Liberty Live Group (NASDAQ:LLYVK) Shares Acquired by ValueAct Holdings L.P.

ValueAct Holdings L.P. increased its position in shares of Liberty Live Group (NASDAQ:LLYVK) by 136.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,168,788 shares of the company’s stock after purchasing an additional 1,831,288 shares during the quarter. Liberty Live Group makes up approximately 4.9% of ValueAct Holdings L.P.’s holdings, making the stock its 7th biggest holding. ValueAct Holdings L.P. owned approximately 3.45% of Liberty Live Group worth $215,668,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Pilgrim Partners Asia Pte Ltd acquired a new position in Liberty Live Group during the 4th quarter worth $27,000. Lee Danner & Bass Inc. bought a new stake in shares of Liberty Live Group during the 4th quarter valued at $37,000. Murphy & Mullick Capital Management Corp bought a new stake in shares of Liberty Live Group during the 4th quarter valued at $44,000. PNC Financial Services Group Inc. raised its position in shares of Liberty Live Group by 16.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,378 shares of the company’s stock valued at $94,000 after acquiring an additional 192 shares during the last quarter. Finally, KBC Group NV raised its position in shares of Liberty Live Group by 25.7% during the 4th quarter. KBC Group NV now owns 2,727 shares of the company’s stock valued at $186,000 after acquiring an additional 557 shares during the last quarter. Institutional investors and hedge funds own 60.36% of the company’s stock.

Liberty Live Group Stock Performance

Shares of Liberty Live Group stock opened at $78.76 on Tuesday. The firm has a fifty day moving average of $69.90 and a two-hundred day moving average of $70.50. The stock has a market capitalization of $7.23 billion, a price-to-earnings ratio of 291.70 and a beta of 1.54. Liberty Live Group has a 52 week low of $33.50 and a 52 week high of $81.66.

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

Insider Activity at Liberty Live Group

In other Liberty Live Group news, Director Chase Carey sold 50,000 shares of the stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $94.60, for a total transaction of $4,730,000.00. Following the completion of the transaction, the director now owns 93,102 shares in the company, valued at approximately $8,807,449.20. This represents a 34.94% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Liberty Live Group Company Profile

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.