Liberty Media Corporation – Liberty Live Series A (NASDAQ:LLYVA) Reaches New 12-Month High – What’s Next?

Liberty Media Corporation – Liberty Live Series A (NASDAQ:LLYVA) shares reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $99.92 and last traded at $99.9170, with a volume of 67067 shares traded. The stock had previously closed at $98.28.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on LLYVA shares. Zacks Research cut Liberty Media Corporation – Liberty Live Series A from a “hold” rating to a “strong sell” rating in a research report on Monday, June 1st. Weiss Ratings reiterated a “sell (d-)” rating on shares of Liberty Media Corporation – Liberty Live Series A in a research note on Friday, May 29th. Two research analysts have rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average rating of “Sell”.

Liberty Media Corporation – Liberty Live Series A Stock Performance

The company has a market cap of $9.25 billion, a price-to-earnings ratio of -28.41 and a beta of 0.95. The business has a fifty day moving average price of $94.18 and a 200 day moving average price of $89.82.

Liberty Media Corporation – Liberty Live Series A (NASDAQ:LLYVA) last released its earnings results on Thursday, May 7th. The company reported ($3.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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. As a group, equities analysts anticipate that Liberty Media Corporation – Liberty Live Series A will post -3.3 EPS for the current year.

Institutional Investors Weigh In On Liberty Media Corporation – Liberty Live Series A

Several hedge funds and other institutional investors have recently made changes to their positions in LLYVA. Vanguard Group Inc. lifted its stake in Liberty Media Corporation – Liberty Live Series A by 1.7% in the 3rd quarter. Vanguard Group Inc. now owns 2,039,881 shares of the company’s stock valued at $192,361,000 after purchasing an additional 33,550 shares during the last quarter. ValueAct Holdings L.P. grew its stake in shares of Liberty Media Corporation – Liberty Live Series A by 4.6% during the fourth quarter. ValueAct Holdings L.P. now owns 1,799,319 shares of the company’s stock worth $146,644,000 after buying an additional 79,771 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of Liberty Media Corporation – Liberty Live Series A by 10.3% during the first quarter. Bank of America Corp DE now owns 1,785,654 shares of the company’s stock worth $163,637,000 after buying an additional 167,098 shares in the last quarter. Amundi lifted its stake in shares of Liberty Media Corporation – Liberty Live Series A by 592.0% in the 1st quarter. Amundi now owns 1,309,994 shares of the company’s stock valued at $120,048,000 after acquiring an additional 1,120,684 shares during the last quarter. Finally, SG Americas Securities LLC bought a new position in shares of Liberty Media Corporation – Liberty Live Series A in the 4th quarter valued at $35,661,000. 25.07% of the stock is owned by institutional investors.

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.