Liberty Live Group (NASDAQ:LLYVA) Shares Down 6.4% – Here’s Why

Liberty Live Group (NASDAQ:LLYVA) dropped 6.4% on Thursday . The company traded as low as $61.00 and last traded at $61.24. Approximately 120,333 shares changed hands during trading, an increase of 3% from the average daily volume of 116,374 shares. The stock had previously closed at $65.41.

Liberty Live Group Price Performance

The firm has a market cap of $5.55 billion, a price-to-earnings ratio of -178.07 and a beta of 1.54. The firm’s fifty day moving average is $70.82 and its 200-day moving average is $61.51.

Insider Transactions at Liberty Live Group

In other Liberty Live Group news, CEO Gregory B. Maffei sold 35,463 shares of the stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $71.53, for a total value of $2,536,668.39. Following the transaction, the chief executive officer now 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Hedge Funds Weigh In On Liberty Live Group

A number of large investors have recently modified their holdings of the company. Linonia Partnership LP grew its holdings in shares of Liberty Live Group by 9.7% during the third quarter. Linonia Partnership LP now owns 2,498,950 shares of the company’s stock valued at $123,723,000 after buying an additional 220,317 shares during the last quarter. HBK Investments L P purchased a new stake in Liberty Live Group in the 3rd quarter valued at $8,979,000. PointState Capital LP bought a new position in Liberty Live Group during the 3rd quarter valued at $1,872,000. Point72 Asset Management L.P. boosted its holdings in Liberty Live Group by 3.3% during the 3rd quarter. Point72 Asset Management L.P. now owns 1,574,300 shares of the company’s stock worth $77,944,000 after acquiring an additional 49,784 shares during the last quarter. Finally, Point72 DIFC Ltd bought a new stake in shares of Liberty Live Group in the 3rd quarter worth $77,000. 25.07% of the stock is currently owned by institutional investors.

Liberty Live Group Company Profile

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.