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

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 report published on Monday,Zacks.com reports.

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Liberty Media Corporation – Liberty Live Series A in a research note on Friday. Two analysts have rated the stock with a Sell rating, Based on data from MarketBeat, Liberty Media Corporation – Liberty Live Series A has an average rating of “Sell”.

Liberty Media Corporation – Liberty Live Series A Trading Down 2.8%

Shares of NASDAQ LLYVA opened at $95.26 on Monday. The firm has a market cap of $8.76 billion, a P/E ratio of -26.91 and a beta of 0.95. Liberty Media Corporation – Liberty Live Series A has a 1-year low of $71.25 and a 1-year high of $99.82. The business’s 50 day moving average is $93.69 and its 200-day moving average is $87.68.

Liberty Media Corporation – Liberty Live Series A (NASDAQ:LLYVA) last announced its 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 firm had revenue of $63.62 million during the quarter, compared to the consensus estimate of $70.40 million. Analysts forecast 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

Hedge funds have recently added to or reduced their stakes in the stock. Quarry LP bought a new position in Liberty Media Corporation – Liberty Live Series A during the 4th quarter worth $29,000. Fifth Third Bancorp increased its stake in Liberty Media Corporation – Liberty Live Series A by 23,650.0% during the 1st quarter. Fifth Third Bancorp now owns 475 shares of the company’s stock worth $44,000 after acquiring an additional 473 shares during the period. Camelot Portfolios LLC bought a new position in Liberty Media Corporation – Liberty Live Series A during the 4th quarter worth $42,000. Arax Advisory Partners bought a new position in Liberty Media Corporation – Liberty Live Series A during the 4th quarter worth $42,000. Finally, Federated Hermes Inc. bought a new position in Liberty Media Corporation – Liberty Live Series A during the 3rd quarter worth $64,000. Institutional investors own 25.07% of the company’s stock.

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.