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

Liberty Media Corporation – Liberty Live Series A (NASDAQ:LLYVA) issued its earnings results on Thursday. The company reported ($3.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($3.07), Zacks reports. The business had revenue of $63.62 million during the quarter, compared to analysts’ expectations of $70.40 million.

Liberty Media Corporation – Liberty Live Series A Stock Down 1.9%

Shares of NASDAQ:LLYVA traded down $1.80 during midday trading on Friday, reaching $93.59. 100,769 shares of the company traded hands, compared to its average volume of 115,861. Liberty Media Corporation – Liberty Live Series A has a 12 month low of $70.66 and a 12 month high of $99.82. The firm has a market capitalization of $8.60 billion, a price-to-earnings ratio of -179.98 and a beta of 0.96. The firm’s fifty day moving average price is $93.34 and its two-hundred day moving average price is $86.65.

Hedge Funds Weigh In On Liberty Media Corporation – Liberty Live Series A

A number of institutional investors have recently added to or reduced their stakes in LLYVA. Amundi bought a new position in Liberty Media Corporation – Liberty Live Series A in the 3rd quarter worth about $33,923,000. Virtu Financial LLC increased its stake in Liberty Media Corporation – Liberty Live Series A by 133.7% in the 3rd quarter. Virtu Financial LLC now owns 356,459 shares of the company’s stock worth $33,614,000 after acquiring an additional 203,902 shares during the last quarter. Dimensional Fund Advisors LP bought a new position in Liberty Media Corporation – Liberty Live Series A in the 4th quarter worth about $13,083,000. State of Wisconsin Investment Board increased its stake in Liberty Media Corporation – Liberty Live Series A by 1,508.1% in the 4th quarter. State of Wisconsin Investment Board now owns 167,512 shares of the company’s stock worth $13,652,000 after acquiring an additional 157,095 shares during the last quarter. Finally, Bank of Nova Scotia bought a new position in Liberty Media Corporation – Liberty Live Series A in the 4th quarter worth about $11,269,000. 25.07% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

LLYVA has been the topic of a number of analyst reports. Zacks Research upgraded Liberty Media Corporation – Liberty Live Series A from a “strong sell” rating to a “hold” rating in a research note on Friday, May 1st. Weiss Ratings reiterated a “sell (d)” rating on shares of Liberty Media Corporation – Liberty Live Series A in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Reduce”.

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.