Liberty Media Corporation – Liberty Live Series A (NASDAQ:LLYVA) Issues Quarterly Earnings Results, Misses Expectations By $3.07 EPS

Liberty Media Corporation – Liberty Live Series A (NASDAQ:LLYVA) announced its earnings results on Thursday. The company reported ($3.20) EPS for the quarter, missing the consensus estimate of ($0.13) by ($3.07), Zacks reports. The company had revenue of $63.62 million during the quarter, compared to analysts’ expectations of $70.40 million.

Liberty Media Corporation – Liberty Live Series A Stock Performance

Shares of NASDAQ LLYVA traded down $1.80 during trading on Friday, hitting $93.59. The company had a trading volume of 100,769 shares, compared to its average volume of 115,861. The company has a market cap of $8.60 billion, a P/E ratio of -179.98 and a beta of 0.96. Liberty Media Corporation – Liberty Live Series A has a 52 week low of $70.66 and a 52 week high of $99.82. The business’s 50-day moving average is $93.34 and its 200 day moving average is $86.65.

Institutional Trading of Liberty Media Corporation – Liberty Live Series A

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

Analysts Set New Price Targets

Several equities research analysts recently commented on LLYVA shares. Weiss Ratings reissued a “sell (d)” rating on shares of Liberty Media Corporation – Liberty Live Series A in a report on Thursday, January 22nd. Zacks Research raised Liberty Media Corporation – Liberty Live Series A from a “strong sell” rating to a “hold” rating in a report on Friday, May 1st. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus 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.