Alberta Investment Management Corp Sells 41,500,000 Shares of Liberty Media Corporation – Liberty Live Series A $LLYVA

Alberta Investment Management Corp trimmed its position in shares of Liberty Media Corporation – Liberty Live Series A (NASDAQ:LLYVA) by 98.6% during the 4th quarter, HoldingsChannel.com reports. The firm owned 594,000 shares of the company’s stock after selling 41,500,000 shares during the period. Alberta Investment Management Corp’s holdings in Liberty Media Corporation – Liberty Live Series A were worth $48,411,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Quarry LP purchased a new stake in shares of Liberty Media Corporation – Liberty Live Series A during the fourth quarter valued at approximately $29,000. Camelot Portfolios LLC purchased a new position in Liberty Media Corporation – Liberty Live Series A in the 4th quarter worth approximately $42,000. Arax Advisory Partners bought a new position in Liberty Media Corporation – Liberty Live Series A in the 4th quarter valued at approximately $42,000. Tower Research Capital LLC TRC boosted its stake in Liberty Media Corporation – Liberty Live Series A by 495.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,459 shares of the company’s stock valued at $116,000 after purchasing an additional 1,214 shares during the last quarter. Finally, US Bancorp DE boosted its stake in Liberty Media Corporation – Liberty Live Series A by 51.8% during the 3rd quarter. US Bancorp DE now owns 1,469 shares of the company’s stock valued at $139,000 after purchasing an additional 501 shares during the last quarter. 25.07% of the stock is owned by hedge funds and other institutional investors.

Liberty Media Corporation – Liberty Live Series A Trading Down 0.7%

NASDAQ LLYVA opened at $94.94 on Friday. Liberty Media Corporation – Liberty Live Series A has a 12 month low of $74.38 and a 12 month high of $99.82. The stock has a market cap of $8.73 billion, a price-to-earnings ratio of -26.82 and a beta of 0.95. The company’s 50 day moving average is $94.37 and its two-hundred day moving average is $89.20.

Liberty Media Corporation – Liberty Live Series A (NASDAQ:LLYVA) last posted its quarterly earnings results on Thursday, May 7th. The company reported ($3.20) earnings per share 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 analyst estimates of $70.40 million. Sell-side analysts forecast that Liberty Media Corporation – Liberty Live Series A will post -3.3 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Liberty Media Corporation – Liberty Live Series A in a report on Friday, May 29th. Zacks Research lowered Liberty Media Corporation – Liberty Live Series A from a “hold” rating to a “strong sell” rating in a research note on Monday, June 1st. Two research analysts have rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of “Sell”.

Liberty Media Corporation – Liberty Live Series A 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.