Liberty Live Group (NASDAQ:LLYVK - Get Free Report) was the target of a large increase in short interest in March. As of March 15th, there was short interest totalling 1,580,000 shares, an increase of 58.0% from the February 28th total of 1,000,000 shares. Currently, 2.8% of the company's stock are short sold. Based on an average daily volume of 360,400 shares, the days-to-cover ratio is presently 4.4 days.
Institutional Investors Weigh In On Liberty Live Group
Hedge funds have recently modified their holdings of the business. Pilgrim Partners Asia Pte Ltd purchased a new stake in shares of Liberty Live Group in the fourth quarter worth about $27,000. Point72 Asia Singapore Pte. Ltd. grew its position in Liberty Live Group by 1,000.0% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 583 shares of the company's stock worth $30,000 after acquiring an additional 530 shares in the last quarter. Lee Danner & Bass Inc. purchased a new stake in Liberty Live Group during the fourth quarter valued at approximately $37,000. Murphy & Mullick Capital Management Corp bought a new stake in shares of Liberty Live Group in the 4th quarter valued at approximately $44,000. Finally, Franklin Resources Inc. boosted its holdings in shares of Liberty Live Group by 900.0% in the 3rd quarter. Franklin Resources Inc. now owns 1,020 shares of the company's stock worth $56,000 after purchasing an additional 918 shares during the period. Institutional investors own 60.36% of the company's stock.
Liberty Live Group Price Performance
Liberty Live Group stock traded up $1.51 during midday trading on Wednesday, reaching $71.54. 456,463 shares of the company traded hands, compared to its average volume of 350,396. The business has a 50 day moving average of $72.17 and a two-hundred day moving average of $65.85. The firm has a market capitalization of $6.57 billion, a price-to-earnings ratio of -210.41 and a beta of 1.55. Liberty Live Group has a 12 month low of $33.50 and a 12 month high of $81.66.
About Liberty Live Group
(
Get Free Report)
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.
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