Liberty Live Group (NASDAQ:LLYVK) Sees Significant Decline in Short Interest

Liberty Live Group (NASDAQ:LLYVK) saw a large decrease in short interest in June. As of June 15th, there was short interest totalling 915,100 shares, a decrease of 23.7% from the May 31st total of 1,200,000 shares. Approximately 1.6% of the company’s stock are short sold. Based on an average daily volume of 336,900 shares, the short-interest ratio is currently 2.7 days.

Insider Buying and Selling at Liberty Live Group

In other news, major shareholder Berkshire Hathaway Inc purchased 219,303 shares of the company’s stock in a transaction that occurred on Friday, April 26th. The shares were acquired at an average cost of $24.46 per share, with a total value of $5,364,151.38. Following the transaction, the insider now owns 35,182,219 shares in the company, valued at approximately $860,557,076.74. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, Chairman John C. Malone sold 139,065 shares of the company’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $68.98, for a total transaction of $9,592,703.70. Following the sale, the chairman now directly owns 2,401,365 shares of the company’s stock, valued at approximately $165,646,157.70. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Berkshire Hathaway Inc purchased 219,303 shares of the company’s stock in a transaction that occurred on Friday, April 26th. The shares were purchased at an average cost of $24.46 per share, for a total transaction of $5,364,151.38. Following the completion of the transaction, the insider now owns 35,182,219 shares in the company, valued at approximately $860,557,076.74. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 3,769,555 shares of company stock valued at $100,335,332 and have sold 282,072 shares valued at $17,749,275.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in LLYVK. Quent Capital LLC bought a new position in shares of Liberty Live Group in the fourth quarter worth $43,000. Desjardins Global Asset Management Inc. bought a new position in shares of Liberty Live Group in the fourth quarter worth $55,000. Tower Research Capital LLC TRC grew its stake in shares of 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 worth $60,000 after purchasing an additional 897 shares in the last quarter. Mango Investments LLC bought a new position in shares of Liberty Live Group in the fourth quarter worth $100,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Liberty Live Group in the third quarter worth $119,000. 60.36% of the stock is currently owned by institutional investors.

Liberty Live Group Price Performance

LLYVK traded up $1.70 during trading on Friday, reaching $38.27. 664,206 shares of the company were exchanged, compared to its average volume of 374,996. The firm has a 50 day moving average of $37.96 and a 200 day moving average of $38.32. Liberty Live Group has a 52 week low of $29.63 and a 52 week high of $44.16.

Liberty Live Group (NASDAQ:LLYVK) last issued its quarterly earnings data on Wednesday, May 8th. The company reported ($0.79) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.78).

About Liberty Live Group

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.