Franklin Resources Inc. Raises Holdings in Liberty Live Group (NASDAQ:LLYVK)

Franklin Resources Inc. boosted its stake in shares of Liberty Live Group (NASDAQ:LLYVK) by 900.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,020 shares of the company’s stock after acquiring an additional 918 shares during the quarter. Franklin Resources Inc.’s holdings in Liberty Live Group were worth $56,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Victory Capital Management Inc. boosted its stake in shares of Liberty Live Group by 1.7% during the 3rd quarter. Victory Capital Management Inc. now owns 12,257 shares of the company’s stock worth $629,000 after acquiring an additional 199 shares in the last quarter. Pinnacle Associates Ltd. boosted its position in Liberty Live Group by 2.4% during the third quarter. Pinnacle Associates Ltd. now owns 11,438 shares of the company’s stock worth $587,000 after purchasing an additional 272 shares in the last quarter. KBC Group NV grew its holdings in Liberty Live Group by 26.8% in the third quarter. KBC Group NV now owns 2,170 shares of the company’s stock valued at $111,000 after purchasing an additional 458 shares during the period. Point72 Asia Singapore Pte. Ltd. increased its position in shares of 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 valued at $30,000 after buying an additional 530 shares in the last quarter. Finally, Quarry LP acquired a new position in shares of Liberty Live Group during the 2nd quarter worth approximately $28,000. 60.36% of the stock is owned by institutional investors and hedge funds.

Liberty Live Group Trading Up 0.3 %

Shares of NASDAQ:LLYVK opened at $68.24 on Friday. The business’s 50 day moving average price is $67.32 and its 200-day moving average price is $50.89. Liberty Live Group has a 1 year low of $33.50 and a 1 year high of $73.89.

Insider Buying and Selling at Liberty Live Group

In related news, CEO Gregory B. Maffei sold 35,463 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of $71.53, for a total value of $2,536,668.39. Following the completion of the transaction, the chief executive officer now directly owns 1,240,785 shares of the company’s stock, valued at approximately $88,753,351.05. This represents a 2.78 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Brian J. Wendling sold 1,094 shares of the firm’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $69.57, for a total value of $76,109.58. The disclosure for this sale can be found here.

Liberty Live Group 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.