Liberty Media Corporation – Liberty Live Series A (NASDAQ:LLYVA) Stock Rating Lowered by Zacks Research

Liberty Media Corporation – Liberty Live Series A (NASDAQ:LLYVA) was downgraded by investment analysts 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 report on Thursday, January 22nd. Two investment analysts have rated the stock with a Sell rating, According to data from MarketBeat, the company presently has an average rating of “Sell”.

Liberty Media Corporation – Liberty Live Series A Price Performance

Shares of NASDAQ:LLYVA opened at $95.94 on Wednesday. The business’s 50 day simple moving average is $85.62 and its 200 day simple moving average is $86.55. Liberty Media Corporation – Liberty Live Series A has a 1 year low of $59.45 and a 1 year high of $99.63. The company has a market capitalization of $8.82 billion, a P/E ratio of -184.50 and a beta of 1.23.

Insiders Place Their Bets

In related news, major shareholder Berkshire Hathaway Inc sold 7,685 shares of the firm’s stock in a transaction dated Friday, January 16th. The stock was sold at an average price of $83.72, for a total value of $643,388.20. Following the sale, the insider directly owned 10,587,143 shares of the company’s stock, valued at $886,355,611.96. This trade represents a 0.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Chase Carey sold 83,536 shares of the business’s stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $96.95, for a total value of $8,098,815.20. Following the transaction, the director directly owned 94,356 shares of the company’s stock, valued at approximately $9,147,814.20. The trade was a 46.96% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 497,554 shares of company stock worth $43,484,018.

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

A number of hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of Liberty Media Corporation – Liberty Live Series A by 1.7% during the 3rd quarter. Vanguard Group Inc. now owns 2,039,881 shares of the company’s stock valued at $192,361,000 after purchasing an additional 33,550 shares in the last quarter. ValueAct Holdings L.P. increased its stake in shares of Liberty Media Corporation – Liberty Live Series A by 4.6% in the 4th quarter. ValueAct Holdings L.P. now owns 1,799,319 shares of the company’s stock valued at $146,644,000 after acquiring an additional 79,771 shares in the last quarter. Bank of America Corp DE boosted its stake 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 in the last quarter. SG Americas Securities LLC acquired a new stake in Liberty Media Corporation – Liberty Live Series A in the fourth quarter worth $35,661,000. Finally, Amundi bought a new stake in Liberty Media Corporation – Liberty Live Series A in the third quarter valued at $33,923,000. Institutional investors 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.