Liberty Media Corporation – Liberty Live Series A (NASDAQ:LLYVA) Releases Quarterly Earnings Results, Misses Expectations By $3.07 EPS

Liberty Media Corporation – Liberty Live Series A (NASDAQ:LLYVA) issued its quarterly earnings data on Thursday. The company reported ($3.20) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($3.07), Zacks reports. The firm had revenue of $63.62 million for the quarter, compared to analyst estimates of $70.40 million.

Liberty Media Corporation – Liberty Live Series A Trading Down 1.9%

Shares of Liberty Media Corporation – Liberty Live Series A stock traded down $1.80 during trading hours on Friday, hitting $93.59. 100,769 shares of the company were exchanged, compared to its average volume of 115,861. Liberty Media Corporation – Liberty Live Series A has a 1 year low of $70.66 and a 1 year high of $99.82. The business has a 50-day moving average of $93.34 and a 200-day moving average of $86.65. The stock has a market capitalization of $8.60 billion, a price-to-earnings ratio of -179.98 and a beta of 0.96.

Analyst Ratings Changes

LLYVA has been the subject of a number of research reports. Weiss Ratings reiterated a “sell (d)” rating on shares of Liberty Media Corporation – Liberty Live Series A in a research note on Thursday, January 22nd. Zacks Research upgraded Liberty Media Corporation – Liberty Live Series A from a “strong sell” rating to a “hold” rating in a research note on Friday, May 1st. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Reduce”.

Institutional Investors Weigh In On Liberty Media Corporation – Liberty Live Series A

Several large investors have recently modified their holdings of the stock. ValueAct Holdings L.P. raised its stake in shares of Liberty Media Corporation – Liberty Live Series A by 4.6% during the fourth quarter. ValueAct Holdings L.P. now owns 1,799,319 shares of the company’s stock worth $146,644,000 after purchasing an additional 79,771 shares during the last quarter. Bank of America Corp DE grew its holdings in Liberty Media Corporation – Liberty Live Series A by 21.7% during the third quarter. Bank of America Corp DE now owns 493,211 shares of the company’s stock worth $46,510,000 after acquiring an additional 87,871 shares during the period. Amundi acquired a new position in Liberty Media Corporation – Liberty Live Series A during the third quarter worth $33,923,000. Virtu Financial LLC grew its holdings in Liberty Media Corporation – Liberty Live Series A by 133.7% during the third quarter. Virtu Financial LLC now owns 356,459 shares of the company’s stock worth $33,614,000 after acquiring an additional 203,902 shares during the period. Finally, State Street Corp grew its holdings in Liberty Media Corporation – Liberty Live Series A by 6.4% during the fourth quarter. State Street Corp now owns 348,853 shares of the company’s stock worth $28,432,000 after acquiring an additional 21,069 shares during the period. Hedge funds and other 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.