $8.76 billion, a P/E ratio of -26.91 and a beta of 0.95. Liberty Media Corporation – Liberty Live Series A has a 52 week low of $71.25 and a 52 week high of $99.82. The business has a fifty day simple moving average of $93.69 and a 200-day simple moving average of $87.68.

Liberty Media Corporation – Liberty Live Series A (NASDAQ:LLYVA) last announced its quarterly earnings data on Thursday, May 7th. The company reported ($3.20) earnings per share (EPS) 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 analyst estimates of $70.40 million. Sell-side analysts expect that Liberty Media Corporation – Liberty Live Series A will post -3.3 earnings per share for the current year.

Institutional Trading of Liberty Media Corporation – Liberty Live Series A

Several hedge funds have recently modified their holdings of LLYVA. Amundi raised its stake in shares of Liberty Media Corporation – Liberty Live Series A by 592.0% in the first quarter. Amundi now owns 1,309,994 shares of the company’s stock valued at $120,048,000 after acquiring an additional 1,120,684 shares in the last quarter. SG Americas Securities LLC acquired a new stake in Liberty Media Corporation – Liberty Live Series A in the fourth quarter valued at $35,661,000. Principal Financial Group Inc. raised its stake in Liberty Media Corporation – Liberty Live Series A by 933.4% in the third quarter. Principal Financial Group Inc. now owns 384,482 shares of the company’s stock valued at $36,257,000 after buying an additional 347,275 shares in the last quarter. Virtu Financial LLC raised its stake in Liberty Media Corporation – Liberty Live Series A by 133.7% in the third quarter. Virtu Financial LLC now owns 356,459 shares of the company’s stock valued at $33,614,000 after buying an additional 203,902 shares in the last quarter. Finally, Bank of America Corp DE raised its stake in Liberty Media Corporation – Liberty Live Series A by 10.3% in the first quarter. Bank of America Corp DE now owns 1,785,654 shares of the company’s stock valued at $163,637,000 after buying an additional 167,098 shares in the last quarter. 25.07% of the stock is currently owned by institutional investors and hedge funds.

About Liberty Media Corporation – Liberty Live Series A

Liberty Media Corporation – Liberty Live Group Series A (NASDAQ:LLYVA) is a Class A tracking stock of Liberty Media Corporation that is focused on the company’s live sports and entertainment businesses. Headquartered in Englewood, Colorado, Liberty Media was founded in 1991 as a successor to Tele-Communications, Inc, and has since evolved into a diversified holding company. The Liberty Live Group tracking stock provides investors with direct exposure to a portfolio of live sports franchises and related enterprises within the broader Liberty Media framework.

The primary asset underlying the Liberty Live Group is a 100% ownership interest in the Atlanta Braves, one of Major League Baseball’s premier franchises based at Truist Park in Atlanta, Georgia.