Liberty Media Corporation - Liberty Live Series A (LLYVA) Projected to Post Quarterly Earnings on Wednesday

Key Points

• Liberty Live (NASDAQ:LLYVA) is expected to report quarterly results before the market opens on Wednesday, May 6, with analysts projecting ($0.13) EPS and $70.4 million in revenue.
• The stock opened at $90.71, carries a market capitalization of $8.34 billion and a negative P/E of -174.44, and has a 12‑month trading range of $68.06–$99.82.
• Analysts’ consensus is an average "Sell" rating after recent downgrades, while institutional investors own about 25.07% of the shares, with several funds modestly increasing positions.

Liberty Media Corporation - Liberty Live Series A (NASDAQ:LLYVA - Get Free Report) is expected to be issuing its results before the market opens on Wednesday, May 6th. Analysts expect the company to announce earnings of ($0.13) per share and revenue of $70.40 million for the quarter.

Liberty Media Corporation - Liberty Live Series A Price Performance

Shares of NASDAQ:LLYVA opened at $90.71 on Wednesday. The firm has a market capitalization of $8.34 billion, a PE ratio of -174.44 and a beta of 1.25. The business has a 50-day moving average of $93.45 and a two-hundred day moving average of $86.46. Liberty Media Corporation - Liberty Live Series A has a 12 month low of $68.06 and a 12 month high of $99.82.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. 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, March 4th. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Liberty Media Corporation - Liberty Live Series A in a research report on Thursday, January 22nd. Two investment analysts have rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has an average rating of "Sell".

Institutional Investors Weigh In On Liberty Media Corporation - Liberty Live Series A

Institutional investors and hedge funds have recently modified their holdings of the stock. Algert Global LLC purchased a new position in Liberty Media Corporation - Liberty Live Series A in the third quarter valued at about $520,000. Alliancebernstein L.P. boosted its holdings in Liberty Media Corporation - Liberty Live Series A by 12.4% in the third quarter. Alliancebernstein L.P. now owns 4,575 shares of the company's stock valued at $431,000 after purchasing an additional 504 shares during the last quarter. Quantbot Technologies LP boosted its holdings in Liberty Media Corporation - Liberty Live Series A by 72.3% in the second quarter. Quantbot Technologies LP now owns 4,874 shares of the company's stock valued at $387,000 after purchasing an additional 2,045 shares during the last quarter. Mercer Global Advisors Inc. ADV boosted its holdings in Liberty Media Corporation - Liberty Live Series A by 66.4% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 4,224 shares of the company's stock valued at $344,000 after purchasing an additional 1,685 shares during the last quarter. Finally, Evergreen Capital Management LLC boosted its holdings in Liberty Media Corporation - Liberty Live Series A by 21.9% in the second quarter. Evergreen Capital Management LLC now owns 3,889 shares of the company's stock valued at $309,000 after purchasing an additional 699 shares during the last quarter. Hedge funds and other institutional investors own 25.07% of the company's stock.

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.

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