Louisiana State Employees Retirement System Grows Stake in Live Nation Entertainment, Inc. (NYSE:LYV)

Louisiana State Employees Retirement System grew its holdings in shares of Live Nation Entertainment, Inc. (NYSE:LYV) by 8.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,800 shares of the company’s stock after purchasing an additional 700 shares during the period. Louisiana State Employees Retirement System’s holdings in Live Nation Entertainment were worth $964,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in LYV. Select Equity Group L.P. raised its stake in Live Nation Entertainment by 12.3% in the second quarter. Select Equity Group L.P. now owns 12,940,613 shares of the company’s stock valued at $1,213,053,000 after buying an additional 1,415,173 shares during the last quarter. D1 Capital Partners L.P. boosted its stake in Live Nation Entertainment by 44.6% in the 2nd quarter. D1 Capital Partners L.P. now owns 3,543,532 shares of the company’s stock worth $332,171,000 after purchasing an additional 1,093,000 shares in the last quarter. Vulcan Value Partners LLC grew its position in Live Nation Entertainment by 46.5% during the 2nd quarter. Vulcan Value Partners LLC now owns 2,694,463 shares of the company’s stock worth $252,663,000 after purchasing an additional 855,197 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in Live Nation Entertainment by 85.0% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,038,285 shares of the company’s stock valued at $97,329,000 after purchasing an additional 476,981 shares in the last quarter. Finally, Cantillon Capital Management LLC raised its holdings in shares of Live Nation Entertainment by 16.7% in the first quarter. Cantillon Capital Management LLC now owns 3,205,694 shares of the company’s stock worth $339,066,000 after buying an additional 458,893 shares during the last quarter. Institutional investors and hedge funds own 74.52% of the company’s stock.

Insider Buying and Selling

In other Live Nation Entertainment news, CAO Brian Capo sold 5,000 shares of the company’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $96.61, for a total value of $483,050.00. Following the completion of the sale, the chief accounting officer now directly owns 12,327 shares in the company, valued at $1,190,911.47. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Live Nation Entertainment news, CAO Brian Capo sold 5,000 shares of Live Nation Entertainment stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $96.61, for a total transaction of $483,050.00. Following the transaction, the chief accounting officer now directly owns 12,327 shares of the company’s stock, valued at $1,190,911.47. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Michael Rowles sold 35,000 shares of the stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $97.64, for a total transaction of $3,417,400.00. Following the completion of the sale, the executive vice president now directly owns 167,447 shares of the company’s stock, valued at approximately $16,349,525.08. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 177,000 shares of company stock worth $17,238,181. 2.72% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

LYV has been the subject of a number of research reports. Macquarie lifted their target price on Live Nation Entertainment from $125.00 to $130.00 and gave the stock an “outperform” rating in a report on Tuesday, October 8th. Roth Mkm increased their target price on shares of Live Nation Entertainment from $120.00 to $132.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Rosenblatt Securities reissued a “buy” rating and issued a $123.00 price target on shares of Live Nation Entertainment in a research note on Thursday, August 15th. Bank of America began coverage on shares of Live Nation Entertainment in a research report on Wednesday, September 4th. They set a “buy” rating and a $125.00 price objective for the company. Finally, JPMorgan Chase & Co. boosted their target price on shares of Live Nation Entertainment from $118.00 to $137.00 and gave the stock an “overweight” rating in a research note on Thursday, October 24th. One analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $124.00.

Live Nation Entertainment Stock Up 0.0 %

Shares of NYSE LYV opened at $117.15 on Monday. The stock has a market cap of $26.98 billion, a PE ratio of 110.52, a P/E/G ratio of 2.81 and a beta of 1.33. The company has a 50-day moving average of $107.03 and a 200 day moving average of $98.26. Live Nation Entertainment, Inc. has a 12-month low of $80.42 and a 12-month high of $119.47. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 9.22.

About Live Nation Entertainment

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