Carillon Tower Advisers Inc. cut its holdings in Live Nation Entertainment, Inc. (NYSE:LYV) by 22.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 170,450 shares of the company’s stock after selling 49,225 shares during the period. Carillon Tower Advisers Inc.’s holdings in Live Nation Entertainment were worth $9,284,000 at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in LYV. Select Equity Group L.P. bought a new position in shares of Live Nation Entertainment in the second quarter valued at approximately $216,729,000. Findlay Park Partners LLP bought a new position in shares of Live Nation Entertainment in the third quarter valued at approximately $176,436,000. Canada Pension Plan Investment Board grew its holdings in shares of Live Nation Entertainment by 27.5% in the second quarter. Canada Pension Plan Investment Board now owns 9,709,300 shares of the company’s stock valued at $471,581,000 after acquiring an additional 2,096,500 shares in the last quarter. BlackRock Inc. grew its holdings in shares of Live Nation Entertainment by 6.0% in the third quarter. BlackRock Inc. now owns 13,741,840 shares of the company’s stock valued at $748,517,000 after acquiring an additional 778,092 shares in the last quarter. Finally, Korea Investment CORP grew its holdings in shares of Live Nation Entertainment by 902.5% in the third quarter. Korea Investment CORP now owns 598,500 shares of the company’s stock valued at $32,600,000 after acquiring an additional 538,800 shares in the last quarter. 69.34% of the stock is owned by institutional investors.
In other Live Nation Entertainment news, Director Robert Ted Enloe III sold 7,000 shares of the stock in a transaction on Friday, September 14th. The stock was sold at an average price of $54.07, for a total transaction of $378,490.00. Following the completion of the transaction, the director now directly owns 17,508 shares of the company’s stock, valued at $946,657.56. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Michael Rowles sold 25,000 shares of the stock in a transaction on Friday, November 9th. The shares were sold at an average price of $56.47, for a total value of $1,411,750.00. Following the transaction, the executive vice president now directly owns 191,237 shares of the company’s stock, 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 $55.68 on Friday. Live Nation Entertainment, Inc. has a 1-year low of $35.94 and a 1-year high of $58.26. The firm has a market cap of $11.72 billion, a price-to-earnings ratio of -116.00 and a beta of 0.99. The company has a debt-to-equity ratio of 1.76, a current ratio of 1.08 and a quick ratio of 1.08.
Live Nation Entertainment (NYSE:LYV) last announced its quarterly earnings data on Thursday, November 1st. The company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.06. The firm had revenue of $3.84 billion for the quarter, compared to the consensus estimate of $3.72 billion. During the same period last year, the company posted $0.53 earnings per share. Live Nation Entertainment’s revenue for the quarter was up 11.5% on a year-over-year basis. Analysts anticipate that Live Nation Entertainment, Inc. will post -0.06 earnings per share for the current year.
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Live Nation Entertainment Company Profile
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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