Liberty Media Corporation – Liberty Live Series A (NASDAQ:LLYVA) Sees Large Volume Increase – Still a Buy?

Shares of Liberty Media Corporation – Liberty Live Series A (NASDAQ:LLYVA) saw unusually-strong trading volume on Monday . Approximately 241,292 shares changed hands during mid-day trading, an increase of 13% from the previous session’s volume of 214,022 shares.The stock last traded at $85.1950 and had previously closed at $80.12.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Liberty Media Corporation – Liberty Live Series A in a research report on Thursday. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Reduce”.

Liberty Media Corporation – Liberty Live Series A Trading Up 0.0%

The stock has a market cap of $7.72 billion, a price-to-earnings ratio of -21.76 and a beta of 1.37. The firm has a fifty day simple moving average of $80.32 and a 200-day simple moving average of $85.45.

Insider Activity at Liberty Media Corporation – Liberty Live Series A

In related news, Director Chase Carey sold 83,536 shares of the company’s stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $96.95, for a total value of $8,098,815.20. Following the completion of the sale, the director owned 94,356 shares in the company, valued at approximately $9,147,814.20. This represents a 46.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. AQR Capital Management LLC boosted its position in Liberty Media Corporation – Liberty Live Series A by 14.9% during the first quarter. AQR Capital Management LLC now owns 9,907 shares of the company’s stock valued at $666,000 after purchasing an additional 1,285 shares during the last quarter. Integrated Wealth Concepts LLC bought a new stake in shares of Liberty Media Corporation – Liberty Live Series A during the 1st quarter worth approximately $282,000. Goldman Sachs Group Inc. boosted its holdings in shares of Liberty Media Corporation – Liberty Live Series A by 16.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 41,392 shares of the company’s stock valued at $2,783,000 after buying an additional 5,945 shares during the last quarter. MBL Wealth LLC bought a new position in shares of Liberty Media Corporation – Liberty Live Series A in the second quarter valued at $207,000. Finally, CWM LLC raised its position in Liberty Media Corporation – Liberty Live Series A by 35.0% during the second quarter. CWM LLC now owns 1,251 shares of the company’s stock worth $99,000 after acquiring an additional 324 shares in the last quarter. Institutional investors 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.