Liberty Live Group (NASDAQ:LLYVK) Hits New 1-Year High – Here’s Why

Liberty Live Group (NASDAQ:LLYVK)’s stock price hit a new 52-week high on Thursday . The company traded as high as $74.08 and last traded at $73.66, with a volume of 11170 shares trading hands. The stock had previously closed at $73.04.

Liberty Live Group Stock Performance

The company has a 50-day simple moving average of $70.34 and a two-hundred day simple moving average of $55.42.

Liberty Live Group (NASDAQ:LLYVK) last issued its quarterly earnings results on Tuesday, November 12th. The company reported $0.16 earnings per share for the quarter.

Insider Activity

In other Liberty Live Group news, CEO Gregory B. Maffei sold 35,463 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of $71.53, for a total value of $2,536,668.39. Following the completion of the sale, the chief executive officer now owns 1,240,785 shares in the company, valued at approximately $88,753,351.05. This represents a 2.78 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Brian J. Wendling sold 1,094 shares of the stock in a transaction dated 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.

Hedge Funds Weigh In On Liberty Live Group

Hedge funds have recently made changes to their positions in the stock. Bank of Montreal Can lifted its holdings in shares of Liberty Live Group by 7,201.9% in the second quarter. Bank of Montreal Can now owns 23,512 shares of the company’s stock valued at $901,000 after purchasing an additional 23,190 shares in the last quarter. Cubist Systematic Strategies LLC boosted its stake in shares of Liberty Live Group by 85.4% in the second quarter. Cubist Systematic Strategies LLC now owns 43,928 shares of the company’s stock valued at $1,681,000 after purchasing an additional 20,228 shares during the period. Millennium Management LLC boosted its stake in shares of Liberty Live Group by 221.5% in the second quarter. Millennium Management LLC now owns 362,474 shares of the company’s stock valued at $13,872,000 after purchasing an additional 249,746 shares during the period. Quarry LP bought a new position in Liberty Live Group during the 2nd quarter valued at $28,000. Finally, Point72 DIFC Ltd acquired a new stake in shares of Liberty Live Group during the second quarter worth $157,000. Hedge funds and other institutional investors 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.