ARP Americas LLC Invests $322,000 in Live Nation Entertainment, Inc. (LYV) Stock

ARP Americas LLC purchased a new position in Live Nation Entertainment, Inc. (NYSE:LYV) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 7,400 shares of the company’s stock, valued at approximately $322,000.

A number of other hedge funds have also recently bought and sold shares of the business. Teacher Retirement System of Texas increased its position in Live Nation Entertainment by 0.5% during the second quarter. Teacher Retirement System of Texas now owns 10,667 shares of the company’s stock valued at $372,000 after acquiring an additional 52 shares during the last quarter. Neuberger Berman Group LLC increased its position in Live Nation Entertainment by 0.8% during the second quarter. Neuberger Berman Group LLC now owns 7,830 shares of the company’s stock valued at $273,000 after acquiring an additional 63 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of Live Nation Entertainment by 0.9% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 19,493 shares of the company’s stock valued at $679,000 after purchasing an additional 177 shares during the period. Capstone Asset Management Co. boosted its stake in shares of Live Nation Entertainment by 2.0% during the second quarter. Capstone Asset Management Co. now owns 12,828 shares of the company’s stock valued at $447,000 after purchasing an additional 250 shares during the period. Finally, PNC Financial Services Group Inc. boosted its stake in shares of Live Nation Entertainment by 2.4% during the first quarter. PNC Financial Services Group Inc. now owns 14,699 shares of the company’s stock valued at $446,000 after purchasing an additional 346 shares during the period. Institutional investors and hedge funds own 65.87% of the company’s stock.

A number of analysts have recently issued reports on the stock. Stephens reissued an “overweight” rating and set a $44.00 target price (up from $36.00) on shares of Live Nation Entertainment in a research note on Thursday, August 10th. BidaskClub raised shares of Live Nation Entertainment from a “buy” rating to a “strong-buy” rating in a research note on Sunday, July 16th. Zacks Investment Research lowered shares of Live Nation Entertainment from a “hold” rating to a “sell” rating in a research note on Tuesday, October 17th. Jefferies Group LLC boosted their target price 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. Finally, J P Morgan Chase & Co reaffirmed a “buy” rating on shares of Live Nation Entertainment in a research note on Friday, August 11th. Four equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $41.43.

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In other Live Nation Entertainment news, insider Brian Capo sold 7,500 shares of the company’s stock in a transaction that occurred on Friday, September 8th. The stock was sold at an average price of $40.50, for a total value of $303,750.00. Following the sale, the insider now owns 13,354 shares in the company, valued at approximately $540,837. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Ariel Emanuel sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $41.56, for a total value of $415,600.00. Following the completion of the sale, the director now owns 85,737 shares in the company, valued at approximately $3,563,229.72. The disclosure for this sale can be found here. 4.77% of the stock is currently owned by corporate insiders.

Live Nation Entertainment, Inc. (NYSE LYV) opened at $43.82 on Friday. The firm has a market cap of $8.46 billion, a PE ratio of 2,046.00 and a beta of 1.07. The company has a debt-to-equity ratio of 1.54, a quick ratio of 1.04 and a current ratio of 1.04.

Live Nation Entertainment (NYSE:LYV) last posted its quarterly earnings data on Thursday, November 2nd. The company reported $0.53 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.55 by ($0.02). Live Nation Entertainment had a net margin of 0.50% and a return on equity of 3.47%. The company had revenue of $3.56 billion for the quarter, compared to analyst estimates of $3.36 billion. During the same quarter last year, the company earned $0.49 EPS. The business’s revenue was up 12.3% compared to the same quarter last year. research analysts forecast that Live Nation Entertainment, Inc. will post 0.21 earnings per share for the current fiscal year.

Live Nation Entertainment 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.

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Institutional Ownership by Quarter for Live Nation Entertainment (NYSE:LYV)

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