Liberty Media Corporation - Liberty Live Series A (NASDAQ:LLYVA) Hits New 52-Week High - What's Next?

Key Points

• LLYVA reached a new 52-week high, trading as high as $106.19 and last at $105.827, up from its previous close of $102.31.
• Analyst sentiment is cautious: the stock has an average “Reduce” rating, with one analyst rating it Hold and one Sell. Its latest quarterly results missed EPS expectations, reporting a loss of $2.92 per share versus a consensus estimate of $0.42 per share.
• Major shareholder John Malone sold 29,593 shares at an average price of $98.16, reducing his ownership by 0.92%; he retained about 3.19 million shares.

Liberty Media Corporation - Liberty Live Series A (NASDAQ:LLYVA - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Wednesday. The company traded as high as $106.19 and last traded at $105.8270, with a volume of 39,072 shares. The stock had previously closed at $102.31.

Wall Street Analyst Weigh In

LLYVA has been the topic of several research reports. Weiss Ratings reissued a "sell (d-)" rating on shares of Liberty Media Corporation - Liberty Live Series A in a research note on Wednesday, August 26th. Zacks Research raised shares of Liberty Media Corporation - Liberty Live Series A from a "strong sell" rating to a "hold" rating in a research note on Friday, October 9th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Reduce".

Liberty Media Corporation - Liberty Live Series A Price Performance

The company has a market cap of $9.72 billion, a price-to-earnings ratio of -23.35 and a beta of 0.95. The firm has a 50 day simple moving average of $96.55 and a 200-day simple moving average of $94.73.

Liberty Media Corporation - Liberty Live Series A (NASDAQ:LLYVA - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The company reported ($2.92) earnings per share (EPS) 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. Research analysts anticipate that Liberty Media Corporation - Liberty Live Series A will post -7.69 EPS for the current fiscal year.

Insiders Place Their Bets

In other Liberty Media Corporation - Liberty Live Series A news, major shareholder John Malone sold 29,593 shares of the business's stock in a transaction dated Thursday, September 24th. The shares were sold at an average price of $98.16, for a total transaction of $2,904,848.88. Following the sale, the insider directly owned 3,186,342 shares in the company, valued at $312,771,330.72. This represents a 0.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.01% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Fifth Third Bancorp lifted 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 worth $44,000 after buying an additional 473 shares in the last quarter. Farther Finance Advisors LLC grew its stake in shares of Liberty Media Corporation - Liberty Live Series A by 371.2% in the third quarter. Farther Finance Advisors LLC now owns 490 shares of the company's stock worth $46,000 after acquiring an additional 386 shares in the last quarter. Parallel Advisors LLC grew its stake in shares of Liberty Media Corporation - Liberty Live Series A by 18.8% in the third quarter. Parallel Advisors LLC now owns 688 shares of the company's stock worth $65,000 after acquiring an additional 109 shares in the last quarter. Moran Wealth Management LLC acquired a new position in shares of Liberty Media Corporation - Liberty Live Series A in the first quarter worth $274,000. Finally, HB Wealth Management LLC increased its position in shares of Liberty Media Corporation - Liberty Live Series A by 22.1% during the first quarter. HB Wealth Management LLC now owns 3,946 shares of the company's stock worth $362,000 after acquiring an additional 715 shares during the period. Institutional investors and hedge funds own 25.07% of the company's stock.

Liberty Media Corporation - Liberty Live Series A Company Profile

Liberty Media Corporation's Liberty Live Group is represented by Liberty Live Series A, a tracking stock traded under the symbol LLYVA. The tracking stock is intended to reflect the performance of the Liberty Live Group, rather than the performance of Liberty Media's other separately tracked businesses.

The Liberty Live Group's principal assets are its interests in Live Nation Entertainment, a global provider of live entertainment, concert promotion, venue operations and ticketing services.

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