Liberty Media Corporation – Liberty Live Series A (NASDAQ:LLYVA) Announces Quarterly Earnings Results, Beats Expectations By $2.54 EPS

Liberty Media Corporation – Liberty Live Series A (NASDAQ:LLYVA) announced its quarterly earnings results on Thursday. The company reported $3.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $2.54, Zacks reports. The company had revenue of $103.08 million for the quarter, compared to the consensus estimate of $75.00 million.

Liberty Media Corporation – Liberty Live Series A Price Performance

Shares of Liberty Media Corporation – Liberty Live Series A stock traded down $1.71 during trading hours on Friday, hitting $102.14. 188,204 shares of the company’s stock traded hands, compared to its average volume of 202,192. The stock has a market capitalization of $9.40 billion, a price-to-earnings ratio of -22.55 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 $108.60. The company has a fifty day simple moving average of $96.64 and a 200-day simple moving average of $94.96.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Liberty Media Corporation – Liberty Live Series A in a report on Wednesday, August 26th. 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, October 9th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce”.

Insider Buying and Selling at Liberty Media Corporation – Liberty Live Series A

In related news, major shareholder John Malone sold 29,593 shares of the 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 transaction, the insider owned 3,186,342 shares in the company, valued at approximately $312,771,330.72. This represents a 0.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.01% of the company’s stock.

About Liberty Media Corporation – Liberty Live Series A

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.