Liberty Media Corporation – Liberty Live Series A (NASDAQ:LLYVA) Stock Price Down 0.4% – Time to Sell?

Liberty Media Corporation – Liberty Live Series A (NASDAQ:LLYVA)’s stock price fell 0.4% during mid-day trading on Thursday . The company traded as low as $94.34 and last traded at $95.04. Approximately 104,387 shares changed hands during trading, a decline of 54% from the average daily volume of 227,561 shares. The stock had previously closed at $95.39.

Wall Street Analysts Forecast Growth

Several research firms recently commented on LLYVA. 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 upgraded shares of Liberty Media Corporation – Liberty Live Series A from a “strong sell” rating to a “hold” rating in a research note on Friday, July 10th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce”.

Liberty Media Corporation – Liberty Live Series A Trading Down 0.4%

The stock has a market capitalization of $8.74 billion, a PE ratio of -26.85 and a beta of 0.92. The firm has a 50 day moving average price of $97.16 and a 200 day moving average price of $92.41.

Liberty Media Corporation – Liberty Live Series A (NASDAQ:LLYVA) last released its earnings results 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 research analysts expect that Liberty Media Corporation – Liberty Live Series A will post -3.3 EPS for the current year.

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

Several large investors have recently added to or reduced their stakes in LLYVA. AQR Capital Management LLC increased its stake in shares of Liberty Media Corporation – Liberty Live Series A by 14.9% in the first quarter. AQR Capital Management LLC now owns 9,907 shares of the company’s stock worth $666,000 after purchasing an additional 1,285 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new position in shares of Liberty Media Corporation – Liberty Live Series A during the 1st quarter valued at $282,000. Goldman Sachs Group Inc. boosted its holdings in Liberty Media Corporation – Liberty Live Series A by 16.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 41,392 shares of the company’s stock worth $2,783,000 after buying an additional 5,945 shares during the period. Quantbot Technologies LP boosted its holdings in Liberty Media Corporation – Liberty Live Series A by 72.3% in the 2nd quarter. Quantbot Technologies LP now owns 4,874 shares of the company’s stock worth $387,000 after buying an additional 2,045 shares during the period. Finally, Invesco Ltd. increased its stake in Liberty Media Corporation – Liberty Live Series A by 23.0% in the 2nd 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. Hedge funds and other 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.