MSA Advisors LLC Has $19.94 Million Stock Holdings in Live Nation Entertainment, Inc. (NYSE:LYV)

MSA Advisors LLC trimmed its position in Live Nation Entertainment, Inc. (NYSE:LYV) by 16.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 153,975 shares of the company’s stock after selling 30,730 shares during the period. Live Nation Entertainment makes up approximately 5.0% of MSA Advisors LLC’s holdings, making the stock its 5th biggest holding. MSA Advisors LLC’s holdings in Live Nation Entertainment were worth $19,940,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Principal Financial Group Inc. grew its stake in Live Nation Entertainment by 1.2% during the 3rd quarter. Principal Financial Group Inc. now owns 7,196,551 shares of the company’s stock worth $787,950,000 after buying an additional 87,032 shares during the last quarter. Cerity Partners LLC increased its holdings in shares of Live Nation Entertainment by 165.7% during the third quarter. Cerity Partners LLC now owns 45,154 shares of the company’s stock valued at $4,944,000 after acquiring an additional 28,162 shares in the last quarter. Daiwa Securities Group Inc. boosted its stake in Live Nation Entertainment by 15.4% in the 3rd quarter. Daiwa Securities Group Inc. now owns 19,419 shares of the company’s stock worth $2,126,000 after purchasing an additional 2,597 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in Live Nation Entertainment by 8.0% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 96,824 shares of the company’s stock worth $10,601,000 after purchasing an additional 7,143 shares during the last quarter. Finally, Quantbot Technologies LP increased its stake in Live Nation Entertainment by 86.1% during the 3rd quarter. Quantbot Technologies LP now owns 13,577 shares of the company’s stock valued at $1,487,000 after purchasing an additional 6,282 shares in the last quarter. 74.52% of the stock is owned by hedge funds and other institutional investors.

Live Nation Entertainment Trading Down 0.1 %

Shares of NYSE:LYV opened at $126.92 on Thursday. The firm has a market capitalization of $29.62 billion, a price-to-earnings ratio of 46.66, a price-to-earnings-growth ratio of 1.81 and a beta of 1.38. The business’s 50 day moving average price is $138.45 and its 200-day moving average price is $128.18. The company has a debt-to-equity ratio of 6.10, a current ratio of 1.01 and a quick ratio of 1.01. Live Nation Entertainment, Inc. has a 1 year low of $86.81 and a 1 year high of $157.75.

Live Nation Entertainment (NYSE:LYV) last released its earnings results on Thursday, February 27th. The company reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of ($0.93) by $1.49. The business had revenue of $5.68 billion during the quarter, compared to analysts’ expectations of $5.67 billion. Live Nation Entertainment had a net margin of 3.90% and a return on equity of 139.09%. On average, equities research analysts forecast that Live Nation Entertainment, Inc. will post 2.38 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on LYV. Roth Mkm boosted their price objective on shares of Live Nation Entertainment from $152.00 to $174.00 and gave the company a “buy” rating in a report on Friday, February 21st. Guggenheim increased their price objective on Live Nation Entertainment from $146.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. Rosenblatt Securities reaffirmed a “buy” rating and set a $146.00 target price on shares of Live Nation Entertainment in a report on Tuesday, February 18th. Macquarie increased their price target on shares of Live Nation Entertainment from $146.00 to $165.00 and gave the stock an “outperform” rating in a report on Thursday, March 6th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Live Nation Entertainment from $150.00 to $170.00 and gave the company an “overweight” rating in a research note on Friday, February 21st. Two equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $157.27.

Insiders Place Their Bets

In other news, CAO Brian Capo sold 5,066 shares of Live Nation Entertainment stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $123.24, for a total transaction of $624,333.84. Following the sale, the chief accounting officer now owns 10,549 shares of the company’s stock, valued at approximately $1,300,058.76. The trade was a 32.44 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Michael Rowles sold 63,136 shares of the stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $155.40, for a total value of $9,811,334.40. Following the completion of the transaction, the executive vice president now owns 195,346 shares of the company’s stock, valued at $30,356,768.40. The trade was a 24.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 68,702 shares of company stock valued at $10,497,143 in the last 90 days. 2.72% of the stock is owned by insiders.

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.