Liberty Media Corporation – Liberty Live Series A (NASDAQ:LLYVA) Stock Price Breaks Above Fifty Day Moving Average – Should You Sell?

Liberty Media Corporation – Liberty Live Series A (NASDAQ:LLYVA – Get Free Report)’s stock price crossed above its fifty day moving average during trading on Wednesday. The stock has a fifty day moving average of $96.67 and traded as high as $97.27. Liberty Media Corporation – Liberty Live Series A shares last traded at $97.08, with a volume of 116,923 shares changing hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Liberty Media Corporation – Liberty Live Series A in a research note on Wednesday, August 26th. Zacks Research upgraded shares of Liberty Media Corporation – Liberty Live Series A from a “strong sell” rating to a “hold” rating in a research report on Friday, October 9th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Reduce”.

Read Our Latest Stock Analysis on Liberty Media Corporation – Liberty Live Series A

Liberty Media Corporation – Liberty Live Series A Stock Performance

The firm has a 50 day simple moving average of $96.56 and a two-hundred day simple moving average of $94.54.

Liberty Media Corporation – Liberty Live Series A (NASDAQ:LLYVA – Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The company reported ($2.92) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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. On average, equities research analysts expect that Liberty Media Corporation – Liberty Live Series A will post -7.69 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, major shareholder John Malone sold 29,593 shares of the stock in a transaction dated Thursday, September 24th. The shares were sold at an average price of $98.16, for a total value of $2,904,848.88. Following the completion of the transaction, the insider owned 3,186,342 shares in the company, valued at $312,771,330.72. This represents a 0.92% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.01% of the stock is owned by insiders.

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

Several large investors have recently bought and sold shares of the stock. Maven Securities LTD bought a new position in Liberty Media Corporation – Liberty Live Series A during the 2nd quarter valued at $1,364,000. Hound Partners LLC bought a new stake in shares of Liberty Media Corporation – Liberty Live Series A in the 1st quarter worth $10,268,000. Bank of America Corp DE raised its stake in shares of Liberty Media Corporation – Liberty Live Series A by 10.3% in the 1st quarter. Bank of America Corp DE now owns 1,785,654 shares of the company’s stock worth $163,637,000 after buying an additional 167,098 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Liberty Media Corporation – Liberty Live Series A in the 1st quarter worth $5,608,000. Finally, Quantinno Capital Management LP lifted its holdings in shares of Liberty Media Corporation – Liberty Live Series A by 13.9% in the first quarter. Quantinno Capital Management LP now owns 94,497 shares of the company’s stock valued at $8,660,000 after buying an additional 11,543 shares during the period. Institutional investors and hedge funds own 25.07% of the company’s stock.

Liberty Media Corporation – Liberty Live Series A Company Profile

(Get Free Report)

Liberty Media Corporation’s Liberty Live Group is represented by Liberty Live Series A, a tracking stock traded under the symbol LLYVA. The tracking stock is intended to reflect the performance of the Liberty Live Group, rather than the performance of Liberty Media’s other separately tracked businesses.

The Liberty Live Group’s principal assets are its interests in Live Nation Entertainment, a global provider of live entertainment, concert promotion, venue operations and ticketing services.

See Also

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