Liberty Media Corporation – Liberty Live Series A (NASDAQ:LLYVA) Downgraded by Zacks Research to “Strong Sell”

Zacks Research cut shares of Liberty Media Corporation – Liberty Live Series A (NASDAQ:LLYVA) from a hold rating to a strong sell rating in a research report released on Wednesday morning,Zacks.com reports.

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Liberty Media Corporation – Liberty Live Series A in a report on Thursday, January 22nd. Two analysts have rated the stock with a Sell rating, According to data from MarketBeat, the stock has a consensus rating of “Sell”.

Liberty Media Corporation – Liberty Live Series A Price Performance

Shares of NASDAQ LLYVA traded down $0.09 during mid-day trading on Wednesday, hitting $95.85. The company’s stock had a trading volume of 22,412 shares, compared to its average volume of 212,150. Liberty Media Corporation – Liberty Live Series A has a one year low of $59.45 and a one year high of $99.63. The company’s fifty day simple moving average is $85.62 and its 200-day simple moving average is $86.55. The stock has a market cap of $8.81 billion, a price-to-earnings ratio of -184.33 and a beta of 1.23.

Insider Buying and Selling at Liberty Media Corporation – Liberty Live Series A

In other Liberty Media Corporation – Liberty Live Series A news, major shareholder Berkshire Hathaway Inc sold 7,685 shares of Liberty Media Corporation – Liberty Live Series A stock in a transaction dated Friday, January 16th. The stock was sold at an average price of $83.72, for a total transaction of $643,388.20. Following the transaction, the insider directly owned 10,587,143 shares in the company, valued at approximately $886,355,611.96. The trade was a 0.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Chase Carey sold 83,536 shares of the firm’s stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $96.95, for a total value of $8,098,815.20. Following the sale, the director directly owned 94,356 shares in the company, valued at approximately $9,147,814.20. This represents a 46.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 497,554 shares of company stock worth $43,484,018 in the last ninety days.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of LLYVA. Highbridge Capital Management LLC raised its holdings in shares of Liberty Media Corporation – Liberty Live Series A by 15.9% during the third quarter. Highbridge Capital Management LLC now owns 208,179 shares of the company’s stock worth $19,631,000 after acquiring an additional 28,602 shares during the period. Principal Financial Group Inc. boosted its stake in Liberty Media Corporation – Liberty Live Series A by 933.4% in the 3rd quarter. Principal Financial Group Inc. now owns 384,482 shares of the company’s stock worth $36,257,000 after purchasing an additional 347,275 shares during the period. JPMorgan Chase & Co. increased its holdings in Liberty Media Corporation – Liberty Live Series A by 56.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 386,705 shares of the company’s stock worth $30,735,000 after purchasing an additional 139,055 shares in the last quarter. Anfield Capital Management LLC acquired a new stake in shares of Liberty Media Corporation – Liberty Live Series A in the 3rd quarter valued at about $2,321,000. Finally, Vanguard Group Inc. lifted its holdings in shares of Liberty Media Corporation – Liberty Live Series A by 1.7% in the third quarter. Vanguard Group Inc. now owns 2,039,881 shares of the company’s stock valued at $192,361,000 after purchasing an additional 33,550 shares in the last quarter. 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.