Royal Bank of Canada Grows Stock Position in Liberty Media Corporation - Liberty Live Series A $LLYVA

Key Points

• Royal Bank of Canada increased its LLYVA stake by 2,605.3% in the first quarter, ending with 31,327 shares valued at approximately $2.87 million. Institutional investors collectively own 25.07% of the stock.
• Liberty Live Series A reported a quarterly loss of $2.92 per share, missing the $0.42 consensus estimate, although revenue of $147.06 million exceeded expectations of $93.63 million.
• Shares opened at $104.99, near their 52-week high of $106.06, but analysts remain bearish: LLYVA has a consensus rating of “Sell”, with recent downgrades from Zacks Research and Weiss Ratings.

Royal Bank of Canada boosted its holdings in Liberty Media Corporation - Liberty Live Series A (NASDAQ:LLYVA - Free Report) by 2,605.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 31,327 shares of the company's stock after acquiring an additional 30,169 shares during the period. Royal Bank of Canada's holdings in Liberty Media Corporation - Liberty Live Series A were worth $2,870,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in LLYVA. Quarry LP acquired a new stake in Liberty Media Corporation - Liberty Live Series A during the fourth quarter worth $29,000. Camelot Portfolios LLC acquired a new position in shares of Liberty Media Corporation - Liberty Live Series A in the 4th quarter valued at $42,000. Arax Advisory Partners acquired a new position in shares of Liberty Media Corporation - Liberty Live Series A in the 4th quarter valued at $42,000. Fifth Third Bancorp grew its holdings in shares of Liberty Media Corporation - Liberty Live Series A by 23,650.0% during the 1st quarter. Fifth Third Bancorp now owns 475 shares of the company's stock worth $44,000 after purchasing an additional 473 shares during the period. Finally, Tower Research Capital LLC TRC grew its holdings in shares of Liberty Media Corporation - Liberty Live Series A by 495.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,459 shares of the company's stock worth $116,000 after purchasing an additional 1,214 shares during the period. 25.07% of the stock is currently owned by hedge funds and other institutional investors.

Liberty Media Corporation - Liberty Live Series A Stock Performance

Liberty Media Corporation - Liberty Live Series A stock opened at $104.99 on Friday. The company has a market capitalization of $9.66 billion, a PE ratio of -23.18 and a beta of 0.95. Liberty Media Corporation - Liberty Live Series A has a fifty-two week low of $74.38 and a fifty-two week high of $106.06. The firm has a 50 day moving average price of $98.85 and a 200 day moving average price of $94.39.

Liberty Media Corporation - Liberty Live Series A (NASDAQ:LLYVA - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The company reported ($2.92) EPS for the quarter, missing analysts' consensus estimates of $0.42 by ($3.34). The business had revenue of $147.06 million during the quarter, compared to the consensus estimate of $93.63 million. As a group, equities research analysts forecast that Liberty Media Corporation - Liberty Live Series A will post -7.69 earnings per share for the current year.

Analyst Ratings Changes

LLYVA has been the subject of a number of recent analyst reports. Zacks Research downgraded Liberty Media Corporation - Liberty Live Series A from a "hold" rating to a "strong sell" rating in a research report on Wednesday. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Liberty Media Corporation - Liberty Live Series A in a research report on Friday, May 29th. Two investment analysts have rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has a consensus rating of "Sell".

About Liberty Media Corporation - Liberty Live Series A

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.

Want to see what other hedge funds are holding LLYVA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Liberty Media Corporation - Liberty Live Series A (NASDAQ:LLYVA - Free Report).

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