Liberty Media Corporation – Liberty Live Series A (NASDAQ:LLYVA) Announces Earnings Results

Liberty Media Corporation – Liberty Live Series A (NASDAQ:LLYVA) issued its earnings results on Thursday. The company reported $3.60 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $2.54, Zacks reports. The firm had revenue of $103.08 million for the quarter, compared to analysts’ expectations of $75.00 million.

Liberty Media Corporation – Liberty Live Series A Stock Performance

Shares of LLYVA stock traded down $1.71 during trading hours on Friday, hitting $102.14. The company had a trading volume of 188,204 shares, compared to its average volume of 159,184. The company’s fifty day moving average is $96.69 and its 200 day moving average is $95.06. Liberty Media Corporation – Liberty Live Series A has a fifty-two week low of $74.38 and a fifty-two week high of $108.60.

Insider Buying and Selling at Liberty Media Corporation – Liberty Live Series A

In related news, major shareholder John Malone sold 29,593 shares of the business’s stock in a transaction on Thursday, September 24th. The stock was sold at an average price of $98.16, for a total value of $2,904,848.88. Following the sale, the insider owned 3,186,342 shares in the company, valued at approximately $312,771,330.72. The trade was a 0.92% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.01% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Zacks Research upgraded shares of Liberty Media Corporation – Liberty Live Series A from a “strong sell” rating to a “hold” rating in a report on Friday, October 9th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Liberty Media Corporation – Liberty Live Series A in a research report on Wednesday, August 26th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Liberty Media Corporation – Liberty Live Series A presently has a consensus rating of “Reduce”.

Liberty Media Corporation – Liberty Live Series A Company Profile

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.