Liberty Media Corporation – Liberty Live Series A (NASDAQ:LLYVA) Shares Gap Down – What’s Next?

Liberty Media Corporation – Liberty Live Series A (NASDAQ:LLYVA) gapped down prior to trading on Monday . The stock had previously closed at $102.10, but opened at $94.79. Liberty Media Corporation – Liberty Live Series A shares last traded at $97.5290, with a volume of 2,012 shares traded.

Analyst Upgrades and Downgrades

LLYVA has been the topic of a number of analyst reports. Zacks Research raised shares of Liberty Media Corporation – Liberty Live Series A from a “strong sell” rating to a “hold” rating in a research note on Friday, July 10th. Weiss Ratings reissued a “sell (d-)” rating on shares of Liberty Media Corporation – Liberty Live Series A in a research note on Friday, May 29th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Reduce”.

Liberty Media Corporation – Liberty Live Series A Price Performance

The firm has a market capitalization of $9.11 billion, a price-to-earnings ratio of -27.98 and a beta of 0.95. The business’s fifty day simple moving average is $97.49 and its 200 day simple moving average is $93.14.

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

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

Several hedge funds and other institutional investors have recently modified their holdings of LLYVA. Quarry LP acquired a new position in shares of Liberty Media Corporation – Liberty Live Series A during the fourth quarter worth approximately $29,000. Camelot Portfolios LLC acquired a new position in Liberty Media Corporation – Liberty Live Series A during the fourth quarter worth $42,000. Arax Advisory Partners bought a new position in shares of Liberty Media Corporation – Liberty Live Series A in the fourth quarter valued at $42,000. Fifth Third Bancorp grew its holdings in shares of Liberty Media Corporation – Liberty Live Series A by 23,650.0% during the first quarter. Fifth Third Bancorp now owns 475 shares of the company’s stock valued at $44,000 after buying an additional 473 shares during the last quarter. Finally, Tower Research Capital LLC TRC increased its position in shares of Liberty Media Corporation – Liberty Live Series A by 495.5% during the second quarter. Tower Research Capital LLC TRC now owns 1,459 shares of the company’s stock worth $116,000 after acquiring an additional 1,214 shares in the last quarter. Institutional investors own 25.07% of the company’s stock.

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.