Live Nation Entertainment, Inc. (NYSE:LYV) Shares Bought by Fisher Asset Management LLC

Fisher Asset Management LLC boosted its position in shares of Live Nation Entertainment, Inc. (NYSE:LYV) by 8.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 453,765 shares of the company’s stock after acquiring an additional 34,434 shares during the quarter. Fisher Asset Management LLC owned 0.22% of Live Nation Entertainment worth $19,761,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Mutual of America Capital Management LLC boosted its holdings in Live Nation Entertainment by 2.4% during the 3rd quarter. Mutual of America Capital Management LLC now owns 110,656 shares of the company’s stock valued at $4,819,000 after acquiring an additional 2,589 shares during the period. Leith Wheeler Investment Counsel Ltd. boosted its holdings in Live Nation Entertainment by 30.8% during the 3rd quarter. Leith Wheeler Investment Counsel Ltd. now owns 73,177 shares of the company’s stock valued at $2,298,000 after acquiring an additional 17,210 shares during the period. Perpetual Ltd purchased a new position in Live Nation Entertainment during the 2nd quarter valued at about $1,141,000. Dynamic Technology Lab Private Ltd purchased a new position in Live Nation Entertainment during the 2nd quarter valued at about $895,000. Finally, Public Employees Retirement System of Ohio boosted its holdings in Live Nation Entertainment by 0.7% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 189,610 shares of the company’s stock valued at $6,608,000 after acquiring an additional 1,367 shares during the period. Institutional investors own 68.39% of the company’s stock.

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Several brokerages have recently issued reports on LYV. Macquarie reiterated a “buy” rating and issued a $48.00 price objective on shares of Live Nation Entertainment in a research note on Sunday, November 5th. Zacks Investment Research upgraded Live Nation Entertainment from a “hold” rating to a “buy” rating and set a $48.00 price objective for the company in a research note on Tuesday, October 24th. Jefferies Group LLC reiterated a “buy” rating and issued a $42.00 price objective on shares of Live Nation Entertainment in a research note on Monday, October 16th. J P Morgan Chase & Co reiterated a “buy” rating on shares of Live Nation Entertainment in a research note on Wednesday, October 18th. Finally, Stephens reiterated an “overweight” rating and issued a $44.00 price objective (up previously from $36.00) on shares of Live Nation Entertainment in a research note on Thursday, August 10th. Four investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. Live Nation Entertainment has a consensus rating of “Buy” and a consensus target price of $42.86.

Live Nation Entertainment, Inc. (NYSE:LYV) traded down $0.08 during mid-day trading on Friday, reaching $44.77. The company had a trading volume of 1,221,900 shares, compared to its average volume of 1,359,545. The stock has a market capitalization of $9,274.97, a PE ratio of 2,242.50 and a beta of 1.07. Live Nation Entertainment, Inc. has a 12-month low of $26.41 and a 12-month high of $45.72. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.11 and a current ratio of 1.11.

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

In other Live Nation Entertainment news, Director Ariel Emanuel sold 10,000 shares of Live Nation Entertainment stock in a transaction that occurred 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 transaction, the director now owns 85,737 shares of the company’s stock, valued at $3,563,229.72. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Michael Rowles sold 46,511 shares of Live Nation Entertainment stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $43.35, for a total value of $2,016,251.85. Following the transaction, the executive vice president now directly owns 192,054 shares in the company, valued at approximately $8,325,540.90. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 64,011 shares of company stock valued at $2,735,602. 4.77% of the stock is owned by company insiders.

About Live Nation Entertainment

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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