Live Nation Entertainment, Inc. $LYV Shares Bought by Natixis Advisors LLC

Natixis Advisors LLC increased its position in Live Nation Entertainment, Inc. (NYSE:LYV) by 12.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 88,192 shares of the company’s stock after buying an additional 9,965 shares during the quarter. Natixis Advisors LLC’s holdings in Live Nation Entertainment were worth $14,411,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in LYV. Principal Financial Group Inc. lifted its stake in shares of Live Nation Entertainment by 22.1% in the 3rd quarter. Principal Financial Group Inc. now owns 9,725,776 shares of the company’s stock valued at $1,589,196,000 after purchasing an additional 1,763,511 shares in the last quarter. Norges Bank acquired a new stake in Live Nation Entertainment during the 2nd quarter worth approximately $198,336,000. Vanguard Group Inc. raised its holdings in Live Nation Entertainment by 2.1% in the second quarter. Vanguard Group Inc. now owns 20,306,413 shares of the company’s stock valued at $3,071,954,000 after buying an additional 423,541 shares during the period. Holocene Advisors LP acquired a new position in Live Nation Entertainment during the second quarter valued at approximately $54,126,000. Finally, Westfield Capital Management Co. LP grew its stake in Live Nation Entertainment by 110.2% during the second quarter. Westfield Capital Management Co. LP now owns 677,730 shares of the company’s stock worth $102,527,000 after buying an additional 355,279 shares during the period. 74.52% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Live Nation Entertainment

In other Live Nation Entertainment news, Director Jeffrey T. Hinson sold 944 shares of Live Nation Entertainment stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $165.87, for a total value of $156,581.28. Following the completion of the transaction, the director owned 48,030 shares of the company’s stock, valued at $7,966,736.10. The trade was a 1.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. 3.01% of the stock is owned by company insiders.

Live Nation Entertainment Stock Down 3.6%

Shares of Live Nation Entertainment stock opened at $159.90 on Friday. The business has a 50-day moving average price of $151.17 and a 200 day moving average price of $150.50. Live Nation Entertainment, Inc. has a fifty-two week low of $112.88 and a fifty-two week high of $175.25. The firm has a market cap of $37.55 billion, a P/E ratio of -666.27 and a beta of 1.11. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 8.51.

Live Nation Entertainment (NYSE:LYV) last released its earnings results on Thursday, February 19th. The company reported ($1.06) EPS for the quarter, missing analysts’ consensus estimates of ($1.00) by ($0.06). Live Nation Entertainment had a return on equity of 48.11% and a net margin of 1.79%.The firm had revenue of $6.31 billion for the quarter, compared to the consensus estimate of $6.12 billion. During the same period in the prior year, the business earned $0.58 EPS. The company’s quarterly revenue was up 11.1% on a year-over-year basis. On average, sell-side analysts forecast that Live Nation Entertainment, Inc. will post 2.38 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on LYV. Morgan Stanley reissued an “overweight” rating and issued a $185.00 price objective on shares of Live Nation Entertainment in a research report on Friday, February 20th. TD Cowen restated a “buy” rating on shares of Live Nation Entertainment in a report on Monday, February 23rd. Oppenheimer reiterated an “outperform” rating and issued a $190.00 price target on shares of Live Nation Entertainment in a report on Friday, February 20th. Zacks Research lowered Live Nation Entertainment from a “hold” rating to a “strong sell” rating in a research report on Friday, January 16th. Finally, JPMorgan Chase & Co. upped their target price on Live Nation Entertainment from $170.00 to $180.00 and gave the stock an “overweight” rating in a research report on Friday, February 20th. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $184.40.

About Live Nation Entertainment

Live Nation Entertainment is a global live entertainment company that promotes, operates and sells tickets for live events. The company’s core activities include concert promotion and production, venue operations and management, ticketing services through its Ticketmaster platform, artist management and development, and sponsorship and advertising services tied to live events. These integrated businesses are designed to connect artists, fans and commercial partners across the live event ecosystem.

The company in its current form was created following the 2010 merger of Live Nation and Ticketmaster, combining a promoter and venue operator with one of the industry’s largest ticketing platforms.