Hound Partners LLC Buys Shares of 112,049 Liberty Media Corporation – Liberty Live Series A $LLYVA

Hound Partners LLC bought a new position in Liberty Media Corporation – Liberty Live Series A (NASDAQ:LLYVA) in the first quarter, Holdings Channel reports. The institutional investor bought 112,049 shares of the company’s stock, valued at approximately $10,268,000. Liberty Media Corporation – Liberty Live Series A comprises about 1.3% of Hound Partners LLC’s investment portfolio, making the stock its 17th largest holding.

Several other institutional investors have also modified their holdings of the stock. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Liberty Media Corporation – Liberty Live Series A in the first quarter valued at about $5,608,000. Gabelli Funds LLC raised its stake in Liberty Media Corporation – Liberty Live Series A by 18.5% during the first quarter. Gabelli Funds LLC now owns 65,474 shares of the company’s stock worth $6,000,000 after purchasing an additional 10,242 shares during the period. Sei Investments Co. boosted its holdings in Liberty Media Corporation – Liberty Live Series A by 34.1% in the 1st quarter. Sei Investments Co. now owns 4,585 shares of the company’s stock valued at $420,000 after purchasing an additional 1,166 shares during the last quarter. S&CO Inc. boosted its holdings in Liberty Media Corporation – Liberty Live Series A by 3.9% in the 1st quarter. S&CO Inc. now owns 49,387 shares of the company’s stock valued at $4,525,000 after purchasing an additional 1,840 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in Liberty Media Corporation – Liberty Live Series A by 0.8% in the 1st quarter. Principal Financial Group Inc. now owns 405,218 shares of the company’s stock valued at $37,134,000 after purchasing an additional 3,201 shares during the last quarter. Hedge funds and other institutional investors own 25.07% of the company’s stock.

Liberty Media Corporation – Liberty Live Series A Price Performance

LLYVA opened at $95.65 on Monday. Liberty Media Corporation – Liberty Live Series A has a 52 week low of $74.38 and a 52 week high of $105.47. The business has a fifty day simple moving average of $97.14 and a 200-day simple moving average of $92.50. The firm has a market cap of $8.80 billion, a P/E ratio of -27.02 and a beta of 0.92.

Liberty Media Corporation – Liberty Live Series A (NASDAQ:LLYVA) last posted its quarterly earnings data on Thursday, May 7th. The company reported ($3.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($3.07). The company had revenue of $63.62 million during the quarter, compared to analysts’ expectations of $70.40 million. Sell-side analysts expect that Liberty Media Corporation – Liberty Live Series A will post -3.3 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on LLYVA shares. 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, July 10th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Liberty Media Corporation – Liberty Live Series A in a report on Friday, May 29th. One research 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, the company presently has a consensus rating of “Reduce”.

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.