Liberty Live Group (NASDAQ:LLYVK) Reaches New 52-Week High – Here’s Why

Liberty Live Group (NASDAQ:LLYVK) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $75.70 and last traded at $75.48, with a volume of 269610 shares trading hands. The stock had previously closed at $73.93.

Liberty Live Group Trading Up 0.0 %

The business has a fifty day simple moving average of $70.57 and a 200 day simple moving average of $56.66.

Liberty Live Group (NASDAQ:LLYVK) last announced its quarterly earnings data on Tuesday, November 12th. The company reported $0.16 earnings per share (EPS) for the quarter.

Insider Transactions at Liberty Live Group

In other Liberty Live Group news, CAO Brian J. Wendling sold 1,094 shares of the business’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $69.57, for a total transaction of $76,109.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Gregory B. Maffei sold 35,463 shares of the company’s stock in a transaction dated Monday, December 16th. The stock was 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 approximately $88,753,351.05. This trade represents a 2.78 % decrease in their position. The disclosure for this sale can be found here.

Hedge Funds Weigh In On Liberty Live Group

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Raymond James Financial Inc. acquired a new stake in Liberty Live Group in the fourth quarter worth about $730,000. Proficio Capital Partners LLC bought a new stake in shares of Liberty Live Group during the 4th quarter worth about $2,520,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of Liberty Live Group by 1.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 399,304 shares of the company’s stock valued at $27,177,000 after acquiring an additional 4,227 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Liberty Live Group by 61.8% in the fourth quarter. Bank of New York Mellon Corp now owns 224,606 shares of the company’s stock valued at $15,287,000 after acquiring an additional 85,763 shares in the last quarter. Finally, Handelsbanken Fonder AB bought a new position in shares of Liberty Live Group in the fourth quarter valued at approximately $973,000. 60.36% of the stock is currently 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.