Live Nation Entertainment, Inc. (NYSE:LYV) Shares sold by Public Employees Retirement Association of Colorado

Public Employees Retirement Association Of Colorado reduced its stake in Live Nation Entertainment, Inc. (NYSE:LYV – Free Report) by 0.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 242,589 shares of the company’s stock after selling 505 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Live Nation Entertainment were worth $22,740,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of LYV. Vanguard Group Inc. raised its stake in Live Nation Entertainment by 0.6% in the first quarter. Vanguard Group Inc. now owns 18,068,765 shares of the company’s stock valued at $1,911,133,000 after buying an additional 110,097 shares in the last quarter. William Blair Investment Management LLC grew its position in shares of Live Nation Entertainment by 12.0% in the first quarter. William Blair Investment Management LLC now owns 3,633,791 shares of the company’s stock valued at $384,346,000 after purchasing an additional 388,980 shares in the last quarter. Cantillon Capital Management LLC raised its stake in Live Nation Entertainment by 16.7% in the first quarter. Cantillon Capital Management LLC now owns 3,205,694 shares of the company’s stock worth $339,066,000 after purchasing an additional 458,893 shares during the last quarter. Artisan Partners Limited Partnership boosted its holdings in Live Nation Entertainment by 7.5% in 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, Bessemer Group Inc. raised its stake in Live Nation Entertainment by 34.4% in the first quarter. Bessemer Group Inc. now owns 1,397,185 shares of the company’s stock valued at $147,781,000 after buying an additional 357,436 shares in the last quarter. Institutional investors own 74.52% of the company’s shares.

Indoor activity

In related news, Director Jeffrey T. Hinson sold 1,500 shares of the company’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $94.11, for a total transaction of $141,165.00. Following the completion of the transaction, the director now owns 59,789 shares of the company’s stock, valued at $5,626,742.79. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Live Nation Entertainment news, Director Jeffrey T. Hinson sold 1,500 shares of the company’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $94.11, for a total value of $141,165.00. Following the completion of the sale, the director now directly owns 59,789 shares of the company’s stock, valued at approximately $5,626,742.79. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available via this hyperlink. Also, CAO Brian Capo sold 5,000 shares of the business’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $96.61, for a total transaction of $483,050.00. Following the transaction, the chief accounting officer now owns 12,327 shares of the company’s stock, valued at approximately $1,190,911.47. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 177,000 shares of company stock worth $17,238,181. 2.85% of shares are owned by company insiders.

Analyst upgrades and downgrades

A number of research analysts have recently issued reports on LYV shares. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Live Nation Entertainment from $121.00 to $122.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Roth Mkm restated a “buy” rating and issued a $120.00 target price on shares of Live Nation Entertainment in a research note on Friday, May 24th. Morgan Stanley reiterated an “overweight” rating and set a $120.00 target price on shares of Live Nation Entertainment in a research report on Wednesday, June 12th. Northcoast Research lowered Live Nation Entertainment from a “buy” rating to a “neutral” rating in a research report on Tuesday, May 28th. Finally, JPMorgan Chase & Co. boosted their price target on Live Nation Entertainment from $116.00 to $118.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. Two equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Moderate Buy” and an average target price of $119.46, according to MarketBeat.

Check out our latest analysis of Live Nation Entertainment

Live Nation Entertainment stock fell 0.7%

Shares of Live Nation Entertainment stock opened at $103.64 on Friday. Live Nation Entertainment, Inc. it has a 52-week low of $76.48 and a 52-week high of $107.24. The stock has a market cap of $23.81 billion, a price-to-earnings ratio of 98.70, a PEG ratio of 2.29 and a beta of 1.34. The company’s 50-day moving average price is $95.53, and its two-hundred-day moving average price is $96.12. The company has a current ratio of 0.92, a quick ratio of 0.92, and a debt-to-equity ratio of 9.22.

Live Nation Entertainment (NYSE:LYV – Get Your Free Report ) last issued its quarterly earnings data on Tuesday, July 30th. The company reported $1.03 EPS for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.03). The company had revenue of $6.02 billion for the quarter, compared to analyst estimates of $6.02 billion. Live Nation Entertainment had a net margin of 2.20% and a return on equity of 84.78%. Live Nation Entertainment’s revenue was up 7.0% compared to the same quarter last year. In the same quarter last year, the business earned $1.02 EPS. On average, analysts expect that Live Nation Entertainment, Inc. to post 1.21 EPS for the current fiscal year.

About Live Nation Entertainment

(Free Report)

Live Nation Entertainment, Inc. operates as a worldwide live entertainment company. It operates through the Concerts, Ticketing and Sponsorship and Advertising segments. The Concerts segment promotes live music events at venues owned or operated by it and at venues leased by third parties. This segment operates and manages music venues; produces music festivals; create and distribute related content; and provides management and other services to artists.

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