Empyrean Capital Partners LP Sells 22,313 Shares of Liberty Media Corporation – Liberty Live Series A $LLYVA

Empyrean Capital Partners LP lowered its position in shares of Liberty Media Corporation – Liberty Live Series A (NASDAQ:LLYVA) by 23.6% during the fourth quarter, HoldingsChannel reports. The fund owned 72,250 shares of the company’s stock after selling 22,313 shares during the quarter. Empyrean Capital Partners LP’s holdings in Liberty Media Corporation – Liberty Live Series A were worth $5,888,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. grew its position in Liberty Media Corporation – Liberty Live Series A by 1.7% during the 3rd quarter. Vanguard Group Inc. now owns 2,039,881 shares of the company’s stock worth $192,361,000 after acquiring an additional 33,550 shares during the last quarter. Bank of America Corp DE grew its position in Liberty Media Corporation – Liberty Live Series A by 21.7% during the 3rd quarter. Bank of America Corp DE now owns 493,211 shares of the company’s stock worth $46,510,000 after acquiring an additional 87,871 shares during the last quarter. SG Americas Securities LLC bought a new stake in Liberty Media Corporation – Liberty Live Series A during the 4th quarter worth $35,661,000. Amundi bought a new stake in Liberty Media Corporation – Liberty Live Series A during the 3rd quarter worth $33,923,000. Finally, JNE Partners LLP raised its position in Liberty Media Corporation – Liberty Live Series A by 53.3% during the 3rd quarter. JNE Partners LLP now owns 368,121 shares of the company’s stock worth $34,714,000 after purchasing an additional 128,000 shares during the last quarter. Institutional investors own 25.07% of the company’s stock.

Liberty Media Corporation – Liberty Live Series A Trading Down 2.5%

Shares of LLYVA opened at $95.57 on Thursday. The company has a market capitalization of $8.79 billion, a PE ratio of -27.00 and a beta of 0.95. Liberty Media Corporation – Liberty Live Series A has a 12 month low of $74.38 and a 12 month high of $99.82. The stock’s 50-day moving average price is $94.37 and its two-hundred day moving average price is $89.07.

Liberty Media Corporation – Liberty Live Series A (NASDAQ:LLYVA) last announced its earnings results on Thursday, May 7th. The company reported ($3.20) EPS for the quarter, missing the consensus estimate of ($0.13) by ($3.07). The business had revenue of $63.62 million during the quarter, compared to analysts’ expectations of $70.40 million. Equities research analysts predict that Liberty Media Corporation – Liberty Live Series A will post -3.3 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have commented on LLYVA. Zacks Research downgraded Liberty Media Corporation – Liberty Live Series A from a “hold” rating to a “strong sell” rating in a report on Monday, June 1st. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Liberty Media Corporation – Liberty Live Series A in a report on Friday, May 29th. Two investment analysts have rated the stock with a Sell rating, According to data from MarketBeat, the company has a consensus rating of “Sell”.

Liberty Media Corporation – Liberty Live Series A 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.