Liberty Media Corporation – Liberty Live Series A (NASDAQ:LLYVA) Trading Down 8.4% – Should You Sell?

Liberty Media Corporation – Liberty Live Series A (NASDAQ:LLYVA) dropped 8.4% on Wednesday . The company traded as low as $80.67 and last traded at $80.9770. Approximately 13,230 shares were traded during mid-day trading, a decline of 90% from the average daily volume of 131,944 shares. The stock had previously closed at $88.44.

Analyst Upgrades and Downgrades

LLYVA has been the subject of a number of research analyst reports. Zacks Research raised shares of Liberty Media Corporation – Liberty Live Series A to a “hold” rating in a research note on Tuesday, September 9th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Liberty Media Corporation – Liberty Live Series A in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Reduce”.

Liberty Media Corporation – Liberty Live Series A Stock Performance

The firm’s 50-day moving average price is $91.65 and its 200 day moving average price is $83.13. The company has a market cap of $7.52 billion, a price-to-earnings ratio of -26.21 and a beta of 1.32.

Liberty Media Corporation – Liberty Live Series A (NASDAQ:LLYVA) last issued its quarterly earnings results on Thursday, August 7th. The company reported ($1.93) EPS for the quarter, missing the consensus estimate of $1.22 by ($3.15).

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

Several institutional investors have recently modified their holdings of the business. HB Wealth Management LLC boosted its stake in Liberty Media Corporation – Liberty Live Series A by 4.5% during the 3rd quarter. HB Wealth Management LLC now owns 3,823 shares of the company’s stock worth $361,000 after acquiring an additional 166 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al grew its holdings in Liberty Media Corporation – Liberty Live Series A by 1.5% during the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 13,500 shares of the company’s stock valued at $1,273,000 after purchasing an additional 200 shares during the period. PNC Financial Services Group Inc. grew its holdings in Liberty Media Corporation – Liberty Live Series A by 14.8% during the second quarter. PNC Financial Services Group Inc. now owns 1,688 shares of the company’s stock valued at $134,000 after purchasing an additional 218 shares during the period. Kontiki Capital Management HK Ltd. grew its holdings in Liberty Media Corporation – Liberty Live Series A by 3.4% during the first quarter. Kontiki Capital Management HK Ltd. now owns 8,529 shares of the company’s stock valued at $573,000 after purchasing an additional 280 shares during the period. Finally, Bessemer Group Inc. grew its holdings in Liberty Media Corporation – Liberty Live Series A by 23.3% during the third quarter. Bessemer Group Inc. now owns 1,586 shares of the company’s stock valued at $149,000 after purchasing an additional 300 shares during the period. Institutional investors and hedge funds own 25.07% of the company’s stock.

About Liberty Media Corporation – Liberty Live Series A

Liberty Live Group operates in the media, communications, and entertainment industries primarily in North America and the United Kingdom. The company is headquartered in Englewood, Colorado.