Live Nation Entertainment, Inc. (NYSE:LYV) Shares Acquired by Natixis Advisors LLC

Natixis Advisors LLC boosted its position in shares of Live Nation Entertainment, Inc. (NYSE:LYV) by 12.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 66,481 shares of the company’s stock after purchasing an additional 7,136 shares during the period. Natixis Advisors LLC’s holdings in Live Nation Entertainment were worth $7,279,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Frank Rimerman Advisors LLC acquired a new stake in Live Nation Entertainment during the 2nd quarter valued at $748,000. CANADA LIFE ASSURANCE Co grew its holdings in Live Nation Entertainment by 22.6% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 102,709 shares of the company’s stock valued at $10,873,000 after purchasing an additional 18,931 shares in the last quarter. Select Equity Group L.P. grew its holdings in Live Nation Entertainment by 12.3% during the 2nd quarter. Select Equity Group L.P. now owns 12,940,613 shares of the company’s stock worth $1,213,053,000 after acquiring an additional 1,415,173 shares in the last quarter. Davidson Kempner Capital Management LP acquired a new position in Live Nation Entertainment during the 2nd quarter worth $3,985,000. Finally, Czech National Bank grew its holdings in Live Nation Entertainment by 17.5% during the 3rd quarter. Czech National Bank now owns 31,904 shares of the company’s stock worth $3,493,000 after acquiring an additional 4,761 shares in the last quarter. 74.52% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Live Nation Entertainment

In related news, CFO Joe Berchtold sold 29,310 shares of the stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $97.50, for a total transaction of $2,857,725.00. Following the completion of the sale, the chief financial officer now directly owns 566,722 shares of the company’s stock, valued at $55,255,395. This represents a 4.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jeffrey T. Hinson sold 5,640 shares of the stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $95.18, for a total transaction of $536,815.20. Following the sale, the director now directly owns 53,949 shares of the company’s stock, valued at approximately $5,134,865.82. This represents a 9.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 168,799 shares of company stock valued at $16,449,718 over the last ninety days. Insiders own 2.72% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on LYV shares. Evercore ISI raised their price objective on shares of Live Nation Entertainment from $110.00 to $150.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. The Goldman Sachs Group raised their price objective on shares of Live Nation Entertainment from $132.00 to $148.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. JPMorgan Chase & Co. raised their price objective on shares of Live Nation Entertainment from $118.00 to $137.00 and gave the stock an “overweight” rating in a report on Thursday, October 24th. Citigroup raised their price objective on shares of Live Nation Entertainment from $130.00 to $163.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Macquarie lifted their price target on shares of Live Nation Entertainment from $130.00 to $146.00 and gave the company an “outperform” rating in a report on Friday, November 15th. Two analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $141.53.

Live Nation Entertainment Trading Up 1.5 %

Shares of NYSE:LYV opened at $138.50 on Friday. The company has a 50 day moving average of $115.91 and a 200-day moving average of $101.88. The firm has a market cap of $32.18 billion, a P/E ratio of 147.34, a P/E/G ratio of 3.59 and a beta of 1.33. Live Nation Entertainment, Inc. has a twelve month low of $81.38 and a twelve month high of $139.19. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 6.10.

Live Nation Entertainment (NYSE:LYV) last issued its quarterly earnings results on Monday, November 11th. The company reported $1.66 earnings per share for the quarter, topping analysts’ consensus estimates of $1.58 by $0.08. The company had revenue of $7.65 billion during the quarter, compared to analyst estimates of $7.75 billion. Live Nation Entertainment had a net margin of 2.11% and a return on equity of 77.62%. The business’s revenue for the quarter was down 6.2% compared to the same quarter last year. During the same period in the prior year, the business posted $1.78 EPS. As a group, analysts anticipate that Live Nation Entertainment, Inc. will post 1.08 earnings per share for the current fiscal year.

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.