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Levin Capital Strategies LP Increases Position in Live Nation Entertainment, Inc. (NYSE: LYV )

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Levin Capital Strategies LP increased its stake in Live Nation Entertainment, Inc. (NYSE ticker symbol: LIEget rating) rose 5.8% in the third quarter, according to the company’s most recent disclosure to the Securities and Exchange Commission. The company owns 31,511 shares of the company after acquiring an additional 1,733 shares during the quarter. As of its most recent SEC filing, Levin Capital Strategies LP’s holding in Live Nation Entertainment was valued at $2,396,000.

Several other large investors also adjusted their positions in LYV. The Florida Retirement System State Administration increased its stake in Live Nation Entertainment by 0.4% in the third quarter. The Florida Retirement System State Administration now owns 161,121 shares of the company worth $12,252,000 after purchasing an additional 695 shares last quarter. Mutual of America Capital Management LLC increased its position in Live Nation Entertainment by 5.3% in the third quarter. Mutual of America Capital Management LLC now owns 19,645 shares of the company worth $1,494,000 after purchasing an additional 992 shares last quarter. The North Carolina treasurer boosted its stake in Live Nation Entertainment by 4.6 percent in the third quarter. After purchasing an additional 2,980 shares last quarter, the North Carolina treasurer now owns 68,151 shares of the company’s stock, worth $5,182,000. KBC Group NV increased its position in Live Nation Entertainment by 12.6% in the third quarter. KBC Group NV now owns 12,953 shares of the company worth $985,000 after acquiring an additional 1,447 shares last quarter. Finally, Stephens Investment Management Group LLC increased its position in Live Nation Entertainment by 1.7% during the third quarter. Stephens Investment Management Group LLC now owns 649,225 shares of the company worth $49,367,000 after acquiring an additional 10,555 shares last quarter. 69.90% of the shares are currently held by hedge funds and other institutional investors.

insider trading

In other Live Nation Entertainment news, Director Jimmy Iovine purchased 13,740 shares of the company in a transaction dated Thursday, December 1st. The stock was acquired at an average price of $73.28 per share for a total value of $1,006,867.20. After the acquisition, the director now directly owns 13,740 shares of the company’s stock, worth $1,006,867.20.The transaction was disclosed in a filing with the U.S. Securities and Exchange Commission, which is available via this hyperlink. Insiders own 4.01% of the company.

Wall Street analysts forecast growth

Several analysts have issued reports on the stock. Guggenheim cut their price target on Live Nation Entertainment from $140.00 to $120.00 and set a “buy” rating on the stock in a research note on Friday, October 7th. Stock News Network Shares of Live Nation Entertainment were upgraded from a “hold” rating to a “buy” rating in a research note on Wednesday, October 19th. Jefferies Financial Group cut their price target on shares of Live Nation Entertainment from $120.00 to $92.00 in a report on Thursday, December 8th. Citigroup upgraded shares of Live Nation Entertainment from a “neutral” rating to a “buy” rating and lowered their price target for the company from $90.00 to $82.00 in a report on Monday, November 28th. Finally, Goldman Sachs Group lowered their price target on Live Nation Entertainment from $130.00 to $112.00 and set a “buy” rating on the stock in a report on Friday, November 4th. Two equity research analysts have rated the stock with a hold rating and nine have issued a buy rating on the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $105.67.

Live Nation Entertainment Price Performance

shares Live Nation Entertainment Stock It rose $1.53 to $82.85 during Thursday’s session. The stock’s volume was 381,232 shares, compared with its average volume of 2,092,238 shares. The stock’s 50-day moving average is $72.74 and its 200-day moving average is $80.54. The company has a market cap of $19.13 billion, a price-to-earnings ratio of 116.17, and a beta of 1.29. Live Nation Entertainment, Inc. had a twelve-month low of $65.05 and a twelve-month high of $126.79. The company’s current ratio is 1.04, quick ratio is 1.04, and debt-to-equity ratio is 12.85.

Live Nation Entertainment (NYSE ticker symbol: LIEget rating) last released quarterly earnings data on Thursday, November 3rd. The company reported EPS of $1.39 for the quarter, beating analysts’ consensus estimate of $1.08 by $0.31. The business reported revenue of $6.15 billion for the quarter, compared with the consensus estimate of $4.97 billion. Live Nation Entertainment had a net profit margin of 2.01% and a return on equity of 1,222.70%. Equity analysts expect Live Nation Entertainment, Inc. to report EPS of 0.53 for the fiscal year.

About Live Nation Entertainment

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Live Nation Entertainment, Inc operates as an entertainment company. The company produces, markets and sells live concerts for artists through its global concert pipeline. It operates through the following segments: Concerts, Sponsorship and Advertising, and Ticketing. The Concerts segment is involved in the promotion of live music events at owned or operated venues as well as leased third-party venues.

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Want to see which other hedge funds hold LYV? Visit HoldingsChannel.com Get Live Nation Entertainment, Inc.’s latest 13F filing and insider trading (NYSE ticker symbol: LIEget rating).

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

This breaking news alert is powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate coverage. This story was reviewed by MarketBeat’s editorial team before publication. Please send any questions or comments about this story to contact@marketbeat.com.

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