Gabelli Funds LLC Has $6 Million Position in Liberty Media Corporation – Liberty Live Series A $LLYVA

Gabelli Funds LLC lifted its stake in Liberty Media Corporation – Liberty Live Series A (NASDAQ:LLYVA) by 18.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 65,474 shares of the company’s stock after buying an additional 10,242 shares during the period. Gabelli Funds LLC owned about 0.07% of Liberty Media Corporation – Liberty Live Series A worth $6,000,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Quarry LP bought a new position in Liberty Media Corporation – Liberty Live Series A during the fourth quarter valued at about $29,000. Fifth Third Bancorp lifted its position in shares of Liberty Media Corporation – Liberty Live Series A by 23,650.0% in 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 stake in shares of Liberty Media Corporation – Liberty Live Series A in the 4th quarter worth approximately $42,000. Arax Advisory Partners acquired a new stake in shares of Liberty Media Corporation – Liberty Live Series A during the 4th quarter worth approximately $42,000. Finally, Tower Research Capital LLC TRC grew its holdings in shares of 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 worth $116,000 after purchasing an additional 1,214 shares in the last quarter. 25.07% of the stock is owned by institutional investors and hedge funds.

Liberty Media Corporation – Liberty Live Series A Stock Up 3.3%

NASDAQ LLYVA opened at $98.83 on Tuesday. The stock has a market cap of $9.09 billion, a P/E ratio of -27.92 and a beta of 0.92. The company’s 50-day simple moving average is $97.19 and its 200 day simple moving average is $92.62. Liberty Media Corporation – Liberty Live Series A has a twelve month low of $74.38 and a twelve month high of $105.47.

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

Analysts Set New Price Targets

A number of analysts have recently issued reports on LLYVA shares. Zacks Research upgraded Liberty Media Corporation – Liberty Live Series A from a “strong sell” rating to a “hold” rating in a research report on Friday, July 10th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Liberty Media Corporation – Liberty Live Series A in a research report on Friday, May 29th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Liberty Media Corporation – Liberty Live Series A currently has an average rating of “Reduce”.

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.