Liberty Media Corporation – Liberty Live Series A (NASDAQ:LLYVA) Downgraded to Strong Sell Rating by Zacks Research

Liberty Media Corporation – Liberty Live Series A (NASDAQ:LLYVA) was downgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued to investors on Monday,Zacks.com reports.

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Liberty Media Corporation – Liberty Live Series A in a research note on Friday. Two analysts have rated the stock with a Sell rating, According to MarketBeat, Liberty Media Corporation – Liberty Live Series A presently has an average rating of “Sell”.

Liberty Media Corporation – Liberty Live Series A Price Performance

Liberty Media Corporation – Liberty Live Series A stock opened at $95.26 on Monday. Liberty Media Corporation – Liberty Live Series A has a 1-year low of $71.25 and a 1-year high of $99.82. The stock has a market cap of $8.76 billion, a PE ratio of -26.91 and a beta of 0.95. The stock’s fifty day moving average is $93.69 and its two-hundred day moving average is $87.68.

Liberty Media Corporation – Liberty Live Series A (NASDAQ:LLYVA) last posted its quarterly earnings results on Thursday, May 7th. The company reported ($3.20) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by ($3.07). The business had revenue of $63.62 million during the quarter, compared to the consensus estimate of $70.40 million. On average, research analysts expect that Liberty Media Corporation – Liberty Live Series A will post -3.3 earnings per share for the current fiscal year.

Institutional Trading of Liberty Media Corporation – Liberty Live Series A

A number of hedge funds and other institutional investors have recently made changes to their positions in LLYVA. AQR Capital Management LLC increased its position in shares of Liberty Media Corporation – Liberty Live Series A by 14.9% during the first quarter. AQR Capital Management LLC now owns 9,907 shares of the company’s stock worth $666,000 after purchasing an additional 1,285 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new stake in shares of Liberty Media Corporation – Liberty Live Series A during the first quarter worth about $282,000. Goldman Sachs Group Inc. increased its position in shares of Liberty Media Corporation – Liberty Live Series A by 16.8% during the first quarter. Goldman Sachs Group Inc. now owns 41,392 shares of the company’s stock worth $2,783,000 after purchasing an additional 5,945 shares in the last quarter. Quantbot Technologies LP increased its position in shares of Liberty Media Corporation – Liberty Live Series A by 72.3% during the second quarter. Quantbot Technologies LP now owns 4,874 shares of the company’s stock worth $387,000 after purchasing an additional 2,045 shares in the last quarter. Finally, Invesco Ltd. increased its position in shares of Liberty Media Corporation – Liberty Live Series A by 23.0% during the second quarter. Invesco Ltd. now owns 27,675 shares of the company’s stock worth $2,200,000 after purchasing an additional 5,171 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 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.