Liberty Media Corporation – Liberty Live Series A (NASDAQ:LLYVA) Hits New 1-Year High – What’s Next?

Shares of Liberty Media Corporation – Liberty Live Series A (NASDAQ:LLYVA) reached a new 52-week high on Wednesday. The company traded as high as $106.19 and last traded at $105.8270, with a volume of 39,072 shares traded. The stock had previously closed at $102.31.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on LLYVA shares. Weiss Ratings restated a “sell (d-)” rating on shares of Liberty Media Corporation – Liberty Live Series A in a research note on Wednesday, August 26th. Zacks Research upgraded Liberty Media Corporation – Liberty Live Series A from a “strong sell” rating to a “hold” rating in a research report on Friday, October 9th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Reduce”.

Liberty Media Corporation – Liberty Live Series A Stock Performance

The stock’s 50-day moving average price is $96.64 and its two-hundred day moving average price is $94.96. The stock has a market capitalization of $9.40 billion, a PE ratio of -22.55 and a beta of 0.95.

Liberty Media Corporation – Liberty Live Series A (NASDAQ:LLYVA) last issued its quarterly earnings results on Thursday, November 5th. The company reported $3.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $2.54. The business had revenue of $103.08 million for the quarter, compared to analysts’ expectations of $75.00 million. On average, analysts predict that Liberty Media Corporation – Liberty Live Series A will post -7.69 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Liberty Media Corporation – Liberty Live Series A news, major shareholder John Malone sold 29,593 shares of the firm’s stock in a transaction that occurred on Thursday, September 24th. The shares were sold at an average price of $98.16, for a total transaction of $2,904,848.88. Following the completion of the transaction, the insider owned 3,186,342 shares of the company’s stock, valued at approximately $312,771,330.72. This trade represents a 0.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.01% of the company’s stock.

Institutional Trading of Liberty Media Corporation – Liberty Live Series A

Hedge funds have recently made changes to their positions in the stock. Fifth Third Bancorp boosted its holdings in Liberty Media Corporation – Liberty Live Series A by 23,650.0% in the first quarter. Fifth Third Bancorp now owns 475 shares of the company’s stock worth $44,000 after acquiring an additional 473 shares in the last quarter. Farther Finance Advisors LLC grew its stake in shares of Liberty Media Corporation – Liberty Live Series A by 371.2% in the third quarter. Farther Finance Advisors LLC now owns 490 shares of the company’s stock worth $46,000 after acquiring an additional 386 shares during the last quarter. Parallel Advisors LLC grew its stake in shares of Liberty Media Corporation – Liberty Live Series A by 18.8% in the third quarter. Parallel Advisors LLC now owns 688 shares of the company’s stock worth $65,000 after acquiring an additional 109 shares during the last quarter. HB Wealth Management LLC increased its holdings in shares of Liberty Media Corporation – Liberty Live Series A by 22.1% during the first quarter. HB Wealth Management LLC now owns 3,946 shares of the company’s stock valued at $362,000 after acquiring an additional 715 shares in the last quarter. Finally, Sei Investments Co. increased its holdings in shares of Liberty Media Corporation – Liberty Live Series A by 34.1% during the first quarter. Sei Investments Co. now owns 4,585 shares of the company’s stock valued at $420,000 after acquiring an additional 1,166 shares in the last quarter. 25.07% of the stock is owned by institutional investors.

About Liberty Media Corporation – Liberty Live Series A

Liberty Media Corporation’s Liberty Live Group is represented by Liberty Live Series A, a tracking stock traded under the symbol LLYVA. The tracking stock is intended to reflect the performance of the Liberty Live Group, rather than the performance of Liberty Media’s other separately tracked businesses.

The Liberty Live Group’s principal assets are its interests in Live Nation Entertainment, a global provider of live entertainment, concert promotion, venue operations and ticketing services.