Live Nation Entertainment, Inc. (NYSE:LYV) Shares Sold by Strs Ohio

Strs Ohio decreased its position in Live Nation Entertainment, Inc. (NYSE:LYV) by 0.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 131,495 shares of the company’s stock after selling 172 shares during the quarter. Strs Ohio owned about 0.06% of Live Nation Entertainment worth $8,711,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Parallel Advisors LLC lifted its holdings in shares of Live Nation Entertainment by 81.0% during the first quarter. Parallel Advisors LLC now owns 543 shares of the company’s stock valued at $35,000 after purchasing an additional 243 shares during the last quarter. CWM LLC lifted its holdings in shares of Live Nation Entertainment by 59.5% during the first quarter. CWM LLC now owns 622 shares of the company’s stock valued at $40,000 after purchasing an additional 232 shares during the last quarter. Icon Wealth Partners LLC purchased a new stake in shares of Live Nation Entertainment during the first quarter valued at $40,000. Hilton Capital Management LLC purchased a new stake in shares of Live Nation Entertainment during the first quarter valued at $69,000. Finally, Qtron Investments LLC purchased a new stake in shares of Live Nation Entertainment during the first quarter valued at $211,000. Institutional investors and hedge funds own 69.57% of the company’s stock.

Live Nation Entertainment stock traded down $0.83 during mid-day trading on Friday, hitting $71.47. The company’s stock had a trading volume of 12,592 shares, compared to its average volume of 969,141. The stock’s 50 day moving average is $69.56. The firm has a market cap of $15.28 billion, a P/E ratio of -796.44 and a beta of 1.11. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 2.73. Live Nation Entertainment, Inc. has a 52-week low of $46.02 and a 52-week high of $73.71.

Live Nation Entertainment (NYSE:LYV) last announced its quarterly earnings data on Thursday, July 25th. The company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.02. The firm had revenue of $3.16 billion during the quarter, compared to the consensus estimate of $3.18 billion. Live Nation Entertainment had a return on equity of 4.49% and a net margin of 0.55%. The business’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.24 EPS. As a group, equities analysts forecast that Live Nation Entertainment, Inc. will post 0.28 earnings per share for the current fiscal year.

In other Live Nation Entertainment news, Director Mark S. Shapiro sold 8,000 shares of the company’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $64.90, for a total value of $519,200.00. Following the transaction, the director now directly owns 36,765 shares of the company’s stock, valued at approximately $2,386,048.50. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Robert Ted Enloe III sold 5,447 shares of the company’s stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $62.45, for a total value of $340,165.15. Following the completion of the transaction, the director now directly owns 67,886 shares in the company, valued at $4,239,480.70. The disclosure for this sale can be found here. Over the last three months, insiders sold 81,287 shares of company stock valued at $5,142,783. Company insiders own 4.82% of the company’s stock.

Several equities research analysts have recently commented on LYV shares. Citigroup downgraded Live Nation Entertainment from a “neutral” rating to a “sell” rating and set a $63.00 target price for the company. in a report on Friday, June 28th. Zacks Investment Research downgraded Live Nation Entertainment from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd. Berenberg Bank initiated coverage on Live Nation Entertainment in a research note on Tuesday, May 14th. They issued a “buy” rating and a $73.00 price objective for the company. Atlantic Securities initiated coverage on Live Nation Entertainment in a research note on Tuesday, June 11th. They issued an “overweight” rating and a $75.00 price objective for the company. Finally, ValuEngine raised Live Nation Entertainment from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, May 8th. One analyst has rated the stock with a sell rating, one has issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $68.57.

Live Nation Entertainment Profile

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

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Institutional Ownership by Quarter for Live Nation Entertainment (NYSE:LYV)

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