Redwood Investment Management LLC Takes Position in Liberty Live Group (NASDAQ:LLYVA)

Redwood Investment Management LLC acquired a new position in shares of Liberty Live Group (NASDAQ:LLYVA) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 6,952 shares of the company’s stock, valued at approximately $463,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Daiwa Securities Group Inc. acquired a new position in shares of Liberty Live Group during the fourth quarter worth approximately $27,000. US Bancorp DE lifted its position in Liberty Live Group by 24.0% in the fourth quarter. US Bancorp DE now owns 822 shares of the company’s stock worth $55,000 after purchasing an additional 159 shares during the period. Sterling Capital Management LLC lifted its position in Liberty Live Group by 65.2% in the fourth quarter. Sterling Capital Management LLC now owns 1,178 shares of the company’s stock worth $78,000 after purchasing an additional 465 shares during the period. Tower Research Capital LLC TRC lifted its position in Liberty Live Group by 215.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,361 shares of the company’s stock worth $91,000 after purchasing an additional 929 shares during the period. Finally, MassMutual Private Wealth & Trust FSB lifted its position in Liberty Live Group by 39,550.0% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 3,172 shares of the company’s stock worth $211,000 after purchasing an additional 3,164 shares during the period. 25.07% of the stock is currently owned by institutional investors and hedge funds.

Liberty Live Group Price Performance

LLYVA opened at $77.91 on Friday. The company has a market capitalization of $7.15 billion, a price-to-earnings ratio of 288.56 and a beta of 1.51. Liberty Live Group has a 1-year low of $32.55 and a 1-year high of $79.63. The business has a 50 day moving average price of $68.56 and a two-hundred day moving average price of $68.76.

Liberty Live Group (NASDAQ:LLYVA) last released its earnings results 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).

Insiders Place Their Bets

In other news, Director Chase Carey sold 100,000 shares of the stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $96.38, for a total transaction of $9,638,000.00. Following the completion of the sale, the director now owns 93,102 shares in the company, valued at approximately $8,973,170.76. This represents a 51.79% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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.