Liberty Media Corporation - Liberty Live Series A (NASDAQ:LLYVA) Shares Gap Up - Should You Buy?

Key Points

• LLYVA shares opened higher, rising from a prior close of $93.38 to $97.22, though they later traded near $93.11 on relatively low volume.
• Analysts remain bearish: Zacks Research downgraded the stock to “strong sell,” Weiss Ratings reaffirmed a “sell” rating, and the average analyst rating is “Sell.”
• The company 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.

Shares of Liberty Media Corporation - Liberty Live Series A (NASDAQ:LLYVA - Get Free Report) gapped up prior to trading on Friday . The stock had previously closed at $93.38, but opened at $97.22. Liberty Media Corporation - Liberty Live Series A shares last traded at $93.1060, with a volume of 1,559 shares trading hands.

Wall Street Analysts Forecast Growth

LLYVA has been the topic of several recent research reports. Zacks Research lowered Liberty Media Corporation - Liberty Live Series A from a "hold" rating to a "strong sell" rating in a research report on Wednesday, August 12th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Liberty Media Corporation - Liberty Live Series A in a research report on Wednesday, August 26th. Two equities research analysts have rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has an average rating of "Sell".

Liberty Media Corporation - Liberty Live Series A Stock Up 0.0%

The company has a market capitalization of $8.59 billion, a price-to-earnings ratio of -20.63 and a beta of 0.96. The firm has a 50 day moving average price of $99.54 and a two-hundred day moving average price of $96.26.

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) 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 analyst estimates of $93.63 million. Analysts predict that Liberty Media Corporation - Liberty Live Series A will post -7.69 earnings per share for the current year.

Institutional Trading of Liberty Media Corporation - Liberty Live Series A

Hedge funds have recently made changes to their positions in the stock. Maven Securities LTD bought a new stake in shares of Liberty Media Corporation - Liberty Live Series A in the second quarter worth $1,364,000. California State Teachers Retirement System grew its holdings in Liberty Media Corporation - Liberty Live Series A by 9,745.1% during the 2nd quarter. California State Teachers Retirement System now owns 2,232,277 shares of the company's stock worth $226,040,000 after acquiring an additional 2,209,603 shares in the last quarter. Bank of America Corp DE grew its holdings in Liberty Media Corporation - Liberty Live Series A by 10.3% during the 1st quarter. Bank of America Corp DE now owns 1,785,654 shares of the company's stock worth $163,637,000 after acquiring an additional 167,098 shares in the last quarter. Amundi increased its position in shares of Liberty Media Corporation - Liberty Live Series A by 592.0% in the 1st 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 during the last quarter. Finally, Royal Bank of Canada increased its position in shares of Liberty Media Corporation - Liberty Live Series A by 2,605.3% in the 1st quarter. Royal Bank of Canada now owns 31,327 shares of the company's stock worth $2,870,000 after purchasing an additional 30,169 shares during the last quarter. 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 Series A Liberty Live common stock, trading under the symbol LLYVA. The group is a tracking-stock structure rather than a separate legal entity, and its results are intended to reflect the performance of the assets and businesses attributed to Liberty Media's Liberty Live Group.

The Liberty Live Group's principal asset is its investment in Live Nation Entertainment, a global live entertainment company involved in concert promotion, venue operations and ticketing through businesses such as Ticketmaster.

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