Liberty Live Group (NASDAQ:LLYVK) Reaches New 52-Week High – Still a Buy?

Liberty Live Group (NASDAQ:LLYVK)’s share price reached a new 52-week high on Wednesday . The company traded as high as $77.67 and last traded at $77.67, with a volume of 49396 shares. The stock had previously closed at $76.51.

Liberty Live Group Trading Up 1.7 %

The firm’s 50-day moving average price is $70.80 and its 200-day moving average price is $57.87.

Insider Buying and Selling at Liberty Live Group

In other Liberty Live Group news, CEO Gregory B. Maffei sold 35,463 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now owns 1,240,785 shares in the company, 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 Securities & Exchange Commission, which is available at this link. Also, CAO Brian J. Wendling sold 1,094 shares of the stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $69.57, for a total value of $76,109.58. The disclosure for this sale can be found here.

Hedge Funds Weigh In On Liberty Live Group

Several hedge funds have recently bought and sold shares of the business. Point72 Asia Singapore Pte. Ltd. boosted its holdings in shares of 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. Lee Danner & Bass Inc. bought a new stake in Liberty Live Group during the 4th quarter valued at $37,000. Murphy & Mullick Capital Management Corp purchased a new stake in shares of Liberty Live Group in the 4th quarter worth $44,000. Franklin Resources Inc. lifted its holdings in shares of Liberty Live Group by 900.0% in the 3rd quarter. Franklin Resources Inc. now owns 1,020 shares of the company’s stock worth $56,000 after buying an additional 918 shares during the period. Finally, PNC Financial Services Group Inc. grew its position in shares of Liberty Live Group by 16.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,378 shares of the company’s stock worth $94,000 after buying an additional 192 shares in the last quarter. 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.