Liberty Media Corporation – Liberty Live Series A (NASDAQ:LLYVA) Hits New 1-Year High – Should You Buy?

Liberty Media Corporation – Liberty Live Series A (NASDAQ:LLYVA) shares reached a new 52-week high during trading on Wednesday. The stock traded as high as $106.19 and last traded at $105.8270, with a volume of 39,072 shares. The stock had previously closed at $102.31.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Zacks Research raised Liberty Media Corporation – Liberty Live Series A from a “strong sell” rating to a “hold” rating in a research report on Friday, October 9th. Weiss Ratings reissued a “sell (d-)” rating on shares of Liberty Media Corporation – Liberty Live Series A in a research report on Wednesday, August 26th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Reduce”.

Liberty Media Corporation – Liberty Live Series A Stock Performance

The firm has a market capitalization of $9.72 billion, a PE ratio of -23.35 and a beta of 0.95. The company’s 50-day moving average price is $96.55 and its 200-day moving average price is $94.73.

Liberty Media Corporation – Liberty Live Series A (NASDAQ:LLYVA) last issued its earnings results on Thursday, August 6th. The company reported ($2.92) EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($3.34). The company had revenue of $147.06 million for the quarter, compared to analysts’ expectations of $93.63 million. As a group, analysts anticipate that Liberty Media Corporation – Liberty Live Series A will post -7.69 earnings per share for the current year.

Insider Activity

In other news, major shareholder John Malone sold 29,593 shares of the company’s stock in a transaction dated Thursday, September 24th. The stock was sold at an average price of $98.16, for a total transaction of $2,904,848.88. Following the completion of the transaction, the insider directly owned 3,186,342 shares of the company’s stock, valued at approximately $312,771,330.72. This represents a 0.92% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.01% of the company’s stock.

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

Institutional investors have recently added to or reduced their stakes in the business. Amundi boosted its stake in Liberty Media Corporation – Liberty Live Series A by 592.0% in the first quarter. Amundi now owns 1,309,994 shares of the company’s stock valued at $120,048,000 after acquiring an additional 1,120,684 shares in the last quarter. Bank of America Corp DE increased its position in shares of Liberty Media Corporation – Liberty Live Series A by 10.3% during the first quarter. Bank of America Corp DE now owns 1,785,654 shares of the company’s stock worth $163,637,000 after purchasing an additional 167,098 shares in the last quarter. Hound Partners LLC acquired a new stake in shares of Liberty Media Corporation – Liberty Live Series A during the first quarter worth about $10,268,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Liberty Media Corporation – Liberty Live Series A in the 1st quarter valued at about $5,608,000. Finally, Royal Bank of Canada lifted its holdings in shares of Liberty Media Corporation – Liberty Live Series A by 2,605.3% in the 1st quarter. Royal Bank of Canada now owns 31,327 shares of the company’s stock valued at $2,870,000 after purchasing an additional 30,169 shares during the last quarter. Hedge funds and other institutional investors own 25.07% of the company’s stock.

About Liberty Media Corporation – Liberty Live Series A

Liberty Media Corporation’s Liberty Live Group is represented by Liberty Live Series A, a tracking stock traded under the symbol LLYVA. The tracking stock is intended to reflect the performance of the Liberty Live Group, rather than the performance of Liberty Media’s other separately tracked businesses.

The Liberty Live Group’s principal assets are its interests in Live Nation Entertainment, a global provider of live entertainment, concert promotion, venue operations and ticketing services.