Liberty Media Corporation – Liberty Live Series A (NASDAQ:LLYVA) Short Interest Update

Liberty Media Corporation – Liberty Live Series A (NASDAQ:LLYVA) saw a large growth in short interest in December. As of December 15th, there was short interest totaling 900,103 shares, a growth of 24.2% from the November 30th total of 724,759 shares. Currently, 1.0% of the shares of the company are sold short. Based on an average daily trading volume, of 339,045 shares, the days-to-cover ratio is presently 2.7 days. Based on an average daily trading volume, of 339,045 shares, the days-to-cover ratio is presently 2.7 days. Currently, 1.0% of the shares of the company are sold short.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on LLYVA. Zacks Research upgraded Liberty Media Corporation – Liberty Live Series A to a “hold” rating in a research note on Tuesday, September 9th. Weiss Ratings reiterated a “sell (d)” rating on shares of Liberty Media Corporation – Liberty Live Series A in a research report on Wednesday, October 8th. One research 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, Liberty Media Corporation – Liberty Live Series A currently has a consensus rating of “Reduce”.

Liberty Media Corporation – Liberty Live Series A Price Performance

Shares of Liberty Media Corporation – Liberty Live Series A stock opened at $81.50 on Friday. Liberty Media Corporation – Liberty Live Series A has a 1 year low of $59.45 and a 1 year high of $99.63. The firm has a market cap of $7.49 billion, a PE ratio of -21.11 and a beta of 1.36. The company has a 50 day simple moving average of $81.45 and a two-hundred day simple moving average of $84.94.

Insider Buying and Selling

In related news, Director Chase Carey sold 83,536 shares of Liberty Media Corporation – Liberty Live Series A stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $96.95, for a total value of $8,098,815.20. Following the completion of the transaction, the director directly owned 94,356 shares in the company, valued at approximately $9,147,814.20. The trade was a 46.96% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Hedge Funds Weigh In On Liberty Media Corporation – Liberty Live Series A

A number of hedge funds and other institutional investors have recently modified their holdings of LLYVA. Verition Fund Management LLC purchased a new stake in Liberty Media Corporation – Liberty Live Series A in the third quarter worth approximately $1,797,000. Susquehanna International Group LLP lifted its stake in Liberty Media Corporation – Liberty Live Series A by 673.7% in the third quarter. Susquehanna International Group LLP now owns 91,357 shares of the company’s stock worth $8,615,000 after purchasing an additional 79,549 shares during the last quarter. Mercer Global Advisors Inc. ADV purchased a new stake in Liberty Media Corporation – Liberty Live Series A during the third quarter valued at about $239,000. Integrated Wealth Concepts LLC grew its stake in shares of Liberty Media Corporation – Liberty Live Series A by 14.2% during the third quarter. Integrated Wealth Concepts LLC now owns 9,590 shares of the company’s stock valued at $904,000 after buying an additional 1,190 shares during the last quarter. Finally, JNE Partners LLP increased its holdings in shares of Liberty Media Corporation – Liberty Live Series A by 53.3% in the third quarter. JNE Partners LLP now owns 368,121 shares of the company’s stock worth $34,714,000 after buying an additional 128,000 shares during the period. 25.07% of the stock is currently owned by hedge funds and other institutional investors.

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.