Liberty Live Group (NASDAQ:LLYVA) Trading Up 2.9% – Should You Buy?

Liberty Live Group (NASDAQ:LLYVA) shot up 2.9% during mid-day trading on Tuesday . The company traded as high as $69.34 and last traded at $69.16. 53,706 shares changed hands during mid-day trading, a decline of 61% from the average session volume of 138,518 shares. The stock had previously closed at $67.24.

Liberty Live Group Stock Performance

The company has a market capitalization of $6.45 billion, a P/E ratio of -206.06 and a beta of 1.54. The stock’s 50 day moving average price is $70.72 and its 200 day moving average price is $64.12.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. PointState Capital LP acquired a new stake in shares of Liberty Live Group during the 3rd quarter worth approximately $1,872,000. Point72 Asset Management L.P. grew its holdings in Liberty Live Group by 3.3% in the third quarter. Point72 Asset Management L.P. now owns 1,574,300 shares of the company’s stock worth $77,944,000 after purchasing an additional 49,784 shares during the period. Point72 DIFC Ltd bought a new stake in Liberty Live Group in the third quarter valued at $77,000. Quantinno Capital Management LP bought a new position in shares of Liberty Live Group during the 3rd quarter worth about $222,000. Finally, XTX Topco Ltd grew its stake in shares of Liberty Live Group by 39.5% in the 3rd quarter. XTX Topco Ltd now owns 9,926 shares of the company’s stock valued at $491,000 after buying an additional 2,813 shares during the period. 25.07% of the stock is owned by institutional investors.

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.