Liberty Media Corporation – Liberty Live Series A (NASDAQ:LLYVA) Releases Earnings Results, Misses Expectations By $3.34 EPS

Liberty Media Corporation – Liberty Live Series A (NASDAQ:LLYVA) issued its quarterly earnings results on Thursday. The company reported ($2.92) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($3.34), Zacks reports. The company had revenue of $147.06 million during the quarter, compared to analysts’ expectations of $93.63 million.

Liberty Media Corporation – Liberty Live Series A Price Performance

Shares of LLYVA stock traded down $0.83 during mid-day trading on Friday, hitting $98.78. 83,922 shares of the stock traded hands, compared to its average volume of 150,102. The stock has a market cap of $9.09 billion, a P/E ratio of -21.81 and a beta of 0.95. The stock’s fifty day moving average is $97.86 and its two-hundred day moving average is $93.66. Liberty Media Corporation – Liberty Live Series A has a 52-week low of $74.38 and a 52-week high of $105.47.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. 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, July 10th. Weiss Ratings reissued a “sell (d-)” rating on shares of Liberty Media Corporation – Liberty Live Series A in a research note on Friday, May 29th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Reduce”.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of LLYVA. Mercer Global Advisors Inc. ADV increased its holdings in Liberty Media Corporation – Liberty Live Series A by 66.4% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 4,224 shares of the company’s stock worth $344,000 after buying an additional 1,685 shares during the period. KKM Financial LLC acquired a new position in Liberty Media Corporation – Liberty Live Series A in the 4th quarter worth about $1,178,000. ValueAct Holdings L.P. boosted its position in 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 in the last quarter. Toronto Dominion Bank acquired a new stake in Liberty Media Corporation – Liberty Live Series A in the fourth quarter valued at approximately $1,630,000. Finally, Tudor Investment Corp ET AL grew its holdings in Liberty Media Corporation – Liberty Live Series A by 126.6% in the fourth quarter. Tudor Investment Corp ET AL now owns 22,658 shares of the company’s stock valued at $1,847,000 after purchasing an additional 12,661 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.