Highbridge Capital Management LLC Cuts Position in Liberty Live Group (NASDAQ:LLYVK)

Highbridge Capital Management LLC cut its holdings in Liberty Live Group (NASDAQ:LLYVK) by 62.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 296,965 shares of the company’s stock after selling 493,625 shares during the period. Highbridge Capital Management LLC’s holdings in Liberty Live Group were worth $20,211,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Point72 Asia Singapore Pte. Ltd. grew its stake in Liberty Live Group by 1,000.0% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 583 shares of the company’s stock valued at $30,000 after purchasing an additional 530 shares during the period. Lee Danner & Bass Inc. purchased a new position in shares of Liberty Live Group in the 4th quarter worth about $37,000. Murphy & Mullick Capital Management Corp purchased a new position in shares of Liberty Live Group in the 4th quarter worth about $44,000. Franklin Resources Inc. grew its position in Liberty Live Group by 900.0% during the third quarter. Franklin Resources Inc. now owns 1,020 shares of the company’s stock valued at $56,000 after buying an additional 918 shares during the period. Finally, PNC Financial Services Group Inc. increased its holdings in Liberty Live Group by 16.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,378 shares of the company’s stock worth $94,000 after buying an additional 192 shares during the last quarter. 60.36% of the stock is owned by hedge funds and other institutional investors.

Liberty Live Group Stock Down 0.1 %

LLYVK opened at $69.06 on Friday. Liberty Live Group has a twelve month low of $33.50 and a twelve month high of $81.66. The company’s 50-day moving average price is $72.33 and its two-hundred day moving average price is $64.90. The stock has a market cap of $6.34 billion, a price-to-earnings ratio of -203.12 and a beta of 1.55.

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.