Liberty Live Group (NASDAQ:LLYVA) Shares Down 6.4% – What’s Next?

Liberty Live Group (NASDAQ:LLYVA)’s share price traded down 6.4% during mid-day trading on Thursday . The company traded as low as $61.00 and last traded at $61.24. 120,333 shares were traded during trading, an increase of 3% from the average session volume of 116,374 shares. The stock had previously closed at $65.41.

Liberty Live Group Stock Performance

The company’s 50-day moving average price is $70.82 and its 200 day moving average price is $61.51. The stock has a market cap of $5.55 billion, a PE ratio of -178.07 and a beta of 1.54.

Insiders Place Their Bets

In other news, CEO Gregory B. Maffei sold 35,463 shares of Liberty Live Group 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 transaction, the chief executive officer now directly owns 1,240,785 shares of the company’s stock, valued at $88,753,351.05. The trade was a 2.78 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Hedge Funds Weigh In On Liberty Live Group

Large investors have recently added to or reduced their stakes in the company. Linonia Partnership LP raised its position in shares of 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 buying an additional 220,317 shares during the last quarter. Vanguard Group Inc. grew its stake in Liberty Live Group by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 2,002,784 shares of the company’s stock valued at $133,305,000 after acquiring an additional 8,769 shares in the last quarter. 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 acquiring an additional 49,784 shares during the last quarter. ValueAct Holdings L.P. boosted its holdings in shares of Liberty Live Group by 88.8% during the 4th 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 last quarter. Finally, Sculptor Capital LP grew its position in shares of Liberty Live Group by 8.4% during 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 in the last quarter. Hedge funds and other institutional investors 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.