Liberty Live Group (NASDAQ:LLYVK) is ValueAct Holdings L.P.'s 7th Largest Position

ValueAct Holdings L.P. grew its stake in shares of Liberty Live Group (NASDAQ:LLYVK - Free Report) by 136.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,168,788 shares of the company's stock after buying an additional 1,831,288 shares during the period. Liberty Live Group accounts for approximately 4.9% of ValueAct Holdings L.P.'s portfolio, making the stock its 7th largest holding. ValueAct Holdings L.P. owned approximately 3.45% of Liberty Live Group worth $215,668,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Atlas Capital Advisors Inc. purchased a new stake in Liberty Live Group in the fourth quarter worth approximately $606,000. Northern Trust Corp boosted its stake in shares of Liberty Live Group by 20.2% during the fourth quarter. Northern Trust Corp now owns 242,694 shares of the company's stock valued at $16,518,000 after purchasing an additional 40,753 shares during the period. KBC Group NV boosted its stake in shares of Liberty Live Group by 25.7% during the fourth quarter. KBC Group NV now owns 2,727 shares of the company's stock valued at $186,000 after purchasing an additional 557 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Liberty Live Group by 61.8% during the fourth quarter. Bank of New York Mellon Corp now owns 224,606 shares of the company's stock valued at $15,287,000 after purchasing an additional 85,763 shares during the period. Finally, Waldron Private Wealth LLC purchased a new stake in shares of Liberty Live Group during the fourth quarter valued at approximately $256,000. Hedge funds and other institutional investors own 60.36% of the company's stock.

Insider Activity

In related news, Director Chase Carey sold 50,000 shares of the firm's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $94.60, for a total value of $4,730,000.00. Following the completion of the sale, the director now owns 93,102 shares of the company's stock, valued at $8,807,449.20. This trade represents a 34.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Liberty Live Group Trading Up 0.5%

Shares of NASDAQ:LLYVK traded up $0.36 during trading on Friday, reaching $76.87. 218,338 shares of the company traded hands, compared to its average volume of 359,414. The firm has a market capitalization of $7.06 billion, a price-to-earnings ratio of 284.70 and a beta of 1.54. Liberty Live Group has a 52-week low of $33.50 and a 52-week high of $81.66. The business's fifty day moving average is $70.88 and its 200-day moving average is $70.90.

Liberty Live Group (NASDAQ:LLYVK - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The company reported ($0.18) earnings per share for the quarter, missing analysts' consensus estimates of $0.04 by ($0.22).

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.