Liberty Media Corporation – Liberty Live Series A (NASDAQ:LLYVA) Issues Quarterly Earnings Results

Liberty Media Corporation – Liberty Live Series A (NASDAQ:LLYVA) posted its quarterly earnings data on Thursday. The company reported $3.60 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $2.54, Zacks reports. The company had revenue of $103.08 million for the quarter, compared to analyst estimates of $75.00 million.

Liberty Media Corporation – Liberty Live Series A Stock Down 1.6%

LLYVA opened at $102.14 on Friday. The firm has a market cap of $9.40 billion, a P/E ratio of -291.82 and a beta of 0.95. Liberty Media Corporation – Liberty Live Series A has a 52 week low of $74.38 and a 52 week high of $108.60. The business’s fifty day simple moving average is $96.69 and its 200 day simple moving average is $95.06.

Insiders Place Their Bets

In other news, major shareholder John Malone sold 29,593 shares of the firm’s stock in a transaction dated Thursday, September 24th. The shares were sold at an average price of $98.16, for a total transaction of $2,904,848.88. Following the completion of the sale, the insider owned 3,186,342 shares in the company, valued at approximately $312,771,330.72. This trade represents a 0.92% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.01% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Zacks Research upgraded shares of Liberty Media Corporation – Liberty Live Series A from a “strong sell” rating to a “hold” rating in a research report on Friday, October 9th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Liberty Media Corporation – Liberty Live Series A in a research report on Wednesday, August 26th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Reduce”.

Liberty Media Corporation – Liberty Live Series A Company Profile

Liberty Media Corporation’s Liberty Live Group is represented by Liberty Live Series A, a tracking stock traded under the symbol LLYVA. The tracking stock is intended to reflect the performance of the Liberty Live Group, rather than the performance of Liberty Media’s other separately tracked businesses.

The Liberty Live Group’s principal assets are its interests in Live Nation Entertainment, a global provider of live entertainment, concert promotion, venue operations and ticketing services.