Live Nation Entertainment, Inc. (LYV) Shares Sold by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P decreased its stake in Live Nation Entertainment, Inc. (NYSE:LYV) by 19.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 434,638 shares of the company’s stock after selling 103,524 shares during the period. Loomis Sayles & Co. L P owned 0.21% of Live Nation Entertainment worth $23,674,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the company. State Treasurer State of Michigan boosted its holdings in shares of Live Nation Entertainment by 2.0% in the 3rd quarter. State Treasurer State of Michigan now owns 51,000 shares of the company’s stock valued at $2,778,000 after buying an additional 1,000 shares in the last quarter. Louisiana State Employees Retirement System boosted its holdings in shares of Live Nation Entertainment by 3.0% in the 3rd quarter. Louisiana State Employees Retirement System now owns 37,800 shares of the company’s stock valued at $2,059,000 after buying an additional 1,100 shares in the last quarter. Metropolitan Life Insurance Co. NY boosted its holdings in shares of Live Nation Entertainment by 2.7% in the 2nd quarter. Metropolitan Life Insurance Co. NY now owns 46,368 shares of the company’s stock valued at $2,252,000 after buying an additional 1,225 shares in the last quarter. IFM Investors Pty Ltd boosted its holdings in shares of Live Nation Entertainment by 25.0% in the 3rd quarter. IFM Investors Pty Ltd now owns 6,645 shares of the company’s stock valued at $362,000 after buying an additional 1,327 shares in the last quarter. Finally, Toronto Dominion Bank boosted its holdings in shares of Live Nation Entertainment by 9.5% in the 3rd quarter. Toronto Dominion Bank now owns 15,964 shares of the company’s stock valued at $869,000 after buying an additional 1,380 shares in the last quarter. Institutional investors and hedge funds own 68.81% of the company’s stock.

LYV has been the subject of several research reports. Macquarie reiterated a “buy” rating and issued a $60.00 price target on shares of Live Nation Entertainment in a research report on Thursday, November 22nd. JPMorgan Chase & Co. upped their price target on shares of Live Nation Entertainment from $53.00 to $60.00 and gave the company an “overweight” rating in a research report on Friday, November 2nd. Finally, ValuEngine upgraded shares of Live Nation Entertainment from a “buy” rating to a “strong-buy” rating in a research report on Friday, October 12th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. Live Nation Entertainment presently has a consensus rating of “Buy” and an average target price of $57.35.

In related news, Director Robert Ted Enloe III sold 7,000 shares of the stock in a transaction dated Friday, September 14th. The shares were sold at an average price of $54.07, for a total value of $378,490.00. Following the sale, the director now directly owns 17,508 shares of the company’s stock, valued at approximately $946,657.56. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Michael Rowles sold 25,000 shares of the stock in a transaction dated Friday, November 9th. The shares were sold at an average price of $56.47, for a total transaction of $1,411,750.00. Following the completion of the sale, the executive vice president now directly owns 191,237 shares in the company, valued at $10,799,153.39. The disclosure for this sale can be found here. 5.19% of the stock is currently owned by corporate insiders.

Shares of NYSE LYV opened at $54.37 on Thursday. The stock has a market capitalization of $11.39 billion, a P/E ratio of -113.27 and a beta of 1.04. Live Nation Entertainment, Inc. has a 52 week low of $35.94 and a 52 week high of $58.26. The company has a debt-to-equity ratio of 1.76, a quick ratio of 1.08 and a current ratio of 1.08.

Live Nation Entertainment (NYSE:LYV) last issued its quarterly earnings data on Thursday, November 1st. The company reported $0.70 EPS for the quarter, beating the Zacks’ consensus estimate of $0.64 by $0.06. The business had revenue of $3.84 billion during the quarter, compared to analyst estimates of $3.72 billion. Live Nation Entertainment’s revenue was up 11.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.53 earnings per share. As a group, equities research analysts expect that Live Nation Entertainment, Inc. will post -0.06 earnings per share for the current year.

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About Live Nation Entertainment

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 and/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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