Liberty Media Corporation – Liberty Live Series A (LLYVA) to Release Quarterly Earnings on Thursday

Liberty Media Corporation – Liberty Live Series A (NASDAQ:LLYVA) is expected to be posting its results before the market opens on Thursday, February 26th. Analysts expect Liberty Media Corporation – Liberty Live Series A to post earnings of ($1.24) per share and revenue of $43.00 million for the quarter.

Liberty Media Corporation – Liberty Live Series A Stock Performance

Shares of NASDAQ LLYVA opened at $92.41 on Wednesday. The stock’s 50-day simple moving average is $83.75 and its 200-day simple moving average is $86.20. The firm has a market capitalization of $8.49 billion, a PE ratio of -23.94 and a beta of 1.37. Liberty Media Corporation – Liberty Live Series A has a fifty-two week low of $59.45 and a fifty-two week high of $99.63.

Insiders Place Their Bets

In related news, Director Chase Carey sold 83,536 shares of the business’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 transaction, the director owned 94,356 shares in the company, valued at $9,147,814.20. The trade was a 46.96% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, major shareholder Berkshire Hathaway Inc sold 66,568 shares of the stock in a transaction that occurred on Monday, January 12th. The stock was sold at an average price of $83.27, for a total value of $5,543,117.36. Following the sale, the insider directly owned 10,703,007 shares of the company’s stock, valued at $891,239,392.89. The trade was a 0.62% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 497,554 shares of company stock worth $43,484,018.

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

Hedge funds have recently added to or reduced their stakes in the company. Quarry LP acquired a new position in Liberty Media Corporation – Liberty Live Series A during the fourth quarter worth $29,000. Arax Advisory Partners acquired a new position in shares of Liberty Media Corporation – Liberty Live Series A during the 4th quarter worth $42,000. Tower Research Capital LLC TRC boosted its position in shares of 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 worth $116,000 after buying an additional 1,214 shares in the last quarter. US Bancorp DE grew its stake in Liberty Media Corporation – Liberty Live Series A by 51.8% in the 3rd quarter. US Bancorp DE now owns 1,469 shares of the company’s stock valued at $139,000 after acquiring an additional 501 shares during the last quarter. Finally, State of Wyoming purchased a new position in Liberty Media Corporation – Liberty Live Series A during the 4th quarter valued at about $165,000. Institutional investors and hedge funds own 25.07% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Liberty Media Corporation – Liberty Live Series A in a report on Thursday, January 22nd. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Reduce”.

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.