Liberty Media Corporation – Liberty Live Series A (NASDAQ:LLYVA) Major Shareholder Purchases 28,333 Shares of Company Stock

Liberty Media Corporation – Liberty Live Series A (NASDAQ:LLYVA – Get Free Report) major shareholder John Malone acquired 28,333 shares of the firm’s stock in a transaction that occurred on Thursday, September 24th. The shares were bought at an average cost of $102.53 per share, for a total transaction of $2,904,982.49. Following the purchase, the insider owned 2,298,438 shares of the company’s stock, valued at approximately $235,658,848.14. The trade was a 1.25% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Liberty Media Corporation – Liberty Live Series A Stock Up 0.8%

Shares of LLYVA stock traded up $0.75 during trading hours on Monday, hitting $97.07. 139,104 shares of the company were exchanged, compared to its average volume of 207,660. Liberty Media Corporation – Liberty Live Series A has a 1 year low of $74.38 and a 1 year high of $106.06. The firm has a market cap of $8.93 billion, a PE ratio of -21.43 and a beta of 0.96. The firm has a fifty day moving average of $98.27 and a 200 day moving average of $96.26.

Liberty Media Corporation – Liberty Live Series A (NASDAQ:LLYVA – Get Free Report) last posted its 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 firm had revenue of $147.06 million during the quarter, compared to analyst estimates of $93.63 million. Analysts expect that Liberty Media Corporation – Liberty Live Series A will post -7.69 earnings per share for the current year.

Analyst Upgrades and Downgrades

LLYVA has been the subject of a number of analyst reports. Zacks Research lowered shares of Liberty Media Corporation – Liberty Live Series A from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 12th. Weiss Ratings restated a “sell (d-)” rating on shares of Liberty Media Corporation – Liberty Live Series A in a research report on Wednesday, August 26th. Two analysts have rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Get Our Latest Analysis on Liberty Media Corporation – Liberty Live Series A

Institutional Trading of Liberty Media Corporation – Liberty Live Series A

A number of hedge funds have recently made changes to their positions in the stock. Bank of America Corp DE raised its holdings in shares of Liberty Media Corporation – Liberty Live Series A by 10.3% during the first quarter. Bank of America Corp DE now owns 1,785,654 shares of the company’s stock worth $163,637,000 after acquiring an additional 167,098 shares in the last quarter. Amundi grew its stake in Liberty Media Corporation – Liberty Live Series A by 592.0% in the 1st quarter. Amundi now owns 1,309,994 shares of the company’s stock valued at $120,048,000 after buying an additional 1,120,684 shares during the last quarter. Principal Financial Group Inc. lifted its position in shares of Liberty Media Corporation – Liberty Live Series A by 0.8% during the 1st quarter. Principal Financial Group Inc. now owns 405,218 shares of the company’s stock worth $37,134,000 after purchasing an additional 3,201 shares during the last quarter. Highbridge Capital Management LLC raised its stake in Liberty Media Corporation – Liberty Live Series A by 1.0% during the 4th quarter. Highbridge Capital Management LLC now owns 210,332 shares of the company’s stock valued at $17,142,000 after purchasing an additional 2,153 shares during the last quarter. Finally, Hound Partners LLC acquired a new stake in Liberty Media Corporation – Liberty Live Series A during the first quarter worth about $10,268,000. 25.07% of the stock is owned by hedge funds and other institutional investors.

Liberty Media Corporation – Liberty Live Series A Company Profile

(Get Free Report)

Liberty Media Corporation’s Liberty Live Group is represented by Series A Liberty Live common stock, trading under the symbol LLYVA. The group is a tracking-stock structure rather than a separate legal entity, and its results are intended to reflect the performance of the assets and businesses attributed to Liberty Media’s Liberty Live Group.

The Liberty Live Group’s principal asset is its investment in Live Nation Entertainment, a global live entertainment company involved in concert promotion, venue operations and ticketing through businesses such as Ticketmaster.

See Also

Insider Buying and Selling by Quarter for Liberty Media Corporation - Liberty Live Series A (NASDAQ:LLYVA)

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