Liberty Media Corporation – Liberty Live Series A (NASDAQ:LLYVA) Sets New 1-Year High – Here’s What Happened

Liberty Media Corporation – Liberty Live Series A (NASDAQ:LLYVA) shares reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $99.92 and last traded at $99.9170, with a volume of 67067 shares traded. The stock had previously closed at $98.28.

Analyst Ratings Changes

A number of analysts have recently issued reports on LLYVA shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Liberty Media Corporation – Liberty Live Series A in a research report on Friday, May 29th. Zacks Research downgraded Liberty Media Corporation – Liberty Live Series A from a “hold” rating to a “strong sell” rating in a report on Monday, June 1st. Two equities research analysts have rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has a consensus rating of “Sell”.

Liberty Media Corporation – Liberty Live Series A Price Performance

The company has a market cap of $9.25 billion, a price-to-earnings ratio of -28.41 and a beta of 0.95. The firm has a 50-day moving average price of $94.18 and a 200 day moving average price of $89.82.

Liberty Media Corporation – Liberty Live Series A (NASDAQ:LLYVA) last released its quarterly earnings results on Thursday, May 7th. The company reported ($3.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($3.07). The company had revenue of $63.62 million during the quarter, compared to analyst estimates of $70.40 million. On average, equities analysts anticipate that Liberty Media Corporation – Liberty Live Series A will post -3.3 EPS for the current fiscal year.

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

Hedge funds have recently bought and sold shares of the business. AQR Capital Management LLC boosted its holdings in Liberty Media Corporation – Liberty Live Series A by 14.9% in the 1st 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 period. Integrated Wealth Concepts LLC acquired a new stake in shares of Liberty Media Corporation – Liberty Live Series A in the first quarter valued at approximately $282,000. Goldman Sachs Group Inc. boosted its stake in shares of Liberty Media Corporation – Liberty Live Series A by 16.8% in the first 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 period. Quantbot Technologies LP boosted its stake in shares of Liberty Media Corporation – Liberty Live Series A by 72.3% in the second quarter. Quantbot Technologies LP now owns 4,874 shares of the company’s stock valued at $387,000 after buying an additional 2,045 shares during the period. Finally, Invesco Ltd. grew its position in Liberty Media Corporation – Liberty Live Series A by 23.0% during the second quarter. Invesco Ltd. now owns 27,675 shares of the company’s stock worth $2,200,000 after buying an additional 5,171 shares in the last quarter. 25.07% of the stock is owned by institutional investors.

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.