Liberty Live Group (NASDAQ:LLYVK) Hits New 12-Month High – Should You Buy?

Liberty Live Group (NASDAQ:LLYVK) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $73.15 and last traded at $72.41, with a volume of 106821 shares changing hands. The stock had previously closed at $72.28.

Liberty Live Group Price Performance

The firm’s 50-day moving average is $58.41 and its 200 day moving average is $45.46.

Insider Transactions at Liberty Live Group

In other Liberty Live Group news, CAO Brian J. Wendling sold 10,011 shares of the firm’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of $73.80, for a total value of $738,811.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Renee L. Wilm sold 19,202 shares of the business’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of $78.78, for a total transaction of $1,512,733.56. The disclosure for this sale can be found here. Insiders sold 31,911 shares of company stock worth $2,403,701 over the last 90 days.

Institutional Investors Weigh In On Liberty Live Group

A number of institutional investors and hedge funds have recently modified their holdings of LLYVK. Price T Rowe Associates Inc. MD boosted its position in shares of Liberty Live Group by 5.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 26,138 shares of the company’s stock worth $1,146,000 after buying an additional 1,378 shares in the last quarter. Beach Investment Counsel Inc. PA acquired a new stake in shares of Liberty Live Group in the second quarter valued at approximately $30,000. OFI Invest Asset Management purchased a new position in shares of Liberty Live Group during the 2nd quarter worth approximately $210,000. Bank of New York Mellon Corp raised its position in shares of Liberty Live Group by 20.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 224,981 shares of the company’s stock worth $8,610,000 after purchasing an additional 37,703 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its position in shares of Liberty Live Group by 5.9% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,028,291 shares of the company’s stock worth $39,353,000 after purchasing an additional 57,608 shares during the last quarter. Institutional investors and hedge funds own 60.36% of the company’s stock.

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.