Liberty Media Corporation – Liberty Live Series A (NASDAQ:LLYVA) Issues Earnings Results

Liberty Media Corporation – Liberty Live Series A (NASDAQ:LLYVA) posted its quarterly earnings data on Thursday. The company reported ($2.92) earnings per share for the quarter, missing the consensus estimate of $0.42 by ($3.34), Zacks reports. The firm had revenue of $147.06 million during the quarter, compared to analyst estimates of $93.63 million.

Liberty Media Corporation – Liberty Live Series A Price Performance

Shares of LLYVA stock traded down $0.83 during midday trading on Friday, hitting $98.78. The company had a trading volume of 83,922 shares, compared to its average volume of 150,102. The stock has a market cap of $9.09 billion, a price-to-earnings ratio of -21.81 and a beta of 0.95. The company’s 50 day simple moving average is $97.86 and its 200 day simple moving average is $93.66. Liberty Media Corporation – Liberty Live Series A has a 52-week low of $74.38 and a 52-week high of $105.47.

Analyst Ratings Changes

A number of equities analysts have recently commented on LLYVA shares. Zacks Research raised shares of Liberty Media Corporation – Liberty Live Series A from a “strong sell” rating to a “hold” rating in a report on Friday, July 10th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Liberty Media Corporation – Liberty Live Series A in a research note on Friday, May 29th. One equities 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, Liberty Media Corporation – Liberty Live Series A has a consensus rating of “Reduce”.

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

Several hedge funds have recently modified their holdings of the stock. Mercer Global Advisors Inc. ADV grew its position in Liberty Media Corporation – Liberty Live Series A by 66.4% in the 4th 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 during the last quarter. KKM Financial LLC purchased a new position in Liberty Media Corporation – Liberty Live Series A during the 4th quarter worth $1,178,000. ValueAct Holdings L.P. raised its position 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 worth $146,644,000 after buying an additional 79,771 shares during the last quarter. Toronto Dominion Bank acquired a new stake in shares of Liberty Media Corporation – Liberty Live Series A in the 4th quarter worth $1,630,000. Finally, Tudor Investment Corp ET AL lifted its stake in shares of 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 acquiring an additional 12,661 shares during the period. 25.07% of the stock is owned by institutional investors and hedge funds.

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.