Liberty Media Corporation – Liberty Live Series A (NASDAQ:LLYVA) Sees Strong Trading Volume – Here’s What Happened

Liberty Media Corporation – Liberty Live Series A (NASDAQ:LLYVA) saw an uptick in trading volume on Tuesday . 992,212 shares changed hands during mid-day trading, an increase of 587% from the previous session’s volume of 144,450 shares.The stock last traded at $82.3810 and had previously closed at $82.48.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on LLYVA. Weiss Ratings restated a “sell (d)” rating on shares of Liberty Media Corporation – Liberty Live Series A in a report on Wednesday, October 8th. Zacks Research raised Liberty Media Corporation – Liberty Live Series A to a “hold” rating in a research report on Tuesday, September 9th. 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”.

Liberty Media Corporation – Liberty Live Series A Stock Down 1.3%

The company has a market capitalization of $7.51 billion, a PE ratio of -21.16 and a beta of 1.37. The business has a 50 day simple moving average of $81.14 and a 200 day simple moving average of $85.13.

Insider Buying and Selling at Liberty Media Corporation – Liberty Live Series A

In other news, Director Chase Carey sold 83,536 shares of the firm’s stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $96.95, for a total value of $8,098,815.20. Following the completion of the transaction, the director directly owned 94,356 shares in the company, valued at $9,147,814.20. This trade represents a 46.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Institutional Trading of Liberty Media Corporation – Liberty Live Series A

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Goldman Sachs Group Inc. boosted its position in shares of Liberty Media Corporation – Liberty Live Series A by 16.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 41,392 shares of the company’s stock valued at $2,783,000 after acquiring an additional 5,945 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Liberty Media Corporation – Liberty Live Series A by 56.1% during the second quarter. JPMorgan Chase & Co. now owns 386,705 shares of the company’s stock worth $30,735,000 after purchasing an additional 139,055 shares during the period. Highbridge Capital Management LLC boosted its holdings in Liberty Media Corporation – Liberty Live Series A by 13.4% in the 2nd quarter. Highbridge Capital Management LLC now owns 179,577 shares of the company’s stock valued at $14,273,000 after purchasing an additional 21,220 shares during the last quarter. Greenland Capital Management LP grew its stake in shares of Liberty Media Corporation – Liberty Live Series A by 6.0% in the 2nd quarter. Greenland Capital Management LP now owns 30,876 shares of the company’s stock valued at $2,454,000 after buying an additional 1,748 shares during the period. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Liberty Media Corporation – Liberty Live Series A during the 2nd quarter worth approximately $1,057,000. 25.07% of the stock is currently owned by hedge funds and other 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.