Zacks Research Downgrades Liberty Media Corporation – Liberty Live Series A (NASDAQ:LLYVA) to Strong Sell

Liberty Media Corporation – Liberty Live Series A (NASDAQ:LLYVA) was downgraded by analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued 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 research note on Friday, May 29th. Two equities research analysts have rated the stock with a Sell rating, According to MarketBeat.com, the stock has a consensus rating of “Sell”.

Liberty Media Corporation – Liberty Live Series A Stock Performance

Shares of LLYVA stock opened at $104.18 on Wednesday. The stock has a 50 day moving average price of $98.56 and a 200 day moving average price of $94.32. Liberty Media Corporation – Liberty Live Series A has a 52-week low of $74.38 and a 52-week high of $105.47. The firm has a market capitalization of $9.58 billion, a P/E ratio of -23.00 and a beta of 0.95.

Liberty Media Corporation – Liberty Live Series A (NASDAQ:LLYVA) last announced its quarterly earnings data on Thursday, August 6th. The company reported ($2.92) EPS for the quarter, missing the consensus estimate of $0.42 by ($3.34). The business had revenue of $147.06 million during the quarter, compared to the consensus estimate of $93.63 million. As a group, sell-side analysts forecast that Liberty Media Corporation – Liberty Live Series A will post -7.69 EPS for the current year.

Institutional Trading of Liberty Media Corporation – Liberty Live Series A

Several institutional investors and hedge funds have recently modified their holdings of the stock. AQR Capital Management LLC boosted its holdings in shares of Liberty Media Corporation – Liberty Live Series A by 14.9% in the first quarter. AQR Capital Management LLC now owns 9,907 shares of the company’s stock valued at $666,000 after purchasing an additional 1,285 shares during the period. Integrated Wealth Concepts LLC bought a new position in Liberty Media Corporation – Liberty Live Series A in the first quarter worth approximately $282,000. Goldman Sachs Group Inc. increased its holdings in 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 purchasing an additional 5,945 shares during the period. Quantbot Technologies LP increased its holdings in 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 worth $387,000 after purchasing an additional 2,045 shares during the period. Finally, Invesco Ltd. raised its position in Liberty Media Corporation – Liberty Live Series A by 23.0% during the 2nd quarter. Invesco Ltd. now owns 27,675 shares of the company’s stock valued at $2,200,000 after purchasing an additional 5,171 shares in the last quarter. 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.