Liberty Live Group (NASDAQ:LLYVA) Sees Strong Trading Volume

Shares of Liberty Live Group (NASDAQ:LLYVAGet Free Report) saw unusually-strong trading volume on Friday . Approximately 230,559 shares traded hands during trading, an increase of 36% from the previous session’s volume of 169,726 shares.The stock last traded at $32.70 and had previously closed at $33.97.

Liberty Live Group Stock Down 2.0 %

The firm has a fifty day moving average of $37.58 and a two-hundred day moving average of $37.03.

Liberty Live Group (NASDAQ:LLYVAGet Free Report) last issued its earnings results on Wednesday, May 8th. The company reported ($0.79) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.78).

Insider Activity at Liberty Live Group

In other Liberty Live Group news, major shareholder Berkshire Hathaway Inc bought 199,664 shares of the business’s stock in a transaction dated Monday, March 25th. The shares were acquired at an average price of $28.82 per share, with a total value of $5,754,316.48. Following the transaction, the insider now owns 57,886,716 shares of the company’s stock, valued at $1,668,295,155.12. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. In related news, Chairman John C. Malone sold 139,065 shares of the firm’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $68.98, for a total transaction of $9,592,703.70. Following the transaction, the chairman now owns 2,401,365 shares in the company, valued at approximately $165,646,157.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Berkshire Hathaway Inc bought 199,664 shares of the stock in a transaction on Monday, March 25th. The stock was bought at an average price of $28.82 per share, for a total transaction of $5,754,316.48. Following the completion of the purchase, the insider now directly owns 57,886,716 shares in the company, valued at approximately $1,668,295,155.12. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 4,492,894 shares of company stock valued at $121,296,950 and sold 229,161 shares valued at $15,947,127.

Institutional Trading of Liberty Live Group

A number of institutional investors have recently modified their holdings of LLYVA. Berkshire Hathaway Inc acquired a new position in shares of Liberty Live Group in the third quarter worth $161,257,000. Vanguard Group Inc. increased its stake in Liberty Live Group by 2.3% in the first quarter. Vanguard Group Inc. now owns 2,040,447 shares of the company’s stock valued at $86,413,000 after purchasing an additional 45,325 shares during the last quarter. Baupost Group LLC MA acquired a new position in Liberty Live Group in the third quarter valued at $63,175,000. Aristeia Capital LLC acquired a new position in Liberty Live Group in the third quarter valued at $27,348,000. Finally, Alberta Investment Management Corp increased its stake in Liberty Live Group by 10.1% in the fourth quarter. Alberta Investment Management Corp now owns 764,951 shares of the company’s stock valued at $27,959,000 after purchasing an additional 70,000 shares during the last quarter. 25.07% of the stock is currently owned by hedge funds and other institutional investors.

About Liberty Live Group

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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.

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