Liberty Media Corporation - Liberty Live Series A (NASDAQ:LLYVA) Hits New 12-Month High - What's Next?

Key Points

• LLYVA reached a new 52-week high, trading as high as $105.82 and last at $106.05, giving the company a market capitalization of approximately $9.72 billion.
• Analyst sentiment is notably bearish: Zacks Research downgraded the stock to “strong sell,” Weiss Ratings maintained a “sell” rating, and MarketBeat reports an average rating of “Sell.”
• The company reported a quarterly loss of $2.92 per share, missing the $0.42 consensus estimate by $3.34, despite revenue of $147.06 million exceeding expectations; analysts project a full-year loss of $7.69 per share.

Liberty Media Corporation - Liberty Live Series A (NASDAQ:LLYVA - Get Free Report)'s stock price hit a new 52-week high on Friday . The company traded as high as $105.82 and last traded at $106.05, with a volume of 6044 shares. The stock had previously closed at $104.18.

Wall Street Analyst Weigh In

Several research firms recently weighed in on LLYVA. Zacks Research lowered Liberty Media Corporation - Liberty Live Series A from a "hold" rating to a "strong sell" rating in a report on Wednesday. Weiss Ratings restated a "sell (d-)" rating on shares of Liberty Media Corporation - Liberty Live Series A in a research note on Friday, May 29th. Two investment analysts have rated the stock with a Sell rating, Based on data from MarketBeat.com, Liberty Media Corporation - Liberty Live Series A presently has an average rating of "Sell".

Liberty Media Corporation - Liberty Live Series A Price Performance

The business has a 50 day moving average price of $98.56 and a 200 day moving average price of $94.32. The firm has a market capitalization of $9.72 billion, a P/E ratio of -23.32 and a beta of 0.95.

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

Hedge Funds Weigh In On Liberty Media Corporation - Liberty Live Series A

Institutional investors and hedge funds have recently bought and sold shares of the stock. Quarry LP acquired a new stake in Liberty Media Corporation - Liberty Live Series A in the 4th quarter worth $29,000. Fifth Third Bancorp raised its holdings in Liberty Media Corporation - Liberty Live Series A by 23,650.0% in the 1st quarter. Fifth Third Bancorp now owns 475 shares of the company's stock valued at $44,000 after acquiring an additional 473 shares in the last quarter. Camelot Portfolios LLC bought a new stake in shares of Liberty Media Corporation - Liberty Live Series A in the 4th quarter worth approximately $42,000. Arax Advisory Partners acquired a new stake in shares of Liberty Media Corporation - Liberty Live Series A during the 4th quarter worth approximately $42,000. Finally, Tower Research Capital LLC TRC increased its position in shares of Liberty Media Corporation - Liberty Live Series A by 495.5% during the second quarter. Tower Research Capital LLC TRC now owns 1,459 shares of the company's stock valued at $116,000 after purchasing an additional 1,214 shares during the period. 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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