Live Nation Entertainment, Inc. (LYV) Shares Bought by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company lifted its position in Live Nation Entertainment, Inc. (NYSE:LYV) by 2.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 198,179 shares of the company’s stock after acquiring an additional 5,319 shares during the period. The Manufacturers Life Insurance Company owned 0.10% of Live Nation Entertainment worth $6,906,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Teacher Retirement System of Texas boosted its stake in shares of Live Nation Entertainment by 0.5% during the 2nd quarter. Teacher Retirement System of Texas now owns 10,667 shares of the company’s stock worth $372,000 after acquiring an additional 52 shares in the last quarter. Neuberger Berman Group LLC boosted its stake in shares of Live Nation Entertainment by 0.8% during the 2nd quarter. Neuberger Berman Group LLC now owns 7,830 shares of the company’s stock worth $273,000 after acquiring an additional 63 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of Live Nation Entertainment by 0.9% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 19,493 shares of the company’s stock worth $679,000 after acquiring an additional 177 shares in the last quarter. Capstone Asset Management Co. boosted its stake in shares of Live Nation Entertainment by 2.0% during the 2nd quarter. Capstone Asset Management Co. now owns 12,828 shares of the company’s stock worth $447,000 after acquiring an additional 250 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its stake in shares of Live Nation Entertainment by 2.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 14,699 shares of the company’s stock worth $446,000 after acquiring an additional 346 shares in the last quarter. 68.39% of the stock is currently owned by institutional investors.

In other news, EVP Michael Rowles sold 46,511 shares of Live Nation Entertainment stock in a transaction on Monday, November 6th. The shares were sold at an average price of $43.35, for a total transaction of $2,016,251.85. Following the completion of the sale, the executive vice president now directly owns 192,054 shares of the company’s stock, valued at approximately $8,325,540.90. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Ariel Emanuel sold 10,000 shares of Live Nation Entertainment stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $41.56, for a total transaction of $415,600.00. Following the sale, the director now directly owns 85,737 shares of the company’s stock, valued at $3,563,229.72. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 64,011 shares of company stock valued at $2,735,602. Corporate insiders own 4.77% of the company’s stock.

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LYV has been the subject of several research analyst reports. BidaskClub upgraded shares of Live Nation Entertainment from a “buy” rating to a “strong-buy” rating in a research report on Sunday, July 16th. William Blair initiated coverage on shares of Live Nation Entertainment in a research report on Friday, July 21st. They set an “outperform” rating for the company. Stephens restated an “overweight” rating and set a $44.00 price target (up previously from $36.00) on shares of Live Nation Entertainment in a research report on Thursday, August 10th. Zacks Investment Research downgraded shares of Live Nation Entertainment from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 10th. Finally, J P Morgan Chase & Co reiterated a “buy” rating on shares of Live Nation Entertainment in a report on Friday, August 11th. Four research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $42.86.

Live Nation Entertainment, Inc. (LYV) traded down $0.08 during trading hours on Friday, hitting $44.77. 1,221,900 shares of the company were exchanged, compared to its average volume of 1,359,545. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.11 and a quick ratio of 1.11. Live Nation Entertainment, Inc. has a 1 year low of $26.41 and a 1 year high of $45.72. The stock has a market cap of $9,274.97, a PE ratio of 2,242.50 and a beta of 1.07.

Live Nation Entertainment (NYSE:LYV) last issued its quarterly earnings results on Thursday, November 2nd. The company reported $0.53 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.55 by ($0.02). The business had revenue of $3.56 billion during the quarter, compared to analysts’ expectations of $3.36 billion. Live Nation Entertainment had a net margin of 0.50% and a return on equity of 3.33%. The business’s quarterly revenue was up 12.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.49 EPS. equities analysts predict that Live Nation Entertainment, Inc. will post 0.18 earnings per share for the current year.

Live Nation Entertainment Company Profile

Live Nation Entertainment, Inc is a live entertainment company. The Company’s businesses consist of the promotion of live events, including ticketing, sponsorship and advertising. Its segments include Concerts, Sponsorship & Advertising, Ticketing and Artist Nation. The Concerts segment is engaged in promotion of live music events in its owned or operated venues and in rented third-party venues; operation and management of music venues; production of music festivals, and creation of associated content.

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

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