Liberty Media Corporation – Liberty Live Series A (NASDAQ:LLYVA) Shares Gap Down – What’s Next?

Liberty Media Corporation – Liberty Live Series A (NASDAQ:LLYVA)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $102.10, but opened at $94.79. Liberty Media Corporation – Liberty Live Series A shares last traded at $97.5290, with a volume of 2,012 shares.

Wall Street Analysts Forecast Growth

LLYVA has been the subject of a number of research reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Liberty Media Corporation – Liberty Live Series A in a 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 equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Reduce”.

Liberty Media Corporation – Liberty Live Series A Price Performance

The business’s 50-day moving average price is $97.63 and its two-hundred day moving average price is $93.38. The company has a market capitalization of $9.16 billion, a price-to-earnings ratio of -28.13 and a beta of 0.95.

Liberty Media Corporation – Liberty Live Series A (NASDAQ:LLYVA) last issued its quarterly earnings results 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 company had revenue of $63.62 million during the quarter, compared to analyst estimates of $70.40 million. As a group, research analysts predict that Liberty Media Corporation – Liberty Live Series A will post -3.3 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. AQR Capital Management LLC lifted its position in Liberty Media Corporation – Liberty Live Series A by 14.9% during the first quarter. AQR Capital Management LLC now owns 9,907 shares of the company’s stock worth $666,000 after purchasing an additional 1,285 shares during the period. Integrated Wealth Concepts LLC acquired a new position in shares of Liberty Media Corporation – Liberty Live Series A in the 1st quarter valued at approximately $282,000. Goldman Sachs Group Inc. lifted its holdings in shares of Liberty Media Corporation – Liberty Live Series A by 16.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 41,392 shares of the company’s stock worth $2,783,000 after acquiring an additional 5,945 shares during the period. Quantbot Technologies LP lifted its holdings in shares of Liberty Media Corporation – Liberty Live Series A by 72.3% during the 2nd quarter. Quantbot Technologies LP now owns 4,874 shares of the company’s stock worth $387,000 after acquiring an additional 2,045 shares during the period. Finally, Invesco Ltd. boosted its position in shares of Liberty Media Corporation – Liberty Live Series A by 23.0% during the 2nd quarter. Invesco Ltd. now owns 27,675 shares of the company’s stock worth $2,200,000 after acquiring an additional 5,171 shares in the last quarter. 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.