Kornitzer Capital Management Inc. KS Lowers Stake in Liberty Live Group (NASDAQ:LLYVK)

Kornitzer Capital Management Inc. KS cut its position in shares of Liberty Live Group (NASDAQ:LLYVK) by 30.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 35,000 shares of the company’s stock after selling 15,000 shares during the quarter. Kornitzer Capital Management Inc. KS’s holdings in Liberty Live Group were worth $2,382,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. grew its holdings in Liberty Live Group by 1,000.0% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 583 shares of the company’s stock valued at $30,000 after purchasing an additional 530 shares during the period. Franklin Resources Inc. grew its holdings in Liberty Live Group by 900.0% in the third quarter. Franklin Resources Inc. now owns 1,020 shares of the company’s stock valued at $56,000 after purchasing an additional 918 shares during the period. KBC Group NV grew its holdings in Liberty Live Group by 26.8% in the third quarter. KBC Group NV now owns 2,170 shares of the company’s stock valued at $111,000 after purchasing an additional 458 shares during the period. Simon Quick Advisors LLC purchased a new stake in Liberty Live Group in the fourth quarter valued at approximately $210,000. Finally, Miracle Mile Advisors LLC purchased a new stake in Liberty Live Group in the fourth quarter valued at approximately $211,000. 60.36% of the stock is currently owned by hedge funds and other institutional investors.

Liberty Live Group Stock Performance

Liberty Live Group stock opened at $79.92 on Thursday. Liberty Live Group has a 1 year low of $33.50 and a 1 year high of $80.90. The firm has a 50 day moving average price of $71.73 and a 200 day moving average price of $59.48.

Insider Activity at Liberty Live Group

In other Liberty Live Group news, CEO Gregory B. Maffei sold 35,463 shares of Liberty Live Group stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $71.53, for a total transaction of $2,536,668.39. Following the transaction, the chief executive officer now directly owns 1,240,785 shares of the company’s stock, valued at $88,753,351.05. The trade was a 2.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Liberty Live Group Company Profile

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.