Liberty Live Group (NASDAQ:LLYVA) Shares Down 6.9%

Shares of Liberty Live Group (NASDAQ:LLYVA) were down 6.9% during trading on Thursday . The stock traded as low as $37.06 and last traded at $37.06. Approximately 86,819 shares traded hands during trading, a decline of 49% from the average daily volume of 171,342 shares. The stock had previously closed at $39.82.

Liberty Live Group Price Performance

The company’s 50-day moving average price is $39.08 and its 200-day moving average price is $36.88.

Insider Buying and Selling

In related news, Chairman John C. Malone sold 139,065 shares of the business’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $68.98, for a total transaction of $9,592,703.70. Following the transaction, the chairman now directly owns 2,401,365 shares in the company, valued at $165,646,157.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Liberty Live Group news, Chairman John C. Malone sold 139,065 shares of Liberty Live Group stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $68.98, for a total transaction of $9,592,703.70. Following the transaction, the chairman now directly owns 2,401,365 shares of the company’s stock, valued at $165,646,157.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Berkshire Hathaway Inc bought 1,188,000 shares of Liberty Live Group stock in a transaction on Wednesday, March 6th. The shares were purchased at an average cost of $29.39 per share, for a total transaction of $34,915,320.00. Following the completion of the purchase, the insider now directly owns 50,682,902 shares of the company’s stock, valued at $1,489,570,489.78. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 6,457,501 shares of company stock worth $179,148,132 and have sold 229,103 shares worth $15,940,449.

Institutional Investors Weigh In On Liberty Live Group

Several large investors have recently added to or reduced their stakes in the business. Berkshire Hathaway Inc acquired a new position in Liberty Live Group during the 3rd quarter worth approximately $161,257,000. Vanguard Group Inc. grew its holdings in Liberty Live Group by 2.3% during the 1st quarter. Vanguard Group Inc. now owns 2,040,447 shares of the company’s stock worth $86,413,000 after acquiring an additional 45,325 shares in the last quarter. Baupost Group LLC MA acquired a new position in Liberty Live Group during the 3rd quarter worth approximately $63,175,000. Aristeia Capital LLC acquired a new position in shares of Liberty Live Group in the 3rd quarter valued at $27,348,000. Finally, Alberta Investment Management Corp boosted its holdings in shares of Liberty Live Group by 10.1% in the 4th quarter. Alberta Investment Management Corp now owns 764,951 shares of the company’s stock valued at $27,959,000 after buying an additional 70,000 shares in the last quarter. 25.07% of the stock is owned by hedge funds and other institutional investors.

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.