Liberty Live Group (NASDAQ:LLYVA) Reaches New 1-Year High – Here’s Why

Liberty Live Group (NASDAQ:LLYVA)’s stock price reached a new 52-week high on Tuesday . The stock traded as high as $79.63 and last traded at $78.76, with a volume of 70634 shares trading hands. The stock had previously closed at $75.85.

Liberty Live Group Trading Up 3.8 %

The business’s 50-day moving average is $70.51 and its two-hundred day moving average is $59.10.

Insiders Place Their Bets

In other news, CEO Gregory B. Maffei sold 35,463 shares of the company’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $71.53, for a total value of $2,536,668.39. Following the completion of the transaction, the chief executive officer now directly owns 1,240,785 shares in the company, valued at approximately $88,753,351.05. This represents a 2.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Institutional Investors Weigh In On Liberty Live Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in LLYVA. Linonia Partnership LP raised its position in shares of Liberty Live Group by 9.7% in the 3rd quarter. Linonia Partnership LP now owns 2,498,950 shares of the company’s stock valued at $123,723,000 after purchasing an additional 220,317 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Liberty Live Group by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 2,002,784 shares of the company’s stock worth $133,305,000 after buying an additional 8,769 shares during the last quarter. Point72 Asset Management L.P. raised its holdings in Liberty Live Group by 3.3% in the third quarter. Point72 Asset Management L.P. now owns 1,574,300 shares of the company’s stock valued at $77,944,000 after acquiring an additional 49,784 shares in the last quarter. ValueAct Holdings L.P. boosted its stake in Liberty Live Group by 88.8% during the 4th quarter. ValueAct Holdings L.P. now owns 1,268,448 shares of the company’s stock valued at $84,428,000 after acquiring an additional 596,648 shares during the last quarter. Finally, Sculptor Capital LP grew its holdings in Liberty Live Group by 8.4% during the 4th quarter. Sculptor Capital LP now owns 1,100,000 shares of the company’s stock worth $73,216,000 after acquiring an additional 84,875 shares in the last quarter. Hedge funds and other institutional investors own 25.07% of the company’s stock.

About Liberty Live Group

Liberty Live Group operates in the media, communications, and entertainment industries primarily in North America and the United Kingdom. The company is headquartered in Englewood, Colorado.