Liberty Media Corporation – Liberty Live Series A (NASDAQ:LLYVA) Sees Unusually-High Trading Volume – Here’s Why

Shares of Liberty Media Corporation – Liberty Live Series A (NASDAQ:LLYVA) saw unusually-strong trading volume on Tuesday . Approximately 172,034 shares changed hands during mid-day trading, an increase of 30% from the previous session’s volume of 132,194 shares.The stock last traded at $87.8010 and had previously closed at $87.63.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on LLYVA shares. Weiss Ratings reiterated a “sell (d)” rating on shares of Liberty Media Corporation – Liberty Live Series A in a report on Wednesday, October 8th. Zacks Research upgraded shares of Liberty Media Corporation – Liberty Live Series A to a “hold” rating in a report on Tuesday, September 9th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Reduce”.

Liberty Media Corporation – Liberty Live Series A Stock Up 0.3%

The stock has a market cap of $8.08 billion, a price-to-earnings ratio of -28.12 and a beta of 1.33. The company’s 50-day moving average is $91.77 and its 200-day moving average is $82.98.

Liberty Media Corporation – Liberty Live Series A (NASDAQ:LLYVA) last posted its quarterly earnings results on Thursday, August 7th. The company reported ($1.93) earnings per share (EPS) for the quarter, missing the consensus estimate of $1.22 by ($3.15).

Institutional Trading of Liberty Media Corporation – Liberty Live Series A

Several hedge funds have recently modified their holdings of the company. Principal Financial Group Inc. increased its holdings in shares of Liberty Media Corporation – Liberty Live Series A by 933.4% during the third quarter. Principal Financial Group Inc. now owns 384,482 shares of the company’s stock worth $36,257,000 after buying an additional 347,275 shares in the last quarter. AlphaQuest LLC acquired a new stake in shares of Liberty Media Corporation – Liberty Live Series A during the third quarter worth approximately $487,000. Federated Hermes Inc. acquired a new stake in shares of Liberty Media Corporation – Liberty Live Series A during the third quarter worth approximately $64,000. Quent Capital LLC acquired a new stake in shares of Liberty Media Corporation – Liberty Live Series A during the third quarter worth approximately $80,000. Finally, HB Wealth Management LLC increased its holdings in shares of Liberty Media Corporation – Liberty Live Series A by 4.5% during the third quarter. HB Wealth Management LLC now owns 3,823 shares of the company’s stock worth $361,000 after buying an additional 166 shares in the last quarter. Institutional investors and hedge funds own 25.07% of the company’s stock.

About Liberty Media Corporation – Liberty Live Series A

Liberty Live Group operates in the media, communications, and entertainment industries primarily in North America and the United Kingdom. The company is headquartered in Englewood, Colorado.