Liberty Media Corporation – Liberty Live Series A (NASDAQ:LLYVA) Announces Earnings Results

by · The Markets Daily

Liberty Media Corporation – Liberty Live Series A (NASDAQ:LLYVA – Get Free Report) announced its quarterly earnings data on Thursday. The company reported $3.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $2.54, Zacks reports. The business had revenue of $103.08 million during the quarter, compared to the consensus estimate of $75.00 million.

Liberty Media Corporation – Liberty Live Series A Price Performance

NASDAQ LLYVA traded down $1.71 on Friday, hitting $102.14. 188,204 shares of the stock traded hands, compared to its average volume of 159,184. The business’s fifty day moving average is $96.69 and its two-hundred day moving average is $95.06. Liberty Media Corporation – Liberty Live Series A has a 12 month low of $74.38 and a 12 month high of $108.60.

Insider Activity

In other news, major shareholder John Malone sold 29,593 shares of the company’s stock in a transaction on Thursday, September 24th. The stock was sold at an average price of $98.16, for a total transaction of $2,904,848.88. Following the transaction, the insider owned 3,186,342 shares of the company’s stock, valued at $312,771,330.72. This represents a 0.92% decrease in their position. 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 currently owned by insiders.

Analysts Set New Price Targets

A number of brokerages recently weighed in on LLYVA. Weiss Ratings reissued a “sell (d-)” rating on shares of Liberty Media Corporation – Liberty Live Series A in a report on Wednesday, August 26th. Zacks Research upgraded shares of Liberty Media Corporation – Liberty Live Series A from a “strong sell” rating to a “hold” rating in a report on Friday, October 9th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Reduce”.

Check Out Our Latest Report on Liberty Media Corporation – Liberty Live Series A

Liberty Media Corporation – Liberty Live Series A Company Profile

(Get Free Report)

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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