Millennium Management LLC Sells 36,638,719 Shares of Liberty Live Group (NASDAQ:LLYVA)

Millennium Management LLC lessened its position in Liberty Live Group (NASDAQ:LLYVA - Free Report) by 99.9% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 44,613 shares of the company's stock after selling 36,638,719 shares during the period. Millennium Management LLC's holdings in Liberty Live Group were worth $2,969,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. US Bancorp DE boosted its holdings in Liberty Live Group by 24.0% during the 4th quarter. US Bancorp DE now owns 822 shares of the company's stock valued at $55,000 after acquiring an additional 159 shares during the period. Deutsche Bank AG lifted its stake in shares of Liberty Live Group by 0.3% in the 4th quarter. Deutsche Bank AG now owns 82,094 shares of the company's stock valued at $5,464,000 after purchasing an additional 239 shares during the period. Daiwa Securities Group Inc. purchased a new position in shares of Liberty Live Group in the 4th quarter valued at approximately $27,000. Sterling Capital Management LLC lifted its stake in shares of Liberty Live Group by 65.2% in the 4th quarter. Sterling Capital Management LLC now owns 1,178 shares of the company's stock valued at $78,000 after purchasing an additional 465 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Liberty Live Group by 4.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,938 shares of the company's stock valued at $861,000 after purchasing an additional 521 shares during the period. Institutional investors and hedge funds own 25.07% of the company's stock.

Liberty Live Group Price Performance

LLYVA stock traded up $1.44 on Wednesday, reaching $74.22. 60,038 shares of the company traded hands, compared to its average volume of 140,141. Liberty Live Group has a one year low of $32.55 and a one year high of $79.63. The company has a market cap of $6.82 billion, a P/E ratio of 274.89 and a beta of 1.51. The firm has a fifty day simple moving average of $70.85 and a 200-day simple moving average of $70.06.

Liberty Live Group (NASDAQ:LLYVA - Get Free Report) last posted 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).

Insider Activity at Liberty Live Group

In other Liberty Live Group news, Director Chase Carey sold 100,000 shares of Liberty Live Group stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $96.38, for a total value of $9,638,000.00. Following the completion of the sale, the director now owns 93,102 shares of the company's stock, valued at approximately $8,973,170.76. This trade represents a 51.79% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Liberty Live Group 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.