Liberty Live Group (NASDAQ:LLYVA) Sees Large Decline in Short Interest

Liberty Live Group (NASDAQ:LLYVA) was the recipient of a large drop in short interest during the month of October. As of October 15th, there was short interest totalling 507,300 shares, a drop of 8.3% from the September 30th total of 553,200 shares. Based on an average daily volume of 125,400 shares, the days-to-cover ratio is currently 4.0 days. Approximately 2.1% of the company’s shares are sold short.

Insider Buying and Selling

In other news, Director Andrea L. Wong sold 1,604 shares of the business’s stock in a transaction that occurred on Wednesday, September 25th. The shares were sold at an average price of $47.41, for a total value of $76,045.64. Following the sale, the director now directly owns 5,274 shares of the company’s stock, valued at approximately $250,040.34. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider Renee L. Wilm sold 19,202 shares of the firm’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $78.78, for a total transaction of $1,512,733.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Andrea L. Wong sold 1,604 shares of the business’s stock in a transaction dated Wednesday, September 25th. The stock was sold at an average price of $47.41, for a total transaction of $76,045.64. Following the sale, the director now owns 5,274 shares in the company, valued at $250,040.34. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 30,817 shares of company stock valued at $2,327,591.

Institutional Investors Weigh In On Liberty Live Group

Large investors have recently modified their holdings of the company. swisspartners Advisors Ltd raised its stake in Liberty Live Group by 5.3% in the third quarter. swisspartners Advisors Ltd now owns 43,849 shares of the company’s stock valued at $2,171,000 after buying an additional 2,220 shares in the last quarter. Pinnacle Associates Ltd. raised its position in shares of Liberty Live Group by 1.5% during the 3rd quarter. Pinnacle Associates Ltd. now owns 100,428 shares of the company’s stock worth $4,972,000 after acquiring an additional 1,528 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new stake in Liberty Live Group during the second quarter worth approximately $560,000. Susquehanna International Group LLP boosted its holdings in Liberty Live Group by 22.2% in the second quarter. Susquehanna International Group LLP now owns 169,186 shares of the company’s stock valued at $6,346,000 after purchasing an additional 30,775 shares in the last quarter. Finally, Linonia Partnership LP boosted its holdings in Liberty Live Group by 91.1% in the second quarter. Linonia Partnership LP now owns 2,278,633 shares of the company’s stock valued at $85,472,000 after purchasing an additional 1,086,337 shares in the last quarter. 25.07% of the stock is owned by hedge funds and other institutional investors.

Liberty Live Group Trading Up 0.1 %

Shares of NASDAQ LLYVA opened at $56.74 on Friday. The business’s fifty day simple moving average is $46.80 and its 200-day simple moving average is $40.38. Liberty Live Group has a 12-month low of $30.73 and a 12-month high of $58.19.

Liberty Live Group (NASDAQ:LLYVA) last posted its quarterly earnings results on Thursday, August 8th. The company reported $1.46 earnings per share (EPS) for the quarter.

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.