Liberty Media Corporation – Liberty Live Series A (NASDAQ:LLYVA) Hits New 1-Year High – Time to Buy?

Shares of Liberty Media Corporation – Liberty Live Series A (NASDAQ:LLYVA) hit a new 52-week high during mid-day trading on Friday . The company traded as high as $105.82 and last traded at $106.05, with a volume of 6044 shares changing hands. The stock had previously closed at $104.18.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Liberty Media Corporation – Liberty Live Series A in a report on Friday, May 29th. Zacks Research cut Liberty Media Corporation – Liberty Live Series A from a “hold” rating to a “strong sell” rating in a research report on Wednesday. Two investment analysts have rated the stock with a Sell rating, According to MarketBeat.com, the stock has an average rating of “Sell”.

Liberty Media Corporation – Liberty Live Series A Price Performance

The stock has a market capitalization of $9.72 billion, a P/E ratio of -23.32 and a beta of 0.95. The company’s 50 day simple moving average is $98.56 and its two-hundred day simple moving average is $94.32.

Liberty Media Corporation – Liberty Live Series A (NASDAQ:LLYVA) last announced its earnings results on Thursday, August 6th. The company reported ($2.92) EPS for the quarter, missing the consensus estimate 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. On average, research analysts anticipate that Liberty Media Corporation – Liberty Live Series A will post -7.69 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bank of America Corp DE grew its holdings in Liberty Media Corporation – Liberty Live Series A by 10.3% during the 1st 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 during the last quarter. Amundi grew 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 during the last quarter. California State Teachers Retirement System increased its holdings in shares of Liberty Media Corporation – Liberty Live Series A by 28.9% in the first quarter. California State Teachers Retirement System now owns 22,674 shares of the company’s stock valued at $2,078,000 after purchasing an additional 5,077 shares in the last quarter. Royal Bank of Canada increased its holdings in shares of Liberty Media Corporation – Liberty Live Series A by 2,605.3% in the first quarter. Royal Bank of Canada now owns 31,327 shares of the company’s stock valued at $2,870,000 after purchasing an additional 30,169 shares in the last quarter. Finally, Quantinno Capital Management LP raised its position in Liberty Media Corporation – Liberty Live Series A by 13.9% in the 1st quarter. Quantinno Capital Management LP now owns 94,497 shares of the company’s stock worth $8,660,000 after purchasing an additional 11,543 shares during the last quarter. Institutional investors and hedge funds own 25.07% of the company’s stock.

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.