SG Americas Securities LLC Trims Stake in Liberty Media Corporation – Liberty Live Series A $LLYVA

SG Americas Securities LLC reduced its position in Liberty Media Corporation – Liberty Live Series A (NASDAQ:LLYVA) by 11.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 386,788 shares of the company’s stock after selling 50,765 shares during the quarter. SG Americas Securities LLC owned 0.42% of Liberty Media Corporation – Liberty Live Series A worth $35,445,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Quarry LP bought a new position in shares of Liberty Media Corporation – Liberty Live Series A during the fourth quarter valued at approximately $29,000. Camelot Portfolios LLC purchased a new position in Liberty Media Corporation – Liberty Live Series A during the 4th quarter valued at $42,000. Arax Advisory Partners bought a new position in Liberty Media Corporation – Liberty Live Series A in the 4th quarter valued at $42,000. Tower Research Capital LLC TRC increased its stake in Liberty Media Corporation – Liberty Live Series A by 495.5% in the second quarter. Tower Research Capital LLC TRC now owns 1,459 shares of the company’s stock worth $116,000 after purchasing an additional 1,214 shares during the period. Finally, US Bancorp DE lifted its position in shares of Liberty Media Corporation – Liberty Live Series A by 51.8% during the third quarter. US Bancorp DE now owns 1,469 shares of the company’s stock worth $139,000 after purchasing an additional 501 shares during the last quarter. Institutional investors own 25.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on LLYVA shares. Zacks Research lowered shares of Liberty Media Corporation – Liberty Live Series A from a “hold” rating to a “strong sell” rating in a research note on Monday, June 1st. Weiss Ratings reiterated 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, Based on data from MarketBeat.com, Liberty Media Corporation – Liberty Live Series A presently has a consensus rating of “Sell”.

Liberty Media Corporation – Liberty Live Series A Stock Up 0.4%

NASDAQ:LLYVA opened at $94.73 on Wednesday. Liberty Media Corporation – Liberty Live Series A has a 52 week low of $74.38 and a 52 week high of $99.82. The firm has a 50 day moving average of $94.21 and a 200 day moving average of $89.58. The stock has a market capitalization of $8.72 billion, a price-to-earnings ratio of -26.76 and a beta of 0.95.

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

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.