Liberty Media Corporation – Liberty Live Series A (NASDAQ:LLYVA) Announces Quarterly Earnings Results, Beats Estimates By $2.54 EPS

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

Liberty Media Corporation – Liberty Live Series A Trading Down 1.6%

Shares of LLYVA stock traded down $1.71 during trading on Friday, reaching $102.14. 188,204 shares of the company’s stock traded hands, compared to its average volume of 202,192. The firm’s 50-day moving average is $96.64 and its 200 day moving average is $94.96. The company has a market capitalization of $9.40 billion, a P/E ratio of -22.55 and a beta of 0.95. Liberty Media Corporation – Liberty Live Series A has a 1 year low of $74.38 and a 1 year high of $108.60.

Insider Transactions at Liberty Media Corporation – Liberty Live Series A

In other Liberty Media Corporation – Liberty Live Series A news, major shareholder John Malone sold 29,593 shares of the business’s stock in a transaction on Thursday, September 24th. The shares were sold at an average price of $98.16, for a total transaction of $2,904,848.88. Following the sale, the insider owned 3,186,342 shares of the company’s stock, valued at $312,771,330.72. The trade was a 0.92% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.01% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

LLYVA has been the topic of several research reports. Weiss Ratings restated a “sell (d-)” rating on shares of Liberty Media Corporation – Liberty Live Series A in a research note on Wednesday, August 26th. Zacks Research upgraded Liberty Media Corporation – Liberty Live Series A from a “strong sell” rating to a “hold” rating in a research note on Friday, October 9th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Liberty Media Corporation – Liberty Live Series A currently has a consensus rating of “Reduce”.

Liberty Media Corporation – Liberty Live Series A Company Profile

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.