Liberty Media Corporation – Liberty Live Series A (NASDAQ:LLYVA) Issues Quarterly Earnings Results, Misses Expectations By $3.34 EPS

Liberty Media Corporation – Liberty Live Series A (NASDAQ:LLYVA) announced its earnings results on Thursday. The company reported ($2.92) earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($3.34), Zacks reports. The company had revenue of $147.06 million for the quarter, compared to analysts’ expectations of $93.63 million.

Liberty Media Corporation – Liberty Live Series A Stock Down 0.8%

Shares of NASDAQ LLYVA traded down $0.83 during trading hours on Friday, hitting $98.78. The company had a trading volume of 83,922 shares, compared to its average volume of 150,102. The stock has a market capitalization of $9.09 billion, a P/E ratio of -21.81 and a beta of 0.95. Liberty Media Corporation – Liberty Live Series A has a 1-year low of $74.38 and a 1-year high of $105.47. The firm’s 50 day moving average is $97.86 and its 200-day moving average is $93.66.

Institutional Trading of Liberty Media Corporation – Liberty Live Series A

Several institutional investors and hedge funds have recently added to or reduced their stakes in LLYVA. Amundi bought a new position in Liberty Media Corporation – Liberty Live Series A during the third quarter worth about $33,923,000. Virtu Financial LLC raised its stake in Liberty Media Corporation – Liberty Live Series A by 133.7% in the third quarter. Virtu Financial LLC now owns 356,459 shares of the company’s stock valued at $33,614,000 after buying an additional 203,902 shares during the period. Dimensional Fund Advisors LP bought a new stake in Liberty Media Corporation – Liberty Live Series A in the fourth quarter valued at approximately $13,083,000. State of Wisconsin Investment Board lifted its position in shares of Liberty Media Corporation – Liberty Live Series A by 1,508.1% in the fourth quarter. State of Wisconsin Investment Board now owns 167,512 shares of the company’s stock valued at $13,652,000 after buying an additional 157,095 shares during the last quarter. Finally, Bank of Nova Scotia acquired a new stake in shares of Liberty Media Corporation – Liberty Live Series A in the fourth quarter valued at approximately $11,269,000. 25.07% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently commented on LLYVA shares. Zacks Research upgraded Liberty Media Corporation – Liberty Live Series A from a “strong sell” rating to a “hold” rating in a report on Friday, July 10th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Liberty Media Corporation – Liberty Live Series A in a report on Friday, May 29th. One research 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.com, the company has a consensus rating of “Reduce”.

About Liberty Media Corporation – Liberty Live Series A

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.