Liberty Media Corporation – Liberty Live Series A (NASDAQ:LLYVA) Hits New 52-Week High – Time to Buy?

Liberty Media Corporation – Liberty Live Series A (NASDAQ:LLYVA) shares hit a new 52-week high during trading on Wednesday . The stock traded as high as $99.82 and last traded at $98.0980, with a volume of 16195 shares traded. The stock had previously closed at $95.43.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Zacks Research cut shares of Liberty Media Corporation – Liberty Live Series A from a “hold” rating to a “strong sell” rating in a report on Wednesday, March 4th. Weiss Ratings restated a “sell (d)” rating on shares of Liberty Media Corporation – Liberty Live Series A in a report on Thursday, January 22nd. Two investment analysts have rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has an average rating of “Sell”.

Liberty Media Corporation – Liberty Live Series A Stock Up 2.7%

The company’s fifty day moving average is $90.58 and its 200 day moving average is $86.12. The firm has a market cap of $9.01 billion, a price-to-earnings ratio of -188.56 and a beta of 1.25.

Insider Buying and Selling

In other Liberty Media Corporation – Liberty Live Series A news, major shareholder Berkshire Hathaway Inc sold 7,685 shares of the stock in a transaction on Friday, January 16th. The shares were sold at an average price of $83.72, for a total value of $643,388.20. Following the completion of the sale, the insider owned 10,587,143 shares in the company, valued at $886,355,611.96. This trade represents a 0.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders have sold a total of 266,192 shares of company stock valued at $22,116,469 in the last ninety days. Company insiders own 0.01% of the company’s stock.

Institutional Trading of Liberty Media Corporation – Liberty Live Series A

Large investors have recently added to or reduced their stakes in the company. Highbridge Capital Management LLC lifted its stake in Liberty Media Corporation – Liberty Live Series A by 15.9% in the third quarter. Highbridge Capital Management LLC now owns 208,179 shares of the company’s stock valued at $19,631,000 after acquiring an additional 28,602 shares during the last quarter. Anfield Capital Management LLC acquired a new stake in Liberty Media Corporation – Liberty Live Series A in the third quarter valued at $2,321,000. JNE Partners LLP lifted its stake in Liberty Media Corporation – Liberty Live Series A by 53.3% in the third quarter. JNE Partners LLP now owns 368,121 shares of the company’s stock valued at $34,714,000 after acquiring an additional 128,000 shares during the last quarter. Principal Financial Group Inc. lifted its stake in Liberty Media Corporation – Liberty Live Series A by 933.4% in the third quarter. Principal Financial Group Inc. now owns 384,482 shares of the company’s stock valued at $36,257,000 after acquiring an additional 347,275 shares during the last quarter. Finally, Vanguard Group Inc. lifted its stake in Liberty Media Corporation – Liberty Live Series A by 1.7% in the third quarter. Vanguard Group Inc. now owns 2,039,881 shares of the company’s stock valued at $192,361,000 after acquiring an additional 33,550 shares during 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 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.