Liberty Media Corporation - Liberty Live Series A (NASDAQ:LLYVA) Share Price Breaks Above Fifty Day Moving Average - Should You Sell?

Key Points

• LLYVA shares moved above their 50-day moving average, reaching $97.27 and last trading at $97.08, compared with a 50-day average of $96.67.
• Analyst sentiment remains cautious: Zacks upgraded the stock from “strong sell” to “hold,” while Weiss maintained a “sell” rating; the overall consensus is “Reduce.”
• The company reported a quarterly EPS loss of $2.92, missing the $0.42 consensus estimate, although revenue of $147.06 million exceeded 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 share price passed above its 50 day moving average during trading on Wednesday. The stock has a 50 day moving average of $96.67 and traded as high as $97.27. Liberty Media Corporation - Liberty Live Series A shares last traded at $97.08, with a volume of 116,923 shares trading hands.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on LLYVA. Zacks Research raised Liberty Media Corporation - Liberty Live Series A from a "strong sell" rating to a "hold" rating in a research note on Friday, October 9th. Weiss Ratings restated a "sell (d-)" rating on shares of Liberty Media Corporation - Liberty Live Series A in a report on Wednesday, August 26th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Liberty Media Corporation - Liberty Live Series A has an average rating of "Reduce".

Liberty Media Corporation - Liberty Live Series A Trading Up 0.5%

The firm has a market cap of $8.93 billion, a price-to-earnings ratio of -21.43 and a beta of 0.98. The business's 50-day simple moving average is $96.67 and its two-hundred day simple moving average is $94.35.

Liberty Media Corporation - Liberty Live Series A (NASDAQ:LLYVA - Get Free Report) last released its quarterly earnings results 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 business had revenue of $147.06 million for the quarter, compared to analysts' expectations of $93.63 million. On average, analysts forecast that Liberty Media Corporation - Liberty Live Series A will post -7.69 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, major shareholder John Malone sold 29,593 shares of Liberty Media Corporation - Liberty Live Series A stock in a transaction on 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 completion of the transaction, the insider owned 3,186,342 shares of the company's stock, valued at $312,771,330.72. This trade represents a 0.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.01% of the stock is owned by corporate insiders.

Institutional Trading of Liberty Media Corporation - Liberty Live Series A

A number of institutional investors have recently bought and sold shares of the company. Bank of America Corp DE grew its stake in Liberty Media Corporation - Liberty Live Series A by 10.3% during the first quarter. Bank of America Corp DE now owns 1,785,654 shares of the company's stock worth $163,637,000 after purchasing an additional 167,098 shares during the period. Amundi increased its holdings in Liberty Media Corporation - Liberty Live Series A by 592.0% in the first quarter. Amundi now owns 1,309,994 shares of the company's stock worth $120,048,000 after purchasing an additional 1,120,684 shares in the last quarter. Principal Financial Group Inc. increased its holdings in Liberty Media Corporation - Liberty Live Series A by 0.8% in the first quarter. Principal Financial Group Inc. now owns 405,218 shares of the company's stock worth $37,134,000 after purchasing an additional 3,201 shares in the last quarter. Hound Partners LLC acquired a new position in Liberty Media Corporation - Liberty Live Series A in the first quarter valued at approximately $10,268,000. Finally, Quantinno Capital Management LP lifted its stake in Liberty Media Corporation - Liberty Live Series A by 13.9% in the first quarter. Quantinno Capital Management LP now owns 94,497 shares of the company's stock valued at $8,660,000 after buying an additional 11,543 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'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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