Liberty Media Corporation – Liberty Live Series A (NASDAQ:LLYVA) Downgraded to “Strong Sell” Rating by Zacks Research

Zacks Research cut shares of Liberty Media Corporation – Liberty Live Series A (NASDAQ:LLYVA) from a hold rating to a strong sell rating in a report released on Wednesday,Zacks.com reports.

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Liberty Media Corporation – Liberty Live Series A in a report on Friday, May 29th. Two equities research analysts have rated the stock with a Sell rating, According to MarketBeat.com, the company presently has an average rating of “Sell”.

Liberty Media Corporation – Liberty Live Series A Price Performance

Liberty Media Corporation – Liberty Live Series A stock opened at $104.18 on Wednesday. The stock has a market capitalization of $9.58 billion, a PE ratio of -23.00 and a beta of 0.95. The business has a 50 day simple moving average of $98.56 and a 200-day simple moving average of $94.32. Liberty Media Corporation – Liberty Live Series A has a 12 month low of $74.38 and a 12 month high of $105.47.

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

Hedge Funds Weigh In On Liberty Media Corporation – Liberty Live Series A

Hedge funds have recently made changes to their positions in the company. Quarry LP purchased a new position in shares of Liberty Media Corporation – Liberty Live Series A in the fourth quarter valued at approximately $29,000. Camelot Portfolios LLC acquired a new stake in shares of Liberty Media Corporation – Liberty Live Series A in the fourth quarter worth approximately $42,000. Arax Advisory Partners purchased a new stake in shares of Liberty Media Corporation – Liberty Live Series A during the fourth quarter worth approximately $42,000. Fifth Third Bancorp increased its position 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 worth $44,000 after purchasing an additional 473 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its stake in Liberty Media Corporation – Liberty Live Series A by 495.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,459 shares of the company’s stock valued at $116,000 after purchasing an additional 1,214 shares during the last quarter. Institutional investors and hedge funds own 25.07% of the company’s stock.

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.