Liberty Live Group (NASDAQ:LLYVK) Sets New 12-Month High – Time to Buy?

Liberty Live Group (NASDAQ:LLYVK)’s stock price hit a new 52-week high during trading on Wednesday . The stock traded as high as $75.70 and last traded at $75.48, with a volume of 269610 shares changing hands. The stock had previously closed at $73.93.

Liberty Live Group Price Performance

The stock’s 50-day moving average is $70.45 and its two-hundred day moving average is $56.26.

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

Insider Transactions at Liberty Live Group

In other 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 transaction of $2,536,668.39. Following the transaction, the chief executive officer now owns 1,240,785 shares of the company’s stock, valued at approximately $88,753,351.05. This represents a 2.78 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Brian J. Wendling sold 1,094 shares of the company’s stock in a transaction dated 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.

Hedge Funds Weigh In On Liberty Live Group

A number of hedge funds and other institutional investors have recently modified their holdings of LLYVK. Quarry LP bought a new stake in Liberty Live Group during the second quarter valued at about $28,000. Allspring Global Investments Holdings LLC lifted its position in shares of Liberty Live Group by 5.3% during the third 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 last quarter. Pinnacle Associates Ltd. boosted its holdings in shares of Liberty Live Group by 2.4% in the 3rd quarter. Pinnacle Associates Ltd. now owns 11,438 shares of the company’s stock valued at $587,000 after buying an additional 272 shares in the last quarter. Victory Capital Management Inc. grew its position in shares of Liberty Live Group by 1.7% in the 3rd quarter. Victory Capital Management Inc. now owns 12,257 shares of the company’s stock worth $629,000 after buying an additional 199 shares during the last quarter. Finally, KBC Group NV raised its stake in shares of Liberty Live Group by 26.8% during the 3rd quarter. KBC Group NV now owns 2,170 shares of the company’s stock worth $111,000 after acquiring an additional 458 shares in the last quarter. 60.36% of the stock is currently owned by 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.