Liberty Live Group (NASDAQ:LLYVA) Reaches New 1-Year High – Still a Buy?

Liberty Live Group (NASDAQ:LLYVA) hit a new 52-week high on Thursday . The company traded as high as $74.99 and last traded at $74.23, with a volume of 198909 shares changing hands. The stock had previously closed at $74.04.

Liberty Live Group Price Performance

The stock’s fifty day simple moving average is $69.00 and its two-hundred day simple moving average is $55.42.

Liberty Live Group (NASDAQ:LLYVA) last released its earnings results on Tuesday, November 12th. The company reported $0.16 EPS for the quarter.

Insider Buying and Selling at Liberty Live Group

In other news, CEO Gregory B. Maffei sold 35,463 shares of Liberty Live Group stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $71.53, for a total value 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. This trade represents a 2.78 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Brian J. Wendling sold 1,094 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $69.57, for a total transaction of $76,109.58. The disclosure for this sale can be found here.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Linonia Partnership LP boosted its stake in shares of Liberty Live Group by 9.7% during the 3rd 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 period. Point72 Asset Management L.P. boosted its position in Liberty Live Group by 3.3% during the third quarter. Point72 Asset Management L.P. now owns 1,574,300 shares of the company’s stock valued at $77,944,000 after purchasing an additional 49,784 shares during the last quarter. ValueAct Holdings L.P. purchased a new position in Liberty Live Group in the third quarter valued at about $33,261,000. Proficio Capital Partners LLC acquired a new position in Liberty Live Group in the 4th quarter worth about $12,285,000. Finally, Virtu Financial LLC increased its position in Liberty Live Group by 141.2% in the 3rd quarter. Virtu Financial LLC now owns 182,372 shares of the company’s stock worth $9,029,000 after purchasing an additional 106,752 shares during 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.