Liberty Live Group (NASDAQ:LLYVK) Sees Strong Trading Volume – Time to Buy?

Liberty Live Group (NASDAQ:LLYVK) saw an uptick in trading volume on Thursday . 353,926 shares changed hands during mid-day trading, an increase of 10% from the previous session’s volume of 320,375 shares.The stock last traded at $62.50 and had previously closed at $66.82.

Liberty Live Group Stock Down 7.6 %

The firm has a market cap of $5.67 billion, a price-to-earnings ratio of -181.81 and a beta of 1.55. The business has a 50 day moving average of $72.57 and a 200 day moving average of $62.99.

Insiders Place Their Bets

In related news, CEO Gregory B. Maffei sold 35,463 shares of the stock in a transaction dated 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 directly owns 1,240,785 shares in the company, valued at approximately $88,753,351.05. This represents a 2.78 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Victory Capital Management Inc. boosted its position in shares of Liberty Live Group by 1.7% in the third quarter. Victory Capital Management Inc. now owns 12,257 shares of the company’s stock worth $629,000 after acquiring an additional 199 shares during the last quarter. KBC Group NV raised its stake in Liberty Live Group by 26.8% during the third quarter. KBC Group NV now owns 2,170 shares of the company’s stock worth $111,000 after purchasing an additional 458 shares during the period. Commerce Bank boosted its holdings in shares of Liberty Live Group by 79.9% in the 3rd quarter. Commerce Bank now owns 16,684 shares of the company’s stock valued at $856,000 after purchasing an additional 7,408 shares during the last quarter. Makena Capital Management LLC purchased a new stake in shares of Liberty Live Group during the 3rd quarter valued at $10,222,000. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Liberty Live Group by 1.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 395,077 shares of the company’s stock worth $20,279,000 after buying an additional 5,110 shares during the last quarter. Institutional investors and hedge funds 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.