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

Liberty Media Corporation – Liberty Live Series A (NASDAQ:LLYVA) was downgraded by equities researchers at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Liberty Media Corporation – Liberty Live Series A in a research report on Friday, May 29th. Two analysts have rated the stock with a Sell rating, Based on data from MarketBeat, Liberty Media Corporation – Liberty Live Series A currently has a consensus rating of “Sell”.

Liberty Media Corporation – Liberty Live Series A Trading Up 1.4%

Shares of LLYVA stock opened at $104.18 on Wednesday. Liberty Media Corporation – Liberty Live Series A has a 12-month low of $74.38 and a 12-month high of $105.47. The stock’s 50-day moving average price is $98.56 and its 200-day moving average price is $94.32. The stock has a market capitalization of $9.58 billion, a price-to-earnings ratio of -23.00 and a beta of 0.95.

Liberty Media Corporation – Liberty Live Series A (NASDAQ:LLYVA) last posted its earnings results on Thursday, August 6th. The company reported ($2.92) EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($3.34). The firm had revenue of $147.06 million during the quarter, compared to analysts’ expectations of $93.63 million. As a group, research analysts predict that Liberty Media Corporation – Liberty Live Series A will post -7.69 EPS for the current fiscal year.

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

Hedge funds have recently bought and sold shares of the business. Bank of America Corp DE increased its stake in Liberty Media Corporation – Liberty Live Series A by 10.3% in the first quarter. Bank of America Corp DE now owns 1,785,654 shares of the company’s stock worth $163,637,000 after purchasing an additional 167,098 shares during the period. Amundi lifted its position in shares of Liberty Media Corporation – Liberty Live Series A by 592.0% during the first quarter. Amundi now owns 1,309,994 shares of the company’s stock worth $120,048,000 after purchasing an additional 1,120,684 shares during the last quarter. California State Teachers Retirement System boosted its stake in shares of Liberty Media Corporation – Liberty Live Series A by 28.9% during the first quarter. California State Teachers Retirement System now owns 22,674 shares of the company’s stock valued at $2,078,000 after purchasing an additional 5,077 shares during the period. Royal Bank of Canada boosted its stake in shares of Liberty Media Corporation – Liberty Live Series A by 2,605.3% during the first quarter. Royal Bank of Canada now owns 31,327 shares of the company’s stock valued at $2,870,000 after purchasing an additional 30,169 shares during the period. Finally, Quantinno Capital Management LP boosted its stake in shares of Liberty Media Corporation – Liberty Live Series A by 13.9% during the first quarter. Quantinno Capital Management LP now owns 94,497 shares of the company’s stock valued at $8,660,000 after purchasing an additional 11,543 shares during the period. 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.