Liberty Media Corporation - Liberty Live Series A (NASDAQ:LLYVA) Sets New 52-Week High - Here's Why

Key Points

• Liberty Media Corporation - Liberty Live Series A (NASDAQ:LLYVA) reached a new 52-week high of $85.21 before closing at $83.70.
• The company reported a quarterly earnings per share (EPS) of ($0.18), missing the consensus estimate by ($0.22).
• Director Chase Carey sold 100,000 shares of the company at an average price of $96.38, resulting in a significant 51.79% decrease in their ownership.

Liberty Media Corporation - Liberty Live Series A (NASDAQ:LLYVA - Get Free Report)'s share price reached a new 52-week high on Tuesday . The stock traded as high as $85.21 and last traded at $83.70, with a volume of 217598 shares changing hands. The stock had previously closed at $83.38.

Liberty Media Corporation - Liberty Live Series A Stock Performance

The company has a market cap of $7.37 billion, a PE ratio of 296.72 and a beta of 1.38. The business's 50-day moving average is $77.68 and its 200 day moving average is $72.90.

Liberty Media Corporation - Liberty Live Series A (NASDAQ:LLYVA - Get Free Report) last issued its earnings results on Wednesday, May 7th. The company reported ($0.18) EPS for the quarter, missing analysts' consensus estimates of $0.04 by ($0.22).

Insider Activity

In other Liberty Media Corporation - Liberty Live Series A news, Director Chase Carey sold 100,000 shares of the business's stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $96.38, for a total value of $9,638,000.00. Following the transaction, the director owned 93,102 shares in the company, valued at approximately $8,973,170.76. The trade was a 51.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

A number of large investors have recently modified their holdings of the stock. Parallel Advisors LLC boosted its stake in Liberty Media Corporation - Liberty Live Series A by 170.8% during the first quarter. Parallel Advisors LLC now owns 566 shares of the company's stock worth $38,000 after acquiring an additional 357 shares in the last quarter. Sterling Capital Management LLC boosted its stake in Liberty Media Corporation - Liberty Live Series A by 65.2% during the fourth quarter. Sterling Capital Management LLC now owns 1,178 shares of the company's stock worth $78,000 after acquiring an additional 465 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in Liberty Media Corporation - Liberty Live Series A by 215.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,361 shares of the company's stock worth $91,000 after acquiring an additional 929 shares in the last quarter. CWM LLC boosted its stake in Liberty Media Corporation - Liberty Live Series A by 35.0% during the second quarter. CWM LLC now owns 1,251 shares of the company's stock worth $99,000 after acquiring an additional 324 shares in the last quarter. Finally, State of Wyoming bought a new stake in Liberty Media Corporation - Liberty Live Series A during the first quarter worth about $112,000. Institutional investors own 25.07% of the company's stock.

Liberty Media Corporation - Liberty Live Series A Company Profile

Liberty Live Group operates in the media, communications, and entertainment industries primarily in North America and the United Kingdom. The company is headquartered in Englewood, Colorado.