Liberty Media Corporation – Liberty Live Series A (NASDAQ:LLYVA) Releases Quarterly Earnings Results, Misses Estimates By $3.34 EPS

Liberty Media Corporation – Liberty Live Series A (NASDAQ:LLYVAGet Free Report) released its quarterly earnings results on Thursday. The company reported ($2.92) earnings per share for the quarter, missing the consensus estimate of $0.42 by ($3.34), Zacks reports. The company had revenue of $147.06 million for the quarter, compared to analysts’ expectations of $93.63 million.

Liberty Media Corporation – Liberty Live Series A Stock Performance

Liberty Media Corporation – Liberty Live Series A stock traded down $0.83 during midday trading on Friday, reaching $98.78. The company’s stock had a trading volume of 83,922 shares, compared to its average volume of 150,102. Liberty Media Corporation – Liberty Live Series A has a fifty-two week low of $74.38 and a fifty-two week high of $105.47. The stock’s 50 day simple moving average is $97.86 and its 200 day simple moving average is $93.66. The firm has a market capitalization of $9.09 billion, a PE ratio of -21.81 and a beta of 0.95.

Analyst Upgrades and Downgrades

LLYVA has been the topic of a number of recent research reports. 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. Zacks Research upgraded Liberty Media Corporation – Liberty Live Series A from a “strong sell” rating to a “hold” rating in a report on Friday, July 10th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Reduce”.

View Our Latest Report on Liberty Media Corporation – Liberty Live Series A

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

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Quarry LP acquired a new position in Liberty Media Corporation – Liberty Live Series A in the 4th quarter valued at about $29,000. Arax Advisory Partners acquired a new position in shares of Liberty Media Corporation – Liberty Live Series A in the 4th quarter valued at about $42,000. Tower Research Capital LLC TRC raised its stake in shares of Liberty Media Corporation – Liberty Live Series A by 495.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,459 shares of the company’s stock valued at $116,000 after acquiring an additional 1,214 shares during the period. US Bancorp DE lifted its stake in shares of Liberty Media Corporation – Liberty Live Series A by 51.8% during the third quarter. US Bancorp DE now owns 1,469 shares of the company’s stock worth $139,000 after purchasing an additional 501 shares in the last quarter. Finally, State of Wyoming acquired a new position in shares of Liberty Media Corporation – Liberty Live Series A during the fourth quarter worth $165,000. 25.07% of the stock is currently owned by institutional investors and hedge funds.

Liberty Media Corporation – Liberty Live Series A Company Profile

(Get Free Report)

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.

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Earnings History for Liberty Media Corporation - Liberty Live Series A (NASDAQ:LLYVA)

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