Liberty Live Group (NASDAQ:LLYVK) Reaches New 12-Month High – Still a Buy?

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

Liberty Live Group Stock Up 1.6 %

The firm’s 50-day moving average price is $57.20 and its two-hundred day moving average price is $45.07.

Insiders Place Their Bets

In related news, insider Renee L. Wilm sold 19,202 shares of the firm’s stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $78.78, for a total transaction of $1,512,733.56. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Brian J. Wendling sold 1,094 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The stock was 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. In the last ninety days, insiders sold 31,911 shares of company stock worth $2,403,701.

Institutional Investors Weigh In On Liberty Live Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Linonia Partnership LP grew its position in shares of Liberty Live Group by 170.1% in the second quarter. Linonia Partnership LP now owns 5,314,824 shares of the company’s stock valued at $203,398,000 after purchasing an additional 3,346,783 shares during the last quarter. ValueAct Holdings L.P. acquired a new stake in Liberty Live Group in the 3rd quarter valued at approximately $68,654,000. Troluce Capital Advisors LLC increased its position in Liberty Live Group by 39.3% in the 2nd quarter. Troluce Capital Advisors LLC now owns 1,305,000 shares of the company’s stock worth $49,942,000 after buying an additional 367,900 shares during the period. Millennium Management LLC lifted its holdings in shares of Liberty Live Group by 221.5% during the second quarter. Millennium Management LLC now owns 362,474 shares of the company’s stock worth $13,872,000 after buying an additional 249,746 shares during the last quarter. Finally, Bamco Inc. NY boosted its position in shares of Liberty Live Group by 23.4% in the third quarter. Bamco Inc. NY now owns 1,167,019 shares of the company’s stock valued at $59,903,000 after acquiring an additional 221,666 shares during the period. 60.36% of the stock is currently owned by institutional investors and hedge funds.

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.