Liberty Live Group (NASDAQ:LLYVK) Shares Up 2.8% – Here’s Why

Liberty Live Group (NASDAQ:LLYVK) shares shot up 2.8% on Tuesday . The stock traded as high as $70.63 and last traded at $70.05. 130,719 shares were traded during mid-day trading, a decline of 62% from the average session volume of 346,548 shares. The stock had previously closed at $68.14.

Liberty Live Group Stock Up 4.4 %

The stock has a market capitalization of $6.53 billion, a P/E ratio of -208.51 and a beta of 1.55. The stock’s 50 day moving average price is $72.22 and its 200-day moving average price is $65.64.

Hedge Funds Weigh In On Liberty Live Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. ValueAct Holdings L.P. boosted its holdings in shares of Liberty Live Group by 136.9% in the 4th quarter. ValueAct Holdings L.P. now owns 3,168,788 shares of the company’s stock valued at $215,668,000 after buying an additional 1,831,288 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its position in Liberty Live Group by 25.8% during 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 during the last quarter. Finepoint Capital LP purchased a new position in Liberty Live Group in the fourth quarter worth $55,319,000. Norges Bank acquired a new position in shares of Liberty Live Group during the fourth quarter worth $49,458,000. Finally, JNE Partners LLP lifted its holdings in shares of Liberty Live Group by 28.5% during the 4th quarter. JNE Partners LLP now owns 1,300,890 shares of the company’s stock valued at $88,539,000 after purchasing an additional 288,390 shares during the last quarter. Hedge funds and other 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.