Liberty Live Group (NASDAQ:LLYVA) Trading Up 4.2% – Here’s What Happened

Liberty Live Group (NASDAQ:LLYVA) shares shot up 4.2% during mid-day trading on Monday . The stock traded as high as $78.77 and last traded at $79.01. 30,562 shares traded hands during trading, a decline of 68% from the average session volume of 94,229 shares. The stock had previously closed at $75.85.

Liberty Live Group Stock Performance

The stock’s 50-day moving average is $70.34 and its 200-day moving average is $58.80.

Insider Transactions at Liberty Live Group

In other news, CEO Gregory B. Maffei sold 35,463 shares of the company’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $71.53, for a total transaction of $2,536,668.39. Following the completion of the transaction, the chief executive officer now owns 1,240,785 shares of the company’s stock, valued at $88,753,351.05. This represents a 2.78 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Hedge Funds Weigh In On Liberty Live Group

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

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.