Liberty Media Corporation – Liberty Live Series A (NASDAQ:LLYVA) Rating Lowered to Strong Sell at Zacks Research

Liberty Media Corporation – Liberty Live Series A (NASDAQ:LLYVA) was downgraded by investment analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued on Monday,Zacks.com reports.

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

Liberty Media Corporation – Liberty Live Series A Stock Performance

Shares of NASDAQ:LLYVA opened at $95.26 on Monday. The firm has a market cap of $8.76 billion, a price-to-earnings ratio of -26.91 and a beta of 0.95. The firm has a fifty day moving average price of $93.69 and a 200 day moving average price of $87.68. Liberty Media Corporation – Liberty Live Series A has a fifty-two week low of $71.25 and a fifty-two week high of $99.82.

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

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in LLYVA. Amundi grew its position 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 worth $120,048,000 after acquiring an additional 1,120,684 shares in the last quarter. SG Americas Securities LLC bought a new stake in Liberty Media Corporation – Liberty Live Series A during the fourth quarter worth approximately $35,661,000. Principal Financial Group Inc. raised its position in Liberty Media Corporation – Liberty Live Series A by 933.4% during the third quarter. Principal Financial Group Inc. now owns 384,482 shares of the company’s stock valued at $36,257,000 after purchasing an additional 347,275 shares during the period. Virtu Financial LLC raised its position in Liberty Media Corporation – Liberty Live Series A by 133.7% during the third quarter. Virtu Financial LLC now owns 356,459 shares of the company’s stock valued at $33,614,000 after purchasing an additional 203,902 shares during the period. Finally, Bank of America Corp DE lifted its stake in shares of Liberty Media Corporation – Liberty Live Series A by 10.3% in the 1st quarter. Bank of America Corp DE now owns 1,785,654 shares of the company’s stock valued at $163,637,000 after purchasing an additional 167,098 shares during 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.