Liberty Live Group (NASDAQ:LLYVK) Stock Price Up 2.8% – Time to Buy?

Liberty Live Group (NASDAQ:LLYVK)’s share price traded up 2.8% on Tuesday . The stock traded as high as $70.63 and last traded at $70.05. 130,719 shares changed hands during mid-day trading, a decline of 62% from the average session volume of 346,548 shares. The stock had previously closed at $68.14.

Liberty Live Group Stock Up 2.2 %

The business has a 50-day simple moving average of $72.18 and a 200-day simple moving average of $65.89. The company has a market cap of $6.57 billion, a PE ratio of -210.41 and a beta of 1.55.

Hedge Funds Weigh In On Liberty Live Group

Institutional investors have recently bought and sold shares of the company. T. Rowe Price Investment Management Inc. boosted its stake in shares of 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 valued at $474,301,000 after purchasing an additional 1,427,968 shares during the period. Vanguard Group Inc. boosted its position in Liberty Live Group by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 4,759,475 shares of the company’s stock valued at $323,930,000 after buying an additional 56,026 shares during the period. ValueAct Holdings L.P. grew its stake in shares of Liberty Live Group by 136.9% in the fourth quarter. ValueAct Holdings L.P. now owns 3,168,788 shares of the company’s stock worth $215,668,000 after acquiring an additional 1,831,288 shares in the last quarter. D. E. Shaw & Co. Inc. increased its position in shares of Liberty Live Group by 2.7% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,567,869 shares of the company’s stock worth $106,709,000 after acquiring an additional 41,717 shares during the period. Finally, JNE Partners LLP increased its position in shares of Liberty Live Group by 28.5% during the fourth quarter. JNE Partners LLP now owns 1,300,890 shares of the company’s stock worth $88,539,000 after acquiring an additional 288,390 shares during the period. 60.36% of the stock is owned by institutional investors and hedge funds.

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.