Short Interest in Liberty Live Group (NASDAQ:LLYVK) Grows By 24.1%

Liberty Live Group (NASDAQ:LLYVK) was the recipient of a significant increase in short interest in the month of March. As of March 31st, there was short interest totalling 1,960,000 shares, an increase of 24.1% from the March 15th total of 1,580,000 shares. Currently, 3.4% of the company’s shares are sold short. Based on an average daily volume of 465,000 shares, the days-to-cover ratio is presently 4.2 days.

Institutional Investors Weigh In On Liberty Live Group

Several institutional investors and hedge funds have recently made changes to their positions in LLYVK. ValueAct Holdings L.P. boosted its holdings in shares of Liberty Live Group by 136.9% during the 4th quarter. ValueAct Holdings L.P. now owns 3,168,788 shares of the company’s stock valued at $215,668,000 after acquiring an additional 1,831,288 shares during the last quarter. T. Rowe Price Investment Management Inc. boosted its holdings in Liberty Live Group by 25.8% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 6,968,861 shares of the company’s stock worth $474,301,000 after purchasing an additional 1,427,968 shares during the last quarter. Finepoint Capital LP bought a new stake in Liberty Live Group in the 4th quarter worth approximately $55,319,000. Norges Bank purchased a new stake in Liberty Live Group during the 4th quarter valued at $49,458,000. Finally, JNE Partners LLP lifted its holdings in shares of Liberty Live Group by 28.5% during the 4th quarter. JNE Partners LLP now owns 1,300,890 shares of the company’s stock valued at $88,539,000 after buying an additional 288,390 shares during the period. Institutional investors own 60.36% of the company’s stock.

Liberty Live Group Stock Up 2.4 %

Shares of NASDAQ:LLYVK traded up $1.60 during midday trading on Friday, hitting $68.58. 290,556 shares of the stock traded hands, compared to its average volume of 360,712. The stock has a market capitalization of $6.30 billion, a PE ratio of -201.71 and a beta of 1.56. Liberty Live Group has a one year low of $33.50 and a one year high of $81.66. The business’s 50 day moving average is $70.16 and its two-hundred day moving average is $67.71.

Liberty Live Group Company Profile

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.