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

Liberty Live Group (NASDAQ:LLYVA) hit a new 52-week high during trading on Wednesday . The company traded as high as $71.77 and last traded at $71.68, with a volume of 14045 shares. The stock had previously closed at $70.95.

Liberty Live Group Price Performance

The business’s 50-day moving average price is $56.82 and its two-hundred day moving average price is $44.23.

Insiders Place Their Bets

In related news, Director Andrea L. Wong sold 1,604 shares of the company’s stock in a transaction that occurred on Wednesday, September 25th. The shares were sold at an average price of $47.41, for a total transaction of $76,045.64. Following the completion of the transaction, the director now owns 5,274 shares of the company’s stock, valued at approximately $250,040.34. This represents a 23.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 transaction of $76,109.58. The disclosure for this sale can be found here. In the last three months, insiders sold 31,911 shares of company stock valued at $2,403,701.

Institutional Trading of Liberty Live Group

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Wilmington Savings Fund Society FSB acquired a new stake in Liberty Live Group in the 3rd quarter valued at $1,127,000. Virtu Financial LLC boosted its position in shares of Liberty Live Group by 141.2% in the third quarter. Virtu Financial LLC now owns 182,372 shares of the company’s stock worth $9,029,000 after buying an additional 106,752 shares during the period. Barclays PLC boosted its position in shares of Liberty Live Group by 21.5% in the third quarter. Barclays PLC now owns 24,532 shares of the company’s stock worth $1,214,000 after buying an additional 4,335 shares during the period. ValueAct Holdings L.P. purchased a new stake in shares of Liberty Live Group during the 3rd quarter valued at about $33,261,000. Finally, Orion Portfolio Solutions LLC acquired a new position in Liberty Live Group during the 3rd quarter worth approximately $795,000. Institutional investors and hedge funds own 25.07% 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.