Liberty Media Corporation - Liberty Live Series A (NASDAQ:LLYVA) Stock Price Down 3.4% - Here's Why

Key Points

• Liberty Media Corporation - Liberty Live Series A's stock price dropped 3.4% during trading, closing at $91.05 after hitting a low of $89.55.
• The company reported a significant earnings miss, with a loss of ($1.93) per share, falling short of analysts' expectations by ($3.15).
• Institutional investors showed increased activity, with notable stake increases, such as Deutsche Bank AG growing its stake by 567.7% in the first quarter.

Liberty Media Corporation - Liberty Live Series A (NASDAQ:LLYVA - Get Free Report)'s stock price was down 3.4% during trading on Wednesday . The company traded as low as $89.55 and last traded at $91.05. Approximately 18,011 shares changed hands during mid-day trading, a decline of 87% from the average daily volume of 134,309 shares. The stock had previously closed at $94.30.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded shares of Liberty Media Corporation - Liberty Live Series A to a "hold" rating in a research report on Tuesday, September 9th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold".

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

The stock's 50 day moving average price is $90.90 and its two-hundred day moving average price is $79.11. The firm has a market capitalization of $8.54 billion, a PE ratio of -29.79 and a beta of 1.39.

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

Institutional Trading of Liberty Media Corporation - Liberty Live Series A

Several hedge funds and other institutional investors have recently bought and sold shares of LLYVA. Deutsche Bank AG grew its stake in shares of Liberty Media Corporation - Liberty Live Series A by 567.7% during the 1st quarter. Deutsche Bank AG now owns 548,176 shares of the company's stock valued at $36,859,000 after buying an additional 466,082 shares during the period. Wealthquest Corp purchased a new stake in shares of Liberty Media Corporation - Liberty Live Series A during the 1st quarter valued at $25,108,000. JNE Partners LLP grew its stake in shares of Liberty Media Corporation - Liberty Live Series A by 7,067.8% during the 1st quarter. JNE Partners LLP now owns 240,121 shares of the company's stock valued at $16,146,000 after buying an additional 236,771 shares during the period. SG Americas Securities LLC grew its stake in shares of Liberty Media Corporation - Liberty Live Series A by 724.2% during the 1st quarter. SG Americas Securities LLC now owns 165,450 shares of the company's stock valued at $11,125,000 after buying an additional 145,375 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Liberty Media Corporation - Liberty Live Series A by 56.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 386,705 shares of the company's stock valued at $30,735,000 after acquiring an additional 139,055 shares in the last quarter. 25.07% of the stock is owned by hedge funds and other 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.

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