Principal Financial Group Inc. Cuts Stock Holdings in Liberty Live Group (NASDAQ:LLYVK)

Principal Financial Group Inc. reduced its position in Liberty Live Group (NASDAQ:LLYVK) by 1.3% in the third quarter, Holdings Channel.com reports. The fund owned 189,069 shares of the company’s stock after selling 2,558 shares during the period. Principal Financial Group Inc.’s holdings in Liberty Live Group were worth $9,705,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in LLYVK. Quarry LP bought a new stake in shares of Liberty Live Group in the second quarter worth $28,000. Beach Investment Counsel Inc. PA purchased a new stake in Liberty Live Group in the second quarter worth about $30,000. Whittier Trust Co. raised its stake in shares of Liberty Live Group by 1,359.3% in the second quarter. Whittier Trust Co. now owns 861 shares of the company’s stock worth $33,000 after buying an additional 802 shares during the period. Daiwa Securities Group Inc. bought a new position in shares of Liberty Live Group in the second quarter worth about $39,000. Finally, Hahn Capital Management LLC lifted its position in shares of Liberty Live Group by 33.6% during the 2nd quarter. Hahn Capital Management LLC now owns 2,908 shares of the company’s stock valued at $111,000 after buying an additional 732 shares in the last quarter. 60.36% of the stock is owned by institutional investors.

Liberty Live Group Price Performance

Liberty Live Group stock opened at $67.07 on Tuesday. Liberty Live Group has a 12-month low of $32.49 and a 12-month high of $69.07. The firm has a 50 day moving average of $53.60 and a 200 day moving average of $43.76.

Insiders Place Their Bets

In related news, insider Renee L. Wilm sold 19,202 shares of the business’s stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $78.78, for a total value of $1,512,733.56. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Andrea L. Wong sold 1,604 shares of the stock in a transaction that occurred on Wednesday, September 25th. The shares were sold at an average price of $47.41, for a total transaction 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. This trade represents a 23.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 30,817 shares of company stock worth $2,327,591 over the last three months.

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.