Insider Selling: Liberty Live Group (NASDAQ:LLYVK) Director Sells 50,000 Shares of Stock

Liberty Live Group (NASDAQ:LLYVK) Director Chase Carey sold 50,000 shares of the firm’s stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $94.60, for a total value of $4,730,000.00. Following the transaction, the director now directly owns 93,102 shares of the company’s stock, valued at approximately $8,807,449.20. This trade represents a 34.94% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Liberty Live Group Stock Down 1.0%

LLYVK stock opened at $76.65 on Thursday. Liberty Live Group has a twelve month low of $33.50 and a twelve month high of $81.66. The firm has a market cap of $7.04 billion, a PE ratio of 283.89 and a beta of 1.54. The business has a 50 day moving average of $69.16 and a 200 day moving average of $69.93.

Liberty Live Group (NASDAQ:LLYVK) last posted its quarterly earnings data on Wednesday, May 7th. The company reported ($0.18) earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.22).

Institutional Trading of Liberty Live Group

Several institutional investors have recently added to or reduced their stakes in the business. GABELLI & Co INVESTMENT ADVISERS INC. boosted its stake in Liberty Live Group by 22.1% during the 1st quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 25,541 shares of the company’s stock valued at $1,740,000 after purchasing an additional 4,625 shares during the last quarter. Findlay Park Partners LLP boosted its stake in Liberty Live Group by 1.3% during the 1st quarter. Findlay Park Partners LLP now owns 37,674 shares of the company’s stock valued at $2,567,000 after purchasing an additional 500 shares during the last quarter. FORA Capital LLC purchased a new stake in Liberty Live Group during the 1st quarter valued at $436,000. Northwestern Mutual Wealth Management Co. boosted its stake in Liberty Live Group by 203.3% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 458 shares of the company’s stock valued at $31,000 after purchasing an additional 307 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. boosted its stake in Liberty Live Group by 20.5% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 8,395,466 shares of the company’s stock valued at $572,068,000 after purchasing an additional 1,426,605 shares during the last quarter. 60.36% of the stock is currently 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.