Live Nation Entertainment, Inc. (LYV) Shares Bought by Boston Financial Mangement LLC

Boston Financial Mangement LLC raised its stake in Live Nation Entertainment, Inc. (NYSE:LYV) by 1.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 327,961 shares of the company’s stock after purchasing an additional 4,446 shares during the period. Boston Financial Mangement LLC owned approximately 0.16% of Live Nation Entertainment worth $13,961,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Crossmark Global Holdings Inc. increased its position in Live Nation Entertainment by 41.4% in the 4th quarter. Crossmark Global Holdings Inc. now owns 19,084 shares of the company’s stock valued at $812,000 after acquiring an additional 5,586 shares in the last quarter. Stephens Investment Management Group LLC boosted its stake in shares of Live Nation Entertainment by 16.9% in the 4th quarter. Stephens Investment Management Group LLC now owns 521,547 shares of the company’s stock valued at $22,202,000 after purchasing an additional 75,421 shares during the last quarter. Meeder Asset Management Inc. boosted its stake in shares of Live Nation Entertainment by 1,844.3% in the 4th quarter. Meeder Asset Management Inc. now owns 27,803 shares of the company’s stock valued at $1,183,000 after purchasing an additional 26,373 shares during the last quarter. US Bancorp DE boosted its stake in shares of Live Nation Entertainment by 379.4% in the 4th quarter. US Bancorp DE now owns 3,869 shares of the company’s stock valued at $165,000 after purchasing an additional 3,062 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Live Nation Entertainment by 1,030.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 60,136 shares of the company’s stock valued at $2,560,000 after purchasing an additional 54,815 shares during the last quarter. 67.91% of the stock is owned by hedge funds and other institutional investors.

LYV has been the topic of several recent research reports. Macquarie reaffirmed a “buy” rating and issued a $48.00 target price on shares of Live Nation Entertainment in a research note on Sunday, November 5th. JPMorgan Chase & Co. reissued a “buy” rating on shares of Live Nation Entertainment in a research note on Wednesday, October 18th. Zacks Investment Research raised shares of Live Nation Entertainment from a “hold” rating to a “buy” rating and set a $48.00 price objective on the stock in a research note on Tuesday, October 24th. Citigroup lowered shares of Live Nation Entertainment from a “buy” rating to a “neutral” rating in a research note on Saturday, December 30th. Finally, Jefferies Group lifted their price target on shares of Live Nation Entertainment from $42.00 to $46.00 and gave the company a “buy” rating in a research note on Friday, November 3rd. One research analyst has rated the stock with a sell rating, three have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $44.57.

In other Live Nation Entertainment news, COO Joe Berchtold sold 20,000 shares of the company’s stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $43.08, for a total value of $861,600.00. Following the transaction, the chief operating officer now directly owns 97,918 shares in the company, valued at $4,218,307.44. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Michael Rapino sold 70,000 shares of the company’s stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $42.87, for a total transaction of $3,000,900.00. Following the completion of the transaction, the chief executive officer now owns 115,277 shares in the company, valued at $4,941,924.99. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 810,000 shares of company stock worth $36,160,500. 4.77% of the stock is owned by corporate insiders.

Live Nation Entertainment, Inc. (NYSE:LYV) traded down $0.55 during midday trading on Wednesday, hitting $43.61. 20,336 shares of the stock were exchanged, compared to its average volume of 1,296,928. The firm has a market capitalization of $9,050.00, a P/E ratio of 2,209.10 and a beta of 1.01. Live Nation Entertainment, Inc. has a 12 month low of $28.00 and a 12 month high of $46.99. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 1.39.

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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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