Gabelli Funds LLC Has $6 Million Position in Liberty Media Corporation – Liberty Live Series A $LLYVA

Gabelli Funds LLC raised its stake in shares of Liberty Media Corporation – Liberty Live Series A (NASDAQ:LLYVA) by 18.5% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 65,474 shares of the company’s stock after acquiring an additional 10,242 shares during the quarter. Gabelli Funds LLC’s holdings in Liberty Media Corporation – Liberty Live Series A were worth $6,000,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. ValueAct Holdings L.P. grew its holdings 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 worth $146,644,000 after purchasing an additional 79,771 shares during the last quarter. Bank of America Corp DE lifted its holdings in Liberty Media Corporation – Liberty Live Series A by 21.7% during the 3rd quarter. Bank of America Corp DE now owns 493,211 shares of the company’s stock valued at $46,510,000 after purchasing an additional 87,871 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in Liberty Media Corporation – Liberty Live Series A by 0.8% during the 1st quarter. Principal Financial Group Inc. now owns 405,218 shares of the company’s stock valued at $37,134,000 after purchasing an additional 3,201 shares during the last quarter. Amundi acquired a new position in Liberty Media Corporation – Liberty Live Series A in the third quarter valued at about $33,923,000. Finally, Virtu Financial LLC grew its stake 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 buying an additional 203,902 shares during the last quarter. Institutional investors and hedge funds own 25.07% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Liberty Media Corporation – Liberty Live Series A in a report on Friday, May 29th. Zacks Research raised Liberty Media Corporation – Liberty Live Series A from a “strong sell” rating to a “hold” rating in a report on Friday, July 10th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce”.

Liberty Media Corporation – Liberty Live Series A Stock Performance

Shares of LLYVA stock opened at $98.83 on Tuesday. Liberty Media Corporation – Liberty Live Series A has a 52 week low of $74.38 and a 52 week high of $105.47. The stock has a market capitalization of $9.09 billion, a PE ratio of -27.92 and a beta of 0.92. The stock’s fifty day moving average is $97.19 and its 200-day moving average is $92.62.

Liberty Media Corporation – Liberty Live Series A (NASDAQ:LLYVA) last issued its quarterly earnings results on Thursday, May 7th. The company reported ($3.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($3.07). The company had revenue of $63.62 million for the quarter, compared to analyst estimates of $70.40 million. As a group, analysts forecast that Liberty Media Corporation – Liberty Live Series A will post -3.3 earnings per share for the current fiscal year.

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.