Liberty Live Group (NASDAQ:LLYVK) Sees Large Volume Increase – Time to Buy?

Liberty Live Group (NASDAQ:LLYVK) saw strong trading volume on Wednesday . 1,145,745 shares changed hands during trading, an increase of 252% from the previous session’s volume of 325,246 shares.The stock last traded at $65.77 and had previously closed at $67.19.

Liberty Live Group Stock Performance

The stock has a 50 day simple moving average of $52.00 and a two-hundred day simple moving average of $43.12.

Insider Activity at Liberty Live Group

In other news, CAO Brian J. Wendling sold 10,011 shares of the company’s stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $73.80, for a total transaction of $738,811.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Andrea L. Wong sold 1,604 shares of the business’s stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of $47.41, for a total transaction of $76,045.64. Following the completion of the sale, the director now directly owns 5,274 shares of the company’s stock, valued at approximately $250,040.34. The trade was a 23.32 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 30,817 shares of company stock worth $2,327,591.

Hedge Funds Weigh In On Liberty Live Group

Hedge funds and other institutional investors have recently modified their holdings of the business. Linonia Partnership LP grew its holdings in Liberty Live Group by 7.3% in the 3rd quarter. Linonia Partnership LP now owns 5,703,902 shares of the company’s stock valued at $292,781,000 after buying an additional 389,078 shares in the last quarter. D. E. Shaw & Co. Inc. boosted its holdings in Liberty Live Group by 7.9% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 1,404,019 shares of the company’s stock valued at $53,732,000 after purchasing an additional 102,967 shares during the last quarter. Troluce Capital Advisors LLC grew its stake in shares of 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 valued at $49,942,000 after buying an additional 367,900 shares during the period. Bamco Inc. NY increased its holdings in shares of Liberty Live Group by 23.4% during the 3rd quarter. Bamco Inc. NY now owns 1,167,019 shares of the company’s stock worth $59,903,000 after buying an additional 221,666 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its position in shares of Liberty Live Group by 5.3% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,082,764 shares of the company’s stock valued at $55,578,000 after buying an additional 54,473 shares during the period. 60.36% of the stock is owned by hedge funds and other institutional investors.

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.