Liberty Media Corporation – Liberty Live Series A (NASDAQ:LLYVA) Issues Quarterly Earnings Results, Beats Expectations By $1,000.24 EPS

Liberty Media Corporation – Liberty Live Series A (NASDAQ:LLYVA) released its earnings results on Thursday. The company reported $999.00 EPS for the quarter, topping analysts’ consensus estimates of ($1.24) by $1,000.24, Zacks reports.

Liberty Media Corporation – Liberty Live Series A Price Performance

LLYVA traded up $1.99 during trading on Thursday, reaching $94.71. 179,230 shares of the company’s stock were exchanged, compared to its average volume of 218,342. Liberty Media Corporation – Liberty Live Series A has a 1 year low of $59.45 and a 1 year high of $99.63. The stock has a market capitalization of $8.70 billion, a P/E ratio of -24.54 and a beta of 1.37. The company’s fifty day simple moving average is $83.97 and its 200-day simple moving average is $86.25.

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

In other news, Director Chase Carey sold 83,536 shares of the stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $96.95, for a total value of $8,098,815.20. Following the sale, the director owned 94,356 shares in the company, valued at $9,147,814.20. This represents a 46.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Berkshire Hathaway Inc sold 7,685 shares of the business’s stock in a transaction on Friday, January 16th. The shares were sold at an average price of $83.72, for a total transaction of $643,388.20. Following the transaction, the insider owned 10,587,143 shares of the company’s stock, valued at $886,355,611.96. This represents a 0.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 497,554 shares of company stock worth $43,484,018 over the last ninety days.

Institutional Trading of Liberty Media Corporation – Liberty Live Series A

Several hedge funds and other institutional investors have recently added to or reduced their stakes in LLYVA. Mercer Global Advisors Inc. ADV increased its holdings in Liberty Media Corporation – Liberty Live Series A by 66.4% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 4,224 shares of the company’s stock valued at $344,000 after buying an additional 1,685 shares in the last quarter. KKM Financial LLC acquired a new stake in shares of Liberty Media Corporation – Liberty Live Series A during the 4th quarter valued at about $1,178,000. ValueAct Holdings L.P. increased its stake in shares of Liberty Media Corporation – Liberty Live Series A by 4.6% in the 4th quarter. ValueAct Holdings L.P. now owns 1,799,319 shares of the company’s stock valued at $146,644,000 after purchasing an additional 79,771 shares in the last quarter. Toronto Dominion Bank purchased a new position in shares of Liberty Media Corporation – Liberty Live Series A in the 4th quarter valued at about $1,630,000. Finally, Tudor Investment Corp ET AL raised its holdings in Liberty Media Corporation – Liberty Live Series A by 126.6% in the 4th quarter. Tudor Investment Corp ET AL now owns 22,658 shares of the company’s stock worth $1,847,000 after purchasing an additional 12,661 shares during the period. Institutional investors and hedge funds own 25.07% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Liberty Media Corporation – Liberty Live Series A in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Liberty Media Corporation – Liberty Live Series A has an average rating of “Reduce”.

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.