Liberty Live Group (NASDAQ:LLYVK) Trading Up 2.8% – What’s Next?

Liberty Live Group (NASDAQ:LLYVK) shot up 2.8% during trading on Tuesday . The stock traded as high as $70.63 and last traded at $70.05. 130,719 shares changed hands during trading, a decline of 62% from the average session volume of 346,548 shares. The stock had previously closed at $68.14.

Liberty Live Group Stock Performance

The stock has a market cap of $6.57 billion, a price-to-earnings ratio of -210.41 and a beta of 1.55. The firm’s 50-day moving average price is $72.18 and its two-hundred day moving average price is $65.89.

Institutional Trading of Liberty Live Group

Several hedge funds have recently made changes to their positions in the company. Pilgrim Partners Asia Pte Ltd acquired a new position in Liberty Live Group in the fourth quarter valued at approximately $27,000. Lee Danner & Bass Inc. purchased a new stake in Liberty Live Group in the fourth quarter valued at $37,000. Point72 Asia Singapore Pte. Ltd. lifted its stake in shares of Liberty Live Group by 1,000.0% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 583 shares of the company’s stock valued at $30,000 after purchasing an additional 530 shares during the last quarter. Murphy & Mullick Capital Management Corp purchased a new position in shares of Liberty Live Group during the 4th quarter worth $44,000. Finally, Franklin Resources Inc. increased its position in shares of Liberty Live Group by 900.0% during the 3rd quarter. Franklin Resources Inc. now owns 1,020 shares of the company’s stock worth $56,000 after purchasing an additional 918 shares during the last quarter. Hedge funds and other institutional investors own 60.36% 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.