Liberty Live Group (NASDAQ:LLYVK - Get Free Report) saw a significant decrease in short interest in the month of April. As of April 15th, there was short interest totalling 1,070,000 shares, a decrease of 21.9% from the March 31st total of 1,370,000 shares. Based on an average trading volume of 364,200 shares, the short-interest ratio is currently 2.9 days. Currently, 1.8% of the shares of the stock are short sold.
Insiders Place Their Bets
In other Liberty Live Group news, major shareholder Berkshire Hathaway Inc bought 175,827 shares of the company's stock in a transaction dated Thursday, February 1st. The stock was acquired at an average price of $30.70 per share, with a total value of $5,397,888.90. Following the completion of the acquisition, the insider now directly owns 48,499,472 shares of the company's stock, valued at $1,488,933,790.40. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last ninety days, insiders purchased 6,817,430 shares of company stock worth $191,540,285.
Institutional Trading of Liberty Live Group
Several hedge funds have recently made changes to their positions in the business. Arizona State Retirement System lifted its position in shares of Liberty Live Group by 4.7% during the fourth quarter. Arizona State Retirement System now owns 14,224 shares of the company's stock worth $532,000 after purchasing an additional 643 shares in the last quarter. Dougherty Wealth Advisers LLC acquired a new stake in Liberty Live Group in the third quarter valued at approximately $25,000. Tower Research Capital LLC TRC raised its holdings in Liberty Live Group by 124.6% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,617 shares of the company's stock valued at $60,000 after acquiring an additional 897 shares in the last quarter. Balentine LLC acquired a new stake in Liberty Live Group in the third quarter valued at approximately $35,000. Finally, Quent Capital LLC acquired a new stake in Liberty Live Group in the fourth quarter valued at approximately $43,000. Institutional investors and hedge funds own 60.36% of the company's stock.
Liberty Live Group Stock Performance
Shares of LLYVK remained flat at $37.46 during mid-day trading on Friday. 427,821 shares of the company were exchanged, compared to its average volume of 333,087. Liberty Live Group has a 12-month low of $29.63 and a 12-month high of $44.16. The company has a 50-day moving average of $40.41 and a two-hundred day moving average of $37.00.
About Liberty Live Group
(
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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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