Liberty Media Corporation – Liberty Live Series A (NASDAQ:LLYVA) Sees Unusually-High Trading Volume – What’s Next?

Shares of Liberty Media Corporation – Liberty Live Series A (NASDAQ:LLYVA) saw unusually-strong trading volume on Tuesday . Approximately 1,219,469 shares changed hands during mid-day trading, an increase of 494% from the previous session’s volume of 205,399 shares.The stock last traded at $97.03 and had previously closed at $95.93.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded shares of Liberty Media Corporation – Liberty Live Series A from a “strong sell” rating to a “hold” rating in a research note on Friday, May 1st. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Reduce”.

Liberty Media Corporation – Liberty Live Series A Stock Performance

The firm has a market capitalization of $8.88 billion, a P/E ratio of -27.27 and a beta of 0.96. The stock’s 50 day simple moving average is $93.29 and its 200 day simple moving average is $87.20.

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

Hedge Funds 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 LLYVA. Amundi boosted its stake in shares of Liberty Media Corporation – Liberty Live Series A by 592.0% during the first quarter. Amundi now owns 1,309,994 shares of the company’s stock valued at $120,048,000 after purchasing an additional 1,120,684 shares in the last quarter. SG Americas Securities LLC purchased a new stake in Liberty Media Corporation – Liberty Live Series A during the fourth quarter valued at approximately $35,661,000. Principal Financial Group Inc. lifted its position in Liberty Media Corporation – Liberty Live Series A by 933.4% during 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. Virtu Financial LLC lifted its position in Liberty Media Corporation – Liberty Live Series A by 133.7% during the third quarter. Virtu Financial LLC now owns 356,459 shares of the company’s stock valued at $33,614,000 after acquiring an additional 203,902 shares during the last quarter. Finally, Bank of America Corp DE lifted its position in 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 valued at $163,637,000 after acquiring an additional 167,098 shares during the last quarter. 25.07% of the stock is currently owned by institutional investors.

Liberty Media Corporation – Liberty Live Series A Company Profile

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.