Liberty Media Corporation – Liberty Live Series A (NASDAQ:LLYVA) Sees Large Volume Increase – What’s Next?

Liberty Media Corporation – Liberty Live Series A (NASDAQ:LLYVA) saw unusually-strong trading volume on Thursday . Approximately 1,398,670 shares changed hands during trading, an increase of 650% from the previous session’s volume of 186,517 shares.The stock last traded at $98.0590 and had previously closed at $96.49.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Zacks Research raised shares of Liberty Media Corporation – Liberty Live Series A from a “strong sell” rating to a “hold” rating in a report on Friday, May 1st. Weiss Ratings reiterated a “sell (d)” rating on shares of Liberty Media Corporation – Liberty Live Series A in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Liberty Media Corporation – Liberty Live Series A presently has a consensus rating of “Reduce”.

Liberty Media Corporation – Liberty Live Series A Stock Up 2.4%

The firm has a market capitalization of $9.08 billion, a PE ratio of -27.79 and a beta of 0.96. The business has a 50-day moving average price of $93.26 and a 200-day moving average price of $86.78.

Liberty Media Corporation – Liberty Live Series A (NASDAQ:LLYVA) last announced 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 company had revenue of $63.62 million during the quarter, compared to analysts’ expectations of $70.40 million. On average, equities research analysts anticipate that Liberty Media Corporation – Liberty Live Series A will post 0.75 earnings per share for the current year.

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

A number of hedge funds have recently modified their holdings of LLYVA. AQR Capital Management LLC increased its position in Liberty Media Corporation – Liberty Live Series A by 14.9% during the first quarter. AQR Capital Management LLC now owns 9,907 shares of the company’s stock worth $666,000 after purchasing an additional 1,285 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new stake in shares of Liberty Media Corporation – Liberty Live Series A during the 1st quarter worth approximately $282,000. Goldman Sachs Group Inc. increased its holdings in shares of Liberty Media Corporation – Liberty Live Series A by 16.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 41,392 shares of the company’s stock worth $2,783,000 after buying an additional 5,945 shares during the last quarter. Quantbot Technologies LP raised its position in shares of Liberty Media Corporation – Liberty Live Series A by 72.3% during the 2nd quarter. Quantbot Technologies LP now owns 4,874 shares of the company’s stock valued at $387,000 after buying an additional 2,045 shares during the period. Finally, Invesco Ltd. lifted its holdings in Liberty Media Corporation – Liberty Live Series A by 23.0% in the second quarter. Invesco Ltd. now owns 27,675 shares of the company’s stock valued at $2,200,000 after acquiring an additional 5,171 shares during the last quarter. 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.