Blair William & Co. IL Has $77.97 Million Stock Holdings in Live Nation Entertainment, Inc. (NYSE:LYV)

Blair William & Co. IL trimmed its stake in Live Nation Entertainment, Inc. (NYSE:LYV) by 6.3% in the second quarter, Holdings Channel reports. The firm owned 831,714 shares of the company’s stock after selling 55,667 shares during the quarter. Blair William & Co. IL’s holdings in Live Nation Entertainment were worth $77,965,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in Live Nation Entertainment by 19.2% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 184,309 shares of the company’s stock worth $19,494,000 after buying an additional 29,669 shares during the last quarter. Nordea Investment Management AB increased its stake in shares of Live Nation Entertainment by 15.8% during the 1st quarter. Nordea Investment Management AB now owns 1,377,118 shares of the company’s stock worth $146,567,000 after purchasing an additional 187,839 shares during the last quarter. Public Sector Pension Investment Board lifted its stake in Live Nation Entertainment by 2,723.0% in the 4th quarter. Public Sector Pension Investment Board now owns 428,732 shares of the company’s stock valued at $40,129,000 after purchasing an additional 413,545 shares during the last quarter. Artisan Partners Limited Partnership grew its holdings in Live Nation Entertainment by 7.5% during the fourth quarter. Artisan Partners Limited Partnership now owns 2,191,712 shares of the company’s stock worth $205,144,000 after purchasing an additional 153,825 shares during the period. Finally, Central Pacific Bank Trust Division bought a new stake in Live Nation Entertainment in the first quarter valued at approximately $1,454,000. Institutional investors and hedge funds own 74.52% of the company’s stock.

Insider Buying and Selling at Live Nation Entertainment

In other Live Nation Entertainment news, CAO Brian Capo sold 5,000 shares of the business’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $96.61, for a total transaction of $483,050.00. Following the completion of the transaction, the chief accounting officer now owns 12,327 shares of the company’s stock, valued at $1,190,911.47. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, CAO Brian Capo sold 5,000 shares of the firm’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $96.61, for a total transaction of $483,050.00. Following the completion of the transaction, the chief accounting officer now owns 12,327 shares of the company’s stock, valued at $1,190,911.47. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Michael Rapino sold 98,849 shares of the stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $97.50, for a total value of $9,637,777.50. Following the completion of the sale, the chief executive officer now owns 3,702,115 shares of the company’s stock, valued at $360,956,212.50. The disclosure for this sale can be found here. In the last quarter, insiders have sold 177,000 shares of company stock valued at $17,238,181. 2.85% of the stock is currently owned by corporate insiders.

Live Nation Entertainment Stock Up 1.4 %

Shares of NYSE LYV opened at $102.92 on Wednesday. The stock has a market capitalization of $23.65 billion, a P/E ratio of 98.02, a PEG ratio of 2.29 and a beta of 1.34. The company has a debt-to-equity ratio of 9.22, a quick ratio of 0.92 and a current ratio of 0.92. Live Nation Entertainment, Inc. has a 52 week low of $76.48 and a 52 week high of $107.24. The stock’s fifty day moving average is $95.03 and its 200 day moving average is $95.97.

Live Nation Entertainment (NYSE:LYV) last issued its quarterly earnings results on Tuesday, July 30th. The company reported $1.03 earnings per share for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.03). The firm had revenue of $6.02 billion for the quarter, compared to the consensus estimate of $6.02 billion. Live Nation Entertainment had a return on equity of 84.78% and a net margin of 2.20%. The business’s revenue was up 7.0% on a year-over-year basis. During the same period last year, the company posted $1.02 EPS. Sell-side analysts forecast that Live Nation Entertainment, Inc. will post 1.21 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on LYV. Bank of America initiated coverage on Live Nation Entertainment in a research note on Wednesday, September 4th. They set a “buy” rating and a $125.00 target price for the company. Benchmark reaffirmed a “buy” rating and set a $132.00 price objective on shares of Live Nation Entertainment in a research report on Tuesday, September 10th. Morgan Stanley reissued an “overweight” rating and issued a $120.00 price objective on shares of Live Nation Entertainment in a research report on Wednesday, June 12th. Macquarie reaffirmed an “outperform” rating and set a $125.00 target price on shares of Live Nation Entertainment in a report on Wednesday, July 31st. Finally, Roth Mkm reissued a “buy” rating and issued a $120.00 price target on shares of Live Nation Entertainment in a report on Friday, May 24th. Two research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $119.46.

Live Nation Entertainment Profile

Live Nation Entertainment, Inc operates as a live entertainment company worldwide. It operates through Concerts, Ticketing, and Sponsorship & Advertising segments. The Concerts segment promotes live music events in its owned or operated venues, and in rented third-party venues. This segment operates and manages music venues; produces music festivals; creates and streams associated content; and offers management and other services to artists.