Liberty Media Corporation – Liberty Live Series A (NASDAQ:LLYVA) Posts Earnings Results, Misses Estimates By $3.34 EPS

Liberty Media Corporation – Liberty Live Series A (NASDAQ:LLYVA) posted its quarterly earnings data on Thursday. The company reported ($2.92) EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($3.34), Zacks reports. The company had revenue of $147.06 million during the quarter, compared to analysts’ expectations of $93.63 million.

Liberty Media Corporation – Liberty Live Series A Trading Down 0.8%

Shares of LLYVA traded down $0.83 during midday trading on Friday, reaching $98.78. 83,922 shares of the company were exchanged, compared to its average volume of 150,102. Liberty Media Corporation – Liberty Live Series A has a 1-year low of $74.38 and a 1-year high of $105.47. The stock has a 50-day moving average price of $97.86 and a 200-day moving average price of $93.66. The company has a market cap of $9.09 billion, a price-to-earnings ratio of -21.81 and a beta of 0.95.

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

Several hedge funds have recently modified their holdings of LLYVA. Quarry LP bought a new stake in Liberty Media Corporation – Liberty Live Series A during the 4th quarter worth approximately $29,000. US Bancorp DE lifted its stake in Liberty Media Corporation – Liberty Live Series A by 51.8% in the third quarter. US Bancorp DE now owns 1,469 shares of the company’s stock valued at $139,000 after buying an additional 501 shares in the last quarter. Alliancebernstein L.P. lifted its stake in Liberty Media Corporation – Liberty Live Series A by 12.4% in the third quarter. Alliancebernstein L.P. now owns 4,575 shares of the company’s stock valued at $431,000 after buying an additional 504 shares in the last quarter. Arax Advisory Partners acquired a new position in shares of Liberty Media Corporation – Liberty Live Series A in the fourth quarter valued at approximately $42,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Liberty Media Corporation – Liberty Live Series A by 1.2% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 45,444 shares of the company’s stock valued at $3,704,000 after buying an additional 552 shares during the period. 25.07% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently weighed in on LLYVA shares. Zacks Research upgraded Liberty Media Corporation – Liberty Live Series A from a “strong sell” rating to a “hold” rating in a research report on Friday, July 10th. Weiss Ratings restated a “sell (d-)” rating on shares of Liberty Media Corporation – Liberty Live Series A in a report on Friday, May 29th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average 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.