Short Interest in Liberty Media Corporation – Liberty Live Series A (NASDAQ:LLYVA) Grows By 24.2%
by Michael Walen · The Markets DailyLiberty Media Corporation – Liberty Live Series A (NASDAQ:LLYVA – Get Free Report) was the target of a large growth in short interest in the month of 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. Approximately 1.0% of the company’s shares are short sold. Based on an average daily volume of 339,045 shares, the short-interest ratio is currently 2.7 days. Based on an average daily volume of 339,045 shares, the short-interest ratio is currently 2.7 days. Approximately 1.0% of the company’s shares are short sold.
Liberty Media Corporation – Liberty Live Series A Trading Up 0.3%
Shares of Liberty Media Corporation – Liberty Live Series A stock traded up $0.25 during trading hours on Thursday, reaching $81.50. The stock had a trading volume of 192,095 shares, compared to its average volume of 253,260. The stock’s 50 day moving average is $81.61 and its 200 day moving average is $84.96. Liberty Media Corporation – Liberty Live Series A has a twelve month low of $59.45 and a twelve month high of $99.63. The firm has a market capitalization of $7.49 billion, a PE ratio of -21.11 and a beta of 1.39.
Insiders Place Their Bets
In other Liberty Media Corporation – Liberty Live Series A news, Director Chase Carey sold 83,536 shares of the business’s stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $96.95, for a total value of $8,098,815.20. Following the completion of the sale, 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Institutional Investors Weigh In On Liberty Media Corporation – Liberty Live Series A
Several large investors have recently bought and sold shares of the company. Amundi acquired a new position in shares of Liberty Media Corporation – Liberty Live Series A during the third quarter valued at approximately $33,923,000. Principal Financial Group Inc. increased its position in shares of Liberty Media Corporation – Liberty Live Series A by 933.4% during the third quarter. Principal Financial Group Inc. now owns 384,482 shares of the company’s stock worth $36,257,000 after purchasing an additional 347,275 shares in the last quarter. JNE Partners LLP increased its position in shares of Liberty Media Corporation – Liberty Live Series A by 7,067.8% during the first quarter. JNE Partners LLP now owns 240,121 shares of the company’s stock worth $16,146,000 after purchasing an additional 236,771 shares in the last quarter. Virtu Financial LLC raised its stake in Liberty Media Corporation – Liberty Live Series A by 133.7% in the 3rd quarter. Virtu Financial LLC now owns 356,459 shares of the company’s stock valued at $33,614,000 after purchasing an additional 203,902 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in Liberty Media Corporation – Liberty Live Series A by 56.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 386,705 shares of the company’s stock valued at $30,735,000 after purchasing an additional 139,055 shares during the last quarter. 25.07% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of equities analysts recently commented on the company. Weiss Ratings restated a “sell (d)” rating on shares of Liberty Media Corporation – Liberty Live Series A in a report on Wednesday, October 8th. Zacks Research raised shares of Liberty Media Corporation – Liberty Live Series A to a “hold” rating in a research report on Tuesday, September 9th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Reduce”.
Get Our Latest Analysis on LLYVA
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.