UMB Bank n.a. Acquires 176 Shares of Live Nation Entertainment, Inc. (NYSE:LYV)

UMB Bank n.a. increased its holdings in Live Nation Entertainment, Inc. (NYSE:LYV) by 67.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 437 shares of the company’s stock after buying an additional 176 shares during the period. UMB Bank n.a.’s holdings in Live Nation Entertainment were worth $41,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in Live Nation Entertainment by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 18,068,765 shares of the company’s stock worth $1,911,133,000 after buying an additional 110,097 shares during the period. William Blair Investment Management LLC grew its position in shares of Live Nation Entertainment by 12.0% during the 1st quarter. William Blair Investment Management LLC now owns 3,633,791 shares of the company’s stock valued at $384,346,000 after purchasing an additional 388,980 shares in the last quarter. Cantillon Capital Management LLC grew its position in shares of Live Nation Entertainment by 16.7% during the 1st quarter. Cantillon Capital Management LLC now owns 3,205,694 shares of the company’s stock valued at $339,066,000 after purchasing an additional 458,893 shares in the last quarter. Norges Bank purchased a new position in shares of Live Nation Entertainment during the 4th quarter valued at $248,139,000. Finally, Artisan Partners Limited Partnership grew its position in shares of Live Nation Entertainment by 7.5% during the 4th quarter. Artisan Partners Limited Partnership now owns 2,191,712 shares of the company’s stock valued at $205,144,000 after purchasing an additional 153,825 shares in the last quarter. 74.52% of the stock is owned by institutional investors.

Insider Activity

In other news, CAO Brian Capo sold 5,000 shares of the company’s 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 completion of the transaction, the chief accounting officer now directly owns 12,327 shares of the company’s stock, valued at $1,190,911.47. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CAO Brian Capo sold 5,000 shares of the company’s 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 completion of the transaction, the chief accounting officer now directly owns 12,327 shares of the company’s stock, valued at $1,190,911.47. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Jeffrey T. Hinson sold 1,500 shares of the company’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $94.11, for a total transaction of $141,165.00. Following the transaction, the director now directly owns 59,789 shares of the company’s stock, valued at $5,626,742.79. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,201 shares of company stock valued at $788,464. Insiders own 2.85% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on LYV shares. Redburn Atlantic upgraded shares of Live Nation Entertainment from a “neutral” rating to a “buy” rating and boosted their price target for the company from $114.00 to $115.00 in a research report on Thursday, May 9th. Macquarie restated an “outperform” rating and set a $125.00 price target on shares of Live Nation Entertainment in a research report on Wednesday, July 31st. Deutsche Bank Aktiengesellschaft upped their target price on shares of Live Nation Entertainment from $121.00 to $122.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Oppenheimer reiterated an “outperform” rating and issued a $110.00 target price on shares of Live Nation Entertainment in a research report on Tuesday, June 25th. Finally, Northcoast Research lowered shares of Live Nation Entertainment from a “buy” rating to a “neutral” rating in a research report on Tuesday, May 28th. Two investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $118.17.

Live Nation Entertainment Stock Performance

Live Nation Entertainment stock opened at $97.67 on Friday. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 9.22. The company has a market capitalization of $22.44 billion, a PE ratio of 93.02, a P/E/G ratio of 2.18 and a beta of 1.34. The firm has a fifty day simple moving average of $94.31 and a two-hundred day simple moving average of $95.70. Live Nation Entertainment, Inc. has a twelve month low of $76.48 and a twelve month high of $107.24.

Live Nation Entertainment (NYSE:LYV) last posted its quarterly earnings results on Tuesday, July 30th. The company reported $1.03 earnings per share for the quarter, missing the consensus estimate of $1.06 by ($0.03). The business had revenue of $6.02 billion during the quarter, compared to the consensus estimate of $6.02 billion. Live Nation Entertainment had a return on equity of 84.78% and a net margin of 2.20%. The business’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.02 earnings per share. Research analysts expect that Live Nation Entertainment, Inc. will post 1.21 EPS for the current year.

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.