Liberty Media Corporation – Liberty Live Series A (NASDAQ:LLYVA) Sets New 12-Month High – Here’s What Happened

Liberty Media Corporation – Liberty Live Series A (NASDAQ:LLYVA)’s stock price reached a new 52-week high during trading on Thursday . The stock traded as high as $105.00 and last traded at $103.86, with a volume of 345918 shares changing hands. The stock had previously closed at $101.26.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. 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. Zacks Research downgraded Liberty Media Corporation – Liberty Live Series A from a “hold” rating to a “strong sell” rating in a report on Monday, June 1st. Two research analysts have rated the stock with a Sell rating, According to data from MarketBeat.com, Liberty Media Corporation – Liberty Live Series A has a consensus rating of “Sell”.

Liberty Media Corporation – Liberty Live Series A Stock Up 2.6%

The firm’s 50 day moving average price is $94.83 and its two-hundred day moving average price is $90.41. The firm has a market capitalization of $9.56 billion, a PE ratio of -29.34 and a beta of 0.95.

Liberty Media Corporation – Liberty Live Series A (NASDAQ:LLYVA) last issued its quarterly earnings data 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. On average, sell-side analysts anticipate that Liberty Media Corporation – Liberty Live Series A will post -3.3 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. JNE Partners LLP boosted its holdings in Liberty Media Corporation – Liberty Live Series A by 53.3% in the third quarter. JNE Partners LLP now owns 368,121 shares of the company’s stock valued at $34,714,000 after purchasing an additional 128,000 shares during the last quarter. SG Americas Securities LLC purchased a new stake in Liberty Media Corporation – Liberty Live Series A during the 4th quarter worth approximately $35,661,000. Oak Thistle LLC acquired a new position in shares of Liberty Media Corporation – Liberty Live Series A in the 4th quarter valued at approximately $594,000. Jefferies Financial Group Inc. purchased a new position in shares of Liberty Media Corporation – Liberty Live Series A during the 4th quarter valued at approximately $2,562,000. Finally, ING Groep NV boosted its stake in shares of Liberty Media Corporation – Liberty Live Series A by 140.4% during the 4th quarter. ING Groep NV now owns 118,500 shares of the company’s stock valued at $9,658,000 after buying an additional 69,200 shares during the last quarter. Institutional investors and hedge funds 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.