Short Interest in Liberty Live Group (NASDAQ:LLYVK) Expands By 58.0%

Liberty Live Group (NASDAQ:LLYVK) was the target of a large increase in short interest in the month of March. As of March 15th, there was short interest totalling 1,580,000 shares, an increase of 58.0% from the February 28th total of 1,000,000 shares. Based on an average trading volume of 360,400 shares, the short-interest ratio is presently 4.4 days. Approximately 2.8% of the company’s shares are short sold.

Liberty Live Group Trading Down 3.1 %

NASDAQ:LLYVK traded down $2.16 during mid-day trading on Friday, hitting $66.90. The company had a trading volume of 744,108 shares, compared to its average volume of 342,085. Liberty Live Group has a 1 year low of $33.50 and a 1 year high of $81.66. The business has a fifty day simple moving average of $72.26 and a 200-day simple moving average of $65.09. The firm has a market capitalization of $6.14 billion, a price-to-earnings ratio of -196.76 and a beta of 1.55.

Institutional Investors Weigh In On Liberty Live Group

Several hedge funds have recently modified their holdings of the stock. T. Rowe Price Investment Management Inc. grew its position in Liberty Live Group by 25.8% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 6,968,861 shares of the company’s stock valued at $474,301,000 after acquiring an additional 1,427,968 shares in the last quarter. Vanguard Group Inc. grew its holdings in Liberty Live Group by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 4,759,475 shares of the company’s stock valued at $323,930,000 after purchasing an additional 56,026 shares in the last quarter. ValueAct Holdings L.P. grew its holdings in Liberty Live Group by 136.9% during the 4th quarter. ValueAct Holdings L.P. now owns 3,168,788 shares of the company’s stock valued at $215,668,000 after purchasing an additional 1,831,288 shares in the last quarter. D. E. Shaw & Co. Inc. increased its stake in Liberty Live Group by 2.7% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,567,869 shares of the company’s stock worth $106,709,000 after buying an additional 41,717 shares during the period. Finally, JNE Partners LLP lifted its holdings in Liberty Live Group by 28.5% in the 4th quarter. JNE Partners LLP now owns 1,300,890 shares of the company’s stock worth $88,539,000 after buying an additional 288,390 shares in the last quarter. 60.36% of the stock is currently owned by hedge funds and other 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.