Liberty Media Corporation – Liberty Live Series A (NASDAQ:LLYVA) Trading Down 0.4% – Here’s What Happened

Liberty Media Corporation – Liberty Live Series A (NASDAQ:LLYVA)’s share price fell 0.4% on Thursday . The company traded as low as $94.34 and last traded at $95.04. 104,387 shares traded hands during mid-day trading, a decline of 54% from the average session volume of 227,561 shares. The stock had previously closed at $95.39.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on LLYVA. Weiss Ratings reissued a “sell (d-)” rating on shares of Liberty Media Corporation – Liberty Live Series A in a research report on Friday, May 29th. Zacks Research upgraded shares of Liberty Media Corporation – Liberty Live Series A from a “strong sell” rating to a “hold” rating in a research note on Friday, July 10th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Reduce”.

Liberty Media Corporation – Liberty Live Series A Trading Up 0.6%

The stock’s 50 day moving average price is $97.14 and its two-hundred day moving average price is $92.43. The firm has a market capitalization of $8.80 billion, a PE ratio of -27.02 and a beta of 0.92.

Liberty Media Corporation – Liberty Live Series A (NASDAQ:LLYVA) last announced its earnings results 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 company had revenue of $63.62 million during the quarter, compared to analysts’ expectations of $70.40 million. Analysts expect that Liberty Media Corporation – Liberty Live Series A will post -3.3 earnings per share for the current year.

Hedge Funds Weigh In On Liberty Media Corporation – Liberty Live Series A

A number of institutional investors and hedge funds have recently bought and sold shares of LLYVA. Bank of America Corp DE boosted its holdings in Liberty Media Corporation – Liberty Live Series A by 10.3% in the 1st quarter. Bank of America Corp DE now owns 1,785,654 shares of the company’s stock valued at $163,637,000 after purchasing an additional 167,098 shares during the period. Amundi raised its position in shares of Liberty Media Corporation – Liberty Live Series A by 592.0% during the first quarter. Amundi now owns 1,309,994 shares of the company’s stock valued at $120,048,000 after buying an additional 1,120,684 shares during the last quarter. California State Teachers Retirement System raised its position in shares of Liberty Media Corporation – Liberty Live Series A by 28.9% during the first quarter. California State Teachers Retirement System now owns 22,674 shares of the company’s stock valued at $2,078,000 after buying an additional 5,077 shares during the last quarter. Royal Bank of Canada lifted its stake in shares of Liberty Media Corporation – Liberty Live Series A by 2,605.3% in the first quarter. Royal Bank of Canada now owns 31,327 shares of the company’s stock valued at $2,870,000 after buying an additional 30,169 shares during the period. Finally, Quantinno Capital Management LP lifted its stake in shares of Liberty Media Corporation – Liberty Live Series A by 13.9% in the first quarter. Quantinno Capital Management LP now owns 94,497 shares of the company’s stock valued at $8,660,000 after buying an additional 11,543 shares during the period. Institutional investors own 25.07% of the company’s stock.

Liberty Media Corporation – Liberty Live Series A Company Profile

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.