ValueAct Holdings L.P. Has $84.43 Million Position in Liberty Live Group (NASDAQ:LLYVA)

ValueAct Holdings L.P. raised its stake in Liberty Live Group (NASDAQ:LLYVA - Free Report) by 88.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,268,448 shares of the company's stock after purchasing an additional 596,648 shares during the quarter. Liberty Live Group accounts for about 1.9% of ValueAct Holdings L.P.'s portfolio, making the stock its 12th biggest position. ValueAct Holdings L.P. owned approximately 1.38% of Liberty Live Group worth $84,428,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of LLYVA. Daiwa Securities Group Inc. purchased a new stake in shares of Liberty Live Group during the 4th quarter valued at $27,000. US Bancorp DE increased its position in Liberty Live Group by 24.0% in the fourth quarter. US Bancorp DE now owns 822 shares of the company's stock worth $55,000 after buying an additional 159 shares during the last quarter. Sterling Capital Management LLC raised its stake in shares of Liberty Live Group by 65.2% in the fourth quarter. Sterling Capital Management LLC now owns 1,178 shares of the company's stock valued at $78,000 after buying an additional 465 shares during the period. Tower Research Capital LLC TRC lifted its position in shares of Liberty Live Group by 215.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,361 shares of the company's stock valued at $91,000 after buying an additional 929 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its stake in shares of Liberty Live Group by 39,550.0% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 3,172 shares of the company's stock worth $211,000 after acquiring an additional 3,164 shares during the period. Hedge funds and other institutional investors own 25.07% of the company's stock.

Insider Activity at Liberty Live Group

In related news, Director Chase Carey sold 100,000 shares of the firm's stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $96.38, for a total value of $9,638,000.00. Following the completion of the transaction, the director now directly 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Liberty Live Group Stock Up 0.2%

NASDAQ LLYVA opened at $78.08 on Tuesday. Liberty Live Group has a 52 week low of $32.55 and a 52 week high of $79.63. The company has a market cap of $7.17 billion, a PE ratio of 289.19 and a beta of 1.51. The firm's 50-day simple moving average is $68.81 and its two-hundred day simple moving average is $69.08.

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 the consensus estimate of $0.04 by ($0.22).

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.

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