Liberty Media Corporation - Liberty Live Series A (NASDAQ:LLYVA) Major Shareholder John Malone Buys 28,333 Shares of Stock

Key Points

• John Malone bought 28,333 LLYVA shares at an average price of $102.53, investing approximately $2.9 million and increasing his direct ownership by 1.25% to 2.3 million shares.
• LLYVA shares recently traded at $97.07, with a market capitalization of about $8.93 billion. The company reported a quarterly loss of $2.92 per share, substantially missing estimates, despite revenue exceeding expectations.
• Analyst sentiment remains negative: Weiss Ratings maintained a “sell” rating, Zacks Research downgraded the stock to “strong sell,” and the overall consensus rating is “Sell.”

Liberty Media Corporation - Liberty Live Series A (NASDAQ:LLYVA - Get Free Report) major shareholder John Malone acquired 28,333 shares of the firm's stock in a transaction that occurred on Thursday, September 24th. The shares were bought at an average price of $102.53 per share, with a total value of $2,904,982.49. Following the completion of the purchase, the insider directly owned 2,298,438 shares in the company, valued at $235,658,848.14. The trade was a 1.25% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own at least 10% of a company's stock are required to disclose their transactions with the SEC.

Liberty Media Corporation - Liberty Live Series A Trading Up 0.8%

Shares of LLYVA stock traded up $0.75 during trading hours on Monday, reaching $97.07. 139,104 shares of the company's stock were exchanged, compared to its average volume of 207,660. The company has a market cap of $8.93 billion, a price-to-earnings ratio of -21.43 and a beta of 0.96. 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 stock's 50 day moving average is $98.27 and its 200-day moving average is $96.26.

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

Analysts Set New Price Targets

LLYVA has been the subject of several recent analyst reports. Weiss Ratings reissued a "sell (d-)" rating on shares of Liberty Media Corporation - Liberty Live Series A in a report on Wednesday, August 26th. Zacks Research lowered Liberty Media Corporation - Liberty Live Series A from a "hold" rating to a "strong sell" rating in a report on Wednesday, August 12th. Two research analysts have rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has a consensus rating of "Sell".

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Amundi boosted its stake 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. Bank of America Corp DE grew its holdings in Liberty Media Corporation - Liberty Live Series A by 10.3% during the first 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 period. Hound Partners LLC acquired a new position in shares of Liberty Media Corporation - Liberty Live Series A during the 1st quarter worth $10,268,000. ING Groep NV boosted its holdings in Liberty Media Corporation - Liberty Live Series A by 140.4% during the fourth quarter. ING Groep NV now owns 118,500 shares of the company's stock worth $9,658,000 after buying an additional 69,200 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Liberty Media Corporation - Liberty Live Series A during the 1st quarter valued at approximately $5,608,000. 25.07% of the stock is currently owned by hedge funds and other institutional investors.

About Liberty Media Corporation - Liberty Live Series A

Liberty Media Corporation's Liberty Live Group is represented by Series A Liberty Live common stock, trading under the symbol LLYVA. The group is a tracking-stock structure rather than a separate legal entity, and its results are intended to reflect the performance of the assets and businesses attributed to Liberty Media's Liberty Live Group.

The Liberty Live Group's principal asset is its investment in Live Nation Entertainment, a global live entertainment company involved in concert promotion, venue operations and ticketing through businesses such as Ticketmaster.

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