Cooper Investors PTY Ltd. Sells 25,888 Shares of Liberty Media Corporation - Liberty Live Series A $LLYVA

Key Points

• Cooper Investors PTY Ltd. cut its LLYVA position by 36.2% in the third quarter, selling 25,888 shares and retaining 45,586 shares valued at approximately $4.3 million.
• Institutional ownership changes were mixed, with Bank of America, Amundi, and California State Teachers Retirement System increasing their holdings; institutions collectively own 25.07% of the stock.
• LLYVA recently traded at $95.50, while analysts maintain a cautious outlook: the consensus rating is “Reduce,” following an earnings miss and an expected full-year loss of $7.69 per share.

Cooper Investors PTY Ltd. trimmed its holdings in Liberty Media Corporation - Liberty Live Series A (NASDAQ:LLYVA - Free Report) by 36.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 45,586 shares of the company's stock after selling 25,888 shares during the quarter. Liberty Media Corporation - Liberty Live Series A makes up approximately 2.3% of Cooper Investors PTY Ltd.'s holdings, making the stock its 12th biggest position. Cooper Investors PTY Ltd.'s holdings in Liberty Media Corporation - Liberty Live Series A were worth $4,314,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Farther Finance Advisors LLC boosted its holdings in shares of Liberty Media Corporation - Liberty Live Series A by 371.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 490 shares of the company's stock worth $46,000 after purchasing an additional 386 shares during the period. Maven Securities LTD bought a new position in Liberty Media Corporation - Liberty Live Series A in the second quarter worth approximately $1,364,000. Bank of America Corp DE grew its stake in Liberty Media Corporation - Liberty Live Series A by 10.3% in the first quarter. Bank of America Corp DE now owns 1,785,654 shares of the company's stock worth $163,637,000 after purchasing an additional 167,098 shares in the last quarter. Amundi increased its holdings in Liberty Media Corporation - Liberty Live Series A by 592.0% during the 1st quarter. Amundi now owns 1,309,994 shares of the company's stock worth $120,048,000 after purchasing an additional 1,120,684 shares during the period. Finally, California State Teachers Retirement System increased its holdings in Liberty Media Corporation - Liberty Live Series A by 28.9% during the 1st quarter. California State Teachers Retirement System now owns 22,674 shares of the company's stock worth $2,078,000 after purchasing an additional 5,077 shares during the period. Hedge funds and other institutional investors own 25.07% of the company's stock.

Liberty Media Corporation - Liberty Live Series A Price Performance

NASDAQ:LLYVA traded up $1.33 during mid-day trading on Tuesday, hitting $95.50. The company's stock had a trading volume of 175,771 shares, compared to its average volume of 203,768. Liberty Media Corporation - Liberty Live Series A has a 1 year low of $74.38 and a 1 year high of $106.06. The stock has a market cap of $8.79 billion, a price-to-earnings ratio of -21.08 and a beta of 0.98. The business's fifty day moving average is $97.70 and its two-hundred day moving average is $96.51.

Liberty Media Corporation - Liberty Live Series A (NASDAQ:LLYVA - Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The company reported ($2.92) earnings per share for the quarter, missing analysts' consensus estimates of $0.42 by ($3.34). The business had revenue of $147.06 million for the quarter, compared to analyst estimates of $93.63 million. Analysts anticipate that Liberty Media Corporation - Liberty Live Series A will post -7.69 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently commented on LLYVA. Zacks Research raised shares of Liberty Media Corporation - Liberty Live Series A from a "strong sell" rating to a "hold" rating in a research note on Friday. Weiss Ratings reissued 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. According to MarketBeat, the stock has a consensus rating of "Reduce".

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

In other news, major shareholder John Malone sold 29,593 shares of the business's stock in a transaction that occurred on Thursday, September 24th. The stock was sold at an average price of $98.16, for a total transaction of $2,904,848.88. Following the transaction, the insider directly owned 3,186,342 shares in the company, valued at $312,771,330.72. The trade was a 0.92% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.01% of the company's stock.

Liberty Media Corporation - Liberty Live Series A Profile

Liberty Media Corporation – Liberty Live Series A NASDAQ: LLYVA is a tracking stock representing an economic interest in Liberty Media's Liberty Live Group. The group's principal asset is its investment in Live Nation Entertainment, a global live-entertainment company. Because LLYVA is a tracking stock rather than an operating company with standalone products, its performance is largely associated with the assets, operations and results attributed to the Liberty Live Group.

Live Nation's businesses include concert promotion, music festivals, venue ownership and operation, ticketing through Ticketmaster, and sponsorship and advertising services.

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