Liberty Live Group (NASDAQ:LLYVK) Stock Price Up 4.6%

Liberty Live Group (NASDAQ:LLYVK)’s share price shot up 4.6% on Friday . The company traded as high as $38.26 and last traded at $38.24. 52,869 shares were traded during mid-day trading, a decline of 84% from the average session volume of 337,610 shares. The stock had previously closed at $36.57.

Liberty Live Group Stock Up 4.6 %

The business’s fifty day moving average is $37.96 and its two-hundred day moving average is $38.32.

Liberty Live Group (NASDAQ:LLYVK) last issued its quarterly earnings results on Wednesday, May 8th. 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 firm’s stock in a transaction that occurred on Friday, May 10th. 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 stock in a transaction on Thursday, June 13th. 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 at the SEC website. Also, Chairman John C. Malone sold 89,951 shares of Liberty Live Group stock in a transaction on Friday, May 10th. The stock was 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 in the company, valued at $179,176,527.90. The disclosure for this sale can be found here. Over the last ninety days, insiders have acquired 3,769,555 shares of company stock valued at $100,335,332 and have sold 282,072 shares valued at $17,749,275.

Hedge Funds Weigh In 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. bought a new position in shares of Liberty Live Group during the third quarter worth $141,804,000. Goldman Sachs Group Inc. lifted its position in Liberty Live Group by 984.6% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,392,915 shares of the company’s stock valued at $52,081,000 after acquiring an additional 1,264,486 shares in the last quarter. Aristeia Capital LLC bought a new stake in Liberty Live Group in the 3rd quarter valued at $32,329,000. Norges Bank bought a new stake in Liberty Live Group in the 4th quarter valued at $24,393,000. Finally, Adage Capital Partners GP L.L.C. bought a new stake in Liberty Live Group in the 3rd quarter valued at $15,677,000. 60.36% of the stock is owned by institutional investors.

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.