Liberty Media Corporation – Liberty Live Series A (NASDAQ:LLYVA) Sees Large Volume Increase – Here’s Why

Shares of Liberty Media Corporation – Liberty Live Series A (NASDAQ:LLYVA) saw an uptick in trading volume on Thursday . 1,398,670 shares traded hands during trading, an increase of 650% from the previous session’s volume of 186,517 shares.The stock last traded at $98.0590 and had previously closed at $96.49.

Analyst Ratings Changes

A number of research firms recently weighed in on LLYVA. Zacks Research raised shares of Liberty Media Corporation – Liberty Live Series A from a “strong sell” rating to a “hold” rating in a report on Friday, May 1st. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Liberty Media Corporation – Liberty Live Series A in a report on Thursday, January 22nd. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce”.

Liberty Media Corporation – Liberty Live Series A Stock Performance

The firm has a market cap of $8.88 billion, a PE ratio of -27.27 and a beta of 0.96. The stock’s 50 day simple moving average is $93.31 and its 200 day simple moving average is $86.89.

Liberty Media Corporation – Liberty Live Series A (NASDAQ:LLYVA) last released its quarterly earnings results on Thursday, May 7th. The company reported ($3.20) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($3.07). The business had revenue of $63.62 million for the quarter, compared to analyst estimates of $70.40 million. As a group, analysts anticipate 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 hedge funds and other institutional investors have recently bought and sold shares of LLYVA. Quarry LP purchased a new position in Liberty Media Corporation – Liberty Live Series A in the 4th quarter worth approximately $29,000. Camelot Portfolios LLC purchased a new position in Liberty Media Corporation – Liberty Live Series A in the 4th quarter worth approximately $42,000. Arax Advisory Partners purchased a new position in Liberty Media Corporation – Liberty Live Series A in the 4th quarter worth approximately $42,000. Fifth Third Bancorp grew its stake in Liberty Media Corporation – Liberty Live Series A by 23,650.0% in the 1st quarter. Fifth Third Bancorp now owns 475 shares of the company’s stock worth $44,000 after buying an additional 473 shares in the last quarter. Finally, Federated Hermes Inc. purchased a new position in Liberty Media Corporation – Liberty Live Series A in the 3rd quarter worth approximately $64,000. Hedge funds and other 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.