Liberty Media Corporation – Liberty Live Series A (NASDAQ:LLYVA) Reaches New 12-Month High – Here’s Why

Shares of Liberty Media Corporation – Liberty Live Series A (NASDAQ:LLYVA) reached a new 52-week high on Friday . The company traded as high as $99.92 and last traded at $99.9170, with a volume of 67067 shares trading hands. The stock had previously closed at $98.28.

Wall Street Analysts Forecast Growth

LLYVA has been the subject of several research analyst reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Liberty Media Corporation – Liberty Live Series A in a research report on Friday, May 29th. Zacks Research cut Liberty Media Corporation – Liberty Live Series A from a “hold” rating to a “strong sell” rating in a report on Monday, June 1st. Two research analysts have rated the stock with a Sell rating, According to MarketBeat.com, the stock has an average rating of “Sell”.

Liberty Media Corporation – Liberty Live Series A Stock Up 1.4%

The firm has a fifty day moving average of $94.33 and a 200-day moving average of $89.89. The firm has a market cap of $9.17 billion, a P/E ratio of -28.14 and a beta of 0.95.

Liberty Media Corporation – Liberty Live Series A (NASDAQ:LLYVA) last announced its quarterly earnings data on Thursday, May 7th. The company reported ($3.20) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($3.07). The company had revenue of $63.62 million during the quarter, compared to analysts’ expectations of $70.40 million. Sell-side analysts anticipate that Liberty Media Corporation – Liberty Live Series A will post -3.3 EPS for the current year.

Institutional Investors Weigh In On Liberty Media Corporation – Liberty Live Series A

Institutional investors and hedge funds have recently modified their holdings of the business. Quarry LP acquired a new position in Liberty Media Corporation – Liberty Live Series A in the fourth quarter valued at approximately $29,000. Fifth Third Bancorp boosted its stake in Liberty Media Corporation – Liberty Live Series A by 23,650.0% in the first quarter. Fifth Third Bancorp now owns 475 shares of the company’s stock valued at $44,000 after acquiring an additional 473 shares during the last quarter. US Bancorp DE grew its holdings in Liberty Media Corporation – Liberty Live Series A by 51.8% during the 3rd quarter. US Bancorp DE now owns 1,469 shares of the company’s stock worth $139,000 after acquiring an additional 501 shares during the period. Alliancebernstein L.P. grew its holdings in Liberty Media Corporation – Liberty Live Series A by 12.4% during the 3rd quarter. Alliancebernstein L.P. now owns 4,575 shares of the company’s stock worth $431,000 after acquiring an additional 504 shares during the period. Finally, Camelot Portfolios LLC bought a new stake in shares of Liberty Media Corporation – Liberty Live Series A during the 4th quarter valued at $42,000. 25.07% of the stock is owned by institutional investors.

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.