Liberty Media Corporation – Liberty Live Series A (NASDAQ:LLYVA) Cut to Strong Sell at Zacks Research

Zacks Research lowered shares of Liberty Media Corporation – Liberty Live Series A (NASDAQ:LLYVA) from a hold rating to a strong sell rating in a research note published on Wednesday morning,Zacks.com reports.

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Liberty Media Corporation – Liberty Live Series A in a research note on Thursday, January 22nd. Two equities research analysts have rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has an average rating of “Sell”.

Liberty Media Corporation – Liberty Live Series A Stock Performance

Shares of LLYVA stock opened at $93.59 on Wednesday. Liberty Media Corporation – Liberty Live Series A has a 1 year low of $59.45 and a 1 year high of $99.63. The stock has a fifty day moving average of $85.85 and a two-hundred day moving average of $86.57. The firm has a market capitalization of $8.60 billion, a PE ratio of -179.98 and a beta of 1.23.

Insider Activity at Liberty Media Corporation – Liberty Live Series A

In other Liberty Media Corporation – Liberty Live Series A 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 transaction, the director owned 94,356 shares in the company, valued at approximately $9,147,814.20. The trade was a 46.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Berkshire Hathaway Inc sold 66,568 shares of the company’s stock in a transaction on Monday, January 12th. The shares were sold at an average price of $83.27, for a total value of $5,543,117.36. Following the completion of the transaction, the insider directly owned 10,703,007 shares in the company, valued at $891,239,392.89. This represents a 0.62% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 497,554 shares of company stock worth $43,484,018 in the last ninety days.

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

Hedge funds have recently modified their holdings of the stock. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of Liberty Media Corporation – Liberty Live Series A during the second quarter valued at $25,000. Quarry LP purchased a new stake in Liberty Media Corporation – Liberty Live Series A during the fourth quarter valued at about $29,000. Camelot Portfolios LLC acquired a new position in shares of Liberty Media Corporation – Liberty Live Series A in the fourth quarter worth about $42,000. Arax Advisory Partners purchased a new position in shares of Liberty Media Corporation – Liberty Live Series A in the fourth quarter worth approximately $42,000. Finally, Federated Hermes Inc. purchased a new stake in shares of Liberty Media Corporation – Liberty Live Series A in the 3rd quarter valued at approximately $64,000. 25.07% of the stock is currently owned by institutional investors and hedge funds.

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.