Liberty Live Group (NASDAQ:LLYVA) Hits New 12-Month High – Time to Buy?

Shares of Liberty Live Group (NASDAQ:LLYVA) reached a new 52-week high on Thursday . The company traded as high as $74.99 and last traded at $74.23, with a volume of 198909 shares trading hands. The stock had previously closed at $74.04.

Liberty Live Group Stock Performance

The stock has a 50 day simple moving average of $68.91 and a 200-day simple moving average of $55.16.

Liberty Live Group (NASDAQ:LLYVA) last posted its quarterly earnings results on Tuesday, November 12th. The company reported $0.16 earnings per share (EPS) for the quarter.

Insiders Place Their Bets

In other news, CEO Gregory B. Maffei sold 35,463 shares of the firm’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $71.53, for a total transaction of $2,536,668.39. Following the sale, the chief executive officer now owns 1,240,785 shares of the company’s stock, valued at $88,753,351.05. This trade represents a 2.78 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Brian J. Wendling sold 1,094 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $69.57, for a total transaction of $76,109.58. The disclosure for this sale can be found here.

Institutional Investors Weigh In On Liberty Live Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in LLYVA. US Bancorp DE lifted its holdings in shares of 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 buying an additional 159 shares during the period. Point72 DIFC Ltd purchased a new stake in Liberty Live Group during the third quarter valued at $77,000. MassMutual Private Wealth & Trust FSB lifted its holdings in Liberty Live Group by 39,550.0% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 3,172 shares of the company’s stock valued at $211,000 after acquiring an additional 3,164 shares during the period. Quantinno Capital Management LP purchased a new position in Liberty Live Group in the third quarter worth about $222,000. Finally, HB Wealth Management LLC bought a new stake in shares of Liberty Live Group during the 4th quarter valued at about $244,000. Hedge funds and other institutional investors own 25.07% of the company’s stock.

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.