Liberty Media Corporation - Liberty Live Series A (NASDAQ:LLYVA) Lowered to Strong Sell Rating by Zacks Research

Key Points

• Zacks Research downgraded LLYVA from “hold” to “strong sell,” while Weiss Ratings maintained a “sell (D-)” rating. MarketBeat data shows a consensus “Sell” rating from two analysts.
• The stock opened at $104.18 and is near its 12-month high of $105.47, with a market capitalization of approximately $9.58 billion.
• Liberty Live Series A 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.

Liberty Media Corporation - Liberty Live Series A (NASDAQ:LLYVA - Get Free Report) was downgraded by equities researchers at Zacks Research from a "hold" rating to a "strong sell" rating in a research report issued on Wednesday,Zacks.com reports.

Separately, Weiss Ratings reissued a "sell (d-)" rating on shares of Liberty Media Corporation - Liberty Live Series A in a research note on Friday, May 29th. Two equities research analysts have rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has a consensus rating of "Sell".

Liberty Media Corporation - Liberty Live Series A Trading Up 1.4%

Liberty Media Corporation - Liberty Live Series A stock opened at $104.18 on Wednesday. The firm has a 50 day moving average of $98.56 and a 200 day moving average of $94.32. The firm has a market capitalization of $9.58 billion, a price-to-earnings ratio of -23.00 and a beta of 0.95. Liberty Media Corporation - Liberty Live Series A has a 12-month low of $74.38 and a 12-month high of $105.47.

Liberty Media Corporation - Liberty Live Series A (NASDAQ:LLYVA - Get Free Report) last released its earnings results on Thursday, August 6th. The company reported ($2.92) EPS for the quarter, missing analysts' consensus estimates of $0.42 by ($3.34). The business had revenue of $147.06 million for the quarter, compared to the consensus estimate of $93.63 million. On average, analysts predict that Liberty Media Corporation - Liberty Live Series A will post -7.69 EPS for the current year.

Institutional Trading of Liberty Media Corporation - Liberty Live Series A

Several institutional investors and hedge funds have recently added to or reduced their stakes in LLYVA. Quarry LP bought a new position in Liberty Media Corporation - Liberty Live Series A in the 4th quarter worth approximately $29,000. Fifth Third Bancorp grew its holdings in Liberty Media Corporation - Liberty Live Series A by 23,650.0% during the 1st quarter. Fifth Third Bancorp now owns 475 shares of the company's stock valued at $44,000 after buying 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 during the fourth quarter valued at approximately $42,000. Arax Advisory Partners purchased a new position in shares of Liberty Media Corporation - Liberty Live Series A in the fourth quarter worth $42,000. Finally, Tower Research Capital LLC TRC lifted its holdings in shares of Liberty Media Corporation - Liberty Live Series A by 495.5% in the second quarter. Tower Research Capital LLC TRC now owns 1,459 shares of the company's stock worth $116,000 after buying an additional 1,214 shares in the last quarter. Institutional investors own 25.07% of the company's stock.

Liberty Media Corporation - Liberty Live Series A Company Profile

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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