Short Interest in Liberty Live Group (NASDAQ:LLYVK) Drops By 21.9%

Liberty Live Group (NASDAQ:LLYVK) was the recipient of a significant decline in short interest during the month of April. As of April 15th, there was short interest totalling 1,070,000 shares, a decline of 21.9% from the March 31st total of 1,370,000 shares. Based on an average daily volume of 364,200 shares, the days-to-cover ratio is presently 2.9 days. Approximately 1.8% of the shares of the stock are sold short.

Liberty Live Group Price Performance

LLYVK stock remained flat at $37.46 during mid-day trading on Friday. 427,821 shares of the company’s stock were exchanged, compared to its average volume of 333,087. Liberty Live Group has a fifty-two week low of $29.63 and a fifty-two week high of $44.16. The company has a 50 day simple moving average of $40.41 and a 200-day simple moving average of $36.97.

Insider Transactions at Liberty Live Group

In other news, major shareholder Berkshire Hathaway Inc bought 495,739 shares of the stock in a transaction dated Tuesday, January 30th. The stock was purchased at an average cost of $30.12 per share, for a total transaction of $14,931,658.68. Following the transaction, the insider now owns 47,967,158 shares of the company’s stock, valued at $1,444,770,798.96. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Over the last three months, insiders have bought 6,817,430 shares of company stock valued at $191,540,285.

Hedge Funds Weigh In On Liberty Live Group

A number of large investors have recently bought and sold shares of LLYVK. State of Alaska Department of Revenue bought a new stake in Liberty Live Group during the 3rd quarter valued at about $1,851,000. DAVENPORT & Co LLC bought a new stake in shares of Liberty Live Group in the third quarter valued at about $350,000. Handelsbanken Fonder AB purchased a new stake in Liberty Live Group in the third quarter worth about $300,000. Pinnacle Associates Ltd. purchased a new stake in Liberty Live Group in the third quarter worth about $373,000. Finally, Bank of New York Mellon Corp bought a new position in Liberty Live Group during the 3rd quarter worth about $4,645,000. Hedge funds and other institutional investors own 60.36% of the company’s stock.

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.