Liberty Media Corporation - Liberty Live Series A (NASDAQ:LLYVA) Hits New 52-Week High - Still a Buy?

Key Points

• Liberty Media Corporation's stock for Liberty Live Series A (NASDAQ:LLYVA) reached a new 52-week high of $97.57, representing a 3.7% increase from the previous close of $93.88.
• The company reported disappointing earnings, with an EPS of ($1.93), significantly missing analyst expectations of $1.22.
• Institutional investors have been increasing their stakes in Liberty Media, with notable raises from firms like ValueAct Holdings LP and Deutsche Bank AG.

Liberty Media Corporation - Liberty Live Series A (NASDAQ:LLYVA - Get Free Report)'s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as $97.57 and last traded at $97.39, with a volume of 105430 shares trading hands. The stock had previously closed at $93.88.

Liberty Media Corporation - Liberty Live Series A Stock Up 3.7%

The stock has a market capitalization of $8.95 billion, a price-to-earnings ratio of -31.21 and a beta of 1.39. The stock's 50-day simple moving average is $85.57 and its 200 day simple moving average is $76.17.

Liberty Media Corporation - Liberty Live Series A (NASDAQ:LLYVA - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported ($1.93) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.22 by ($3.15).

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

A number of institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. raised its stake in shares of Liberty Media Corporation - Liberty Live Series A by 0.9% during the first quarter. Vanguard Group Inc. now owns 2,021,655 shares of the company's stock worth $135,936,000 after buying an additional 18,871 shares during the last quarter. ValueAct Holdings L.P. raised its stake in shares of Liberty Media Corporation - Liberty Live Series A by 88.8% during the fourth quarter. ValueAct Holdings L.P. now owns 1,268,448 shares of the company's stock worth $84,428,000 after buying an additional 596,648 shares during the last quarter. Sculptor Capital LP raised its stake in shares of Liberty Media Corporation - Liberty Live Series A by 8.4% during the fourth quarter. Sculptor Capital LP now owns 1,100,000 shares of the company's stock worth $73,216,000 after buying an additional 84,875 shares during the last quarter. Pentwater Capital Management LP raised its stake in shares of Liberty Media Corporation - Liberty Live Series A by 0.6% during the first quarter. Pentwater Capital Management LP now owns 615,000 shares of the company's stock worth $41,353,000 after buying an additional 3,500 shares during the last quarter. Finally, Deutsche Bank AG increased its stake in Liberty Media Corporation - Liberty Live Series A by 567.7% in the first quarter. Deutsche Bank AG now owns 548,176 shares of the company's stock valued at $36,859,000 after purchasing an additional 466,082 shares in the last quarter. 25.07% of the stock is owned by institutional investors.

About Liberty Media Corporation - Liberty Live Series A

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.