Liberty Live Group (NASDAQ:LLYVK – Free Report) shares shot up 4.6% on Friday. The company traded as high as $38.26 and was last seen at $38.24. During midday trading, 52,869 shares traded hands, down 84% from the average session volume of 337,610 shares. The stock had previously closed at $36.57.
Liberty Live Group share price rises by 4.6%
The company’s 50-day moving average is $37.96 and its 200-day moving average is $38.32.
Liberty Live Group (NASDAQ:LLYVK – Free Report) last released its quarterly earnings results on Wednesday, May 8. The company reported ($0.79) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.78).
Insider buying and selling at Liberty Live Group
In other Liberty Live Group news, Chairman John C. Malone sold 89,951 shares of the company’s stock in a transaction that occurred on Friday, May 10. The shares were sold at an average price of $70.53, for a total value of $6,344,244.03. Following the transaction, the chairman now directly owns 2,540,430 shares of the company’s stock, valued at $179,176,527.90. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, major shareholder Berkshire Hathaway Inc. sold 52,911 shares of Liberty Live Group’s stock in a transaction that occurred on Thursday, June 13. The shares were sold at an average price of $34.06, for a total transaction of $1,802,148.66. Following the transaction, the insider now directly owns 4,999,007 shares of the company’s stock, valued at $170,266,178.42. The sale was disclosed in a legal filing with the SEC, which is available on the SEC’s website. Also, Chairman John C. Malone sold 89,951 shares of Liberty Live Group stock on Friday, May 10. The shares were sold at an average price of $70.53, for a total transaction of $6,344,244.03. Following the transaction, the Chairman now directly owns 2,540,430 shares of the company’s stock, valued at $179,176,527.90. The disclosure regarding this sale can be found here. Over the past ninety days, insiders have purchased 3,769,555 shares of the company’s stock valued at $100,335,332 and sold 282,072 shares valued at $17,749,275.
Hedge funds comment on Liberty Live Group
A number of hedge funds and other institutional investors have recently made changes to their positions in LLYVK. Vanguard Group Inc. acquired a new position in shares of Liberty Live Group in the third quarter valued at $141,804,000. Goldman Sachs Group Inc. increased its position in Liberty Live Group by 984.6% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,392,915 shares of the company’s stock valued at $52,081,000 after purchasing an additional 1,264,486 shares in the last quarter. Aristeia Capital LLC acquired a new stake in Liberty Live Group in the third quarter valued at $32,329,000. Norges Bank acquired a new stake in Liberty Live Group in the fourth quarter valued at $24,393,000. Finally, Adage Capital Partners GP LLC acquired a new stake in Liberty Live Group in the 3rd quarter valued at $15,677,000. 60.36% of the shares are owned by institutional investors.
Liberty Live Group Company Profile
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Liberty Live Group is a media, communications and entertainment company primarily operating in North America and the United Kingdom. The company is headquartered in Englewood, Colorado.
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