Empyrean Capital Partners LP Has $5.89 Million Position in Liberty Media Corporation – Liberty Live Series A $LLYVA

Empyrean Capital Partners LP lowered its stake in shares of Liberty Media Corporation – Liberty Live Series A (NASDAQ:LLYVA) by 23.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 72,250 shares of the company’s stock after selling 22,313 shares during the quarter. Empyrean Capital Partners LP owned about 0.08% of Liberty Media Corporation – Liberty Live Series A worth $5,888,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. First Manhattan CO. LLC. boosted its holdings in shares of Liberty Media Corporation – Liberty Live Series A by 13.0% in the 4th quarter. First Manhattan CO. LLC. now owns 8,828 shares of the company’s stock valued at $719,000 after purchasing an additional 1,019 shares in the last quarter. AQR Capital Management LLC boosted its holdings in shares of Liberty Media Corporation – Liberty Live Series A by 16.4% in the 4th quarter. AQR Capital Management LLC now owns 15,215 shares of the company’s stock valued at $1,240,000 after purchasing an additional 2,145 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Liberty Media Corporation – Liberty Live Series A by 4.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 16,221 shares of the company’s stock valued at $1,323,000 after purchasing an additional 630 shares in the last quarter. State of Wisconsin Investment Board boosted its holdings in shares of Liberty Media Corporation – Liberty Live Series A by 1,508.1% in the 4th quarter. State of Wisconsin Investment Board now owns 167,512 shares of the company’s stock valued at $13,652,000 after purchasing an additional 157,095 shares in the last quarter. Finally, Yakira Capital Management Inc. acquired a new stake in shares of Liberty Media Corporation – Liberty Live Series A in the 4th quarter valued at $2,732,000. Institutional investors and hedge funds own 25.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on LLYVA shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Liberty Media Corporation – Liberty Live Series A in a 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 analysts have rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Liberty Media Corporation – Liberty Live Series A Stock Performance

Shares of LLYVA stock opened at $95.57 on Thursday. The stock’s fifty day moving average price is $94.37 and its two-hundred day moving average price is $89.07. The company has a market cap of $8.79 billion, a PE ratio of -27.00 and a beta of 0.95. Liberty Media Corporation – Liberty Live Series A has a fifty-two week low of $74.38 and a fifty-two week high of $99.82.

Liberty Media Corporation – Liberty Live Series A (NASDAQ:LLYVA) last released its quarterly earnings data on Thursday, May 7th. The company reported ($3.20) earnings per share 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 the consensus estimate of $70.40 million. On average, equities analysts predict that Liberty Media Corporation – Liberty Live Series A will post -3.3 EPS for the current fiscal year.

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.