UBS Group AG Sells 66,278 Shares of Liberty Media Corporation – Liberty Live Series A $LLYVA

UBS Group AG lessened its position in shares of Liberty Media Corporation – Liberty Live Series A (NASDAQ:LLYVA) by 58.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 46,586 shares of the company’s stock after selling 66,278 shares during the period. UBS Group AG’s holdings in Liberty Media Corporation – Liberty Live Series A were worth $3,797,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. raised its stake in Liberty Media Corporation – Liberty Live Series A by 1.7% during the third quarter. Vanguard Group Inc. now owns 2,039,881 shares of the company’s stock worth $192,361,000 after buying an additional 33,550 shares during the last quarter. Bank of America Corp DE raised its stake in Liberty Media Corporation – Liberty Live Series A by 21.7% during the third quarter. Bank of America Corp DE now owns 493,211 shares of the company’s stock worth $46,510,000 after buying an additional 87,871 shares during the last quarter. SG Americas Securities LLC bought a new position in Liberty Media Corporation – Liberty Live Series A during the fourth quarter worth $35,661,000. Amundi bought a new position in Liberty Media Corporation – Liberty Live Series A during the third quarter worth $33,923,000. Finally, Principal Financial Group Inc. increased its stake in Liberty Media Corporation – Liberty Live Series A by 933.4% in the third quarter. Principal Financial Group Inc. now owns 384,482 shares of the company’s stock valued at $36,257,000 after purchasing an additional 347,275 shares in the last quarter. Institutional investors own 25.07% of the company’s stock.

Liberty Media Corporation – Liberty Live Series A Trading Down 0.2%

LLYVA opened at $95.93 on Friday. Liberty Media Corporation – Liberty Live Series A has a 1-year low of $70.66 and a 1-year high of $99.82. The company has a market cap of $8.83 billion, a P/E ratio of -27.10 and a beta of 0.96. The company has a fifty day moving average price of $93.22 and a two-hundred day moving average price of $87.15.

Liberty Media Corporation – Liberty Live Series A (NASDAQ:LLYVA) last posted its quarterly earnings results on Thursday, May 7th. The company reported ($3.20) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($3.07). The business had revenue of $63.62 million for the quarter, compared to analysts’ expectations of $70.40 million. On average, research analysts forecast that Liberty Media Corporation – Liberty Live Series A will post -3.3 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Zacks Research raised shares of Liberty Media Corporation – Liberty Live Series A from a “strong sell” rating to a “hold” rating in a research note on Friday, May 1st. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently 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.