Live Nation Entertainment, Inc. (NYSE:LYV) Holdings Raised by Benjamin Edwards Inc.

Benjamin Edwards Inc. increased its stake in Live Nation Entertainment, Inc. (NYSE:LYV) by 1,575.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,441 shares of the company’s stock after purchasing an additional 4,176 shares during the quarter. Benjamin Edwards Inc.’s holdings in Live Nation Entertainment were worth $486,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the company. Edgestream Partners L.P. raised its holdings in shares of Live Nation Entertainment by 102.1% during the third quarter. Edgestream Partners L.P. now owns 5,308 shares of the company’s stock valued at $581,000 after acquiring an additional 2,681 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Live Nation Entertainment by 55.9% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,079,064 shares of the company’s stock valued at $118,147,000 after purchasing an additional 387,008 shares during the period. Public Sector Pension Investment Board lifted its holdings in shares of Live Nation Entertainment by 0.7% in the third quarter. Public Sector Pension Investment Board now owns 488,866 shares of the company’s stock valued at $53,526,000 after purchasing an additional 3,200 shares in the last quarter. MetLife Investment Management LLC boosted its position in shares of Live Nation Entertainment by 5.1% in the third quarter. MetLife Investment Management LLC now owns 47,931 shares of the company’s stock worth $5,248,000 after buying an additional 2,342 shares during the period. Finally, Townsquare Capital LLC grew its holdings in shares of Live Nation Entertainment by 24.9% during the third quarter. Townsquare Capital LLC now owns 4,361 shares of the company’s stock valued at $477,000 after buying an additional 870 shares in the last quarter. 74.52% of the stock is owned by hedge funds and other institutional investors.

Live Nation Entertainment Trading Up 1.6 %

Shares of NYSE:LYV opened at $136.76 on Monday. Live Nation Entertainment, Inc. has a 52-week low of $82.25 and a 52-week high of $141.18. The company has a debt-to-equity ratio of 6.10, a quick ratio of 1.01 and a current ratio of 1.01. The company has a market cap of $31.78 billion, a P/E ratio of 145.49, a P/E/G ratio of 3.45 and a beta of 1.37. The stock’s 50-day moving average is $123.33 and its 200-day moving average is $105.11.

Live Nation Entertainment (NYSE:LYV) last issued its quarterly earnings results on Monday, November 11th. The company reported $1.66 EPS for the quarter, topping analysts’ consensus estimates of $1.58 by $0.08. The company had revenue of $7.65 billion during the quarter, compared to analyst estimates of $7.75 billion. Live Nation Entertainment had a return on equity of 77.62% and a net margin of 2.11%. The company’s quarterly revenue was down 6.2% compared to the same quarter last year. During the same period in the previous year, the company earned $1.78 earnings per share. Equities research analysts predict that Live Nation Entertainment, Inc. will post 1.04 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Macquarie raised their price objective on Live Nation Entertainment from $130.00 to $146.00 and gave the stock an “outperform” rating in a research report on Friday, November 15th. JPMorgan Chase & Co. boosted their price objective on shares of Live Nation Entertainment from $118.00 to $137.00 and gave the company an “overweight” rating in a research report on Thursday, October 24th. StockNews.com upgraded shares of Live Nation Entertainment from a “sell” rating to a “hold” rating in a research report on Wednesday, November 20th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Live Nation Entertainment from $130.00 to $150.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Finally, TD Cowen lifted their price objective on Live Nation Entertainment from $108.00 to $145.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Two investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $142.13.

Insider Buying and Selling at Live Nation Entertainment

In other news, CFO Joe Berchtold sold 29,310 shares of Live Nation Entertainment stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $97.50, for a total transaction of $2,857,725.00. Following the sale, the chief financial officer now owns 566,722 shares of the company’s stock, valued at approximately $55,255,395. This trade represents a 4.92 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Michael Rowles sold 35,000 shares of the company’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $97.64, for a total value of $3,417,400.00. Following the completion of the transaction, the executive vice president now owns 167,447 shares of the company’s stock, valued at $16,349,525.08. The trade was a 17.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 163,159 shares of company stock valued at $15,912,903 in the last ninety days. Company insiders own 2.72% of the company’s stock.

Live Nation Entertainment Company Profile

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.