Comerica Bank raised its position in shares of Live Nation Entertainment, Inc. (NYSE:LYV) by 1.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 104,255 shares of the company’s stock after buying an additional 1,864 shares during the period. Comerica Bank owned 0.05% of Live Nation Entertainment worth $3,843,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Baskin Financial Services Inc. acquired a new position in Live Nation Entertainment during the first quarter worth $10,274,000. Swiss National Bank raised its position in Live Nation Entertainment by 1.2% in the first quarter. Swiss National Bank now owns 218,000 shares of the company’s stock worth $6,621,000 after buying an additional 2,500 shares during the period. Gargoyle Investment Advisor L.L.C. acquired a new position in Live Nation Entertainment during the first quarter worth $472,000. Capital Fund Management S.A. acquired a new position in Live Nation Entertainment during the first quarter worth $689,000. Finally, State Treasurer State of Michigan raised its position in Live Nation Entertainment by 0.8% in the first quarter. State Treasurer State of Michigan now owns 53,700 shares of the company’s stock worth $1,631,000 after buying an additional 400 shares during the period. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Live Nation Entertainment, Inc. (NYSE:LYV) opened at 38.90 on Wednesday. Live Nation Entertainment, Inc. has a 52-week low of $25.56 and a 52-week high of $42.20. The company has a market capitalization of $7.98 billion, a price-to-earnings ratio of 5557.14 and a beta of 1.00. The company’s 50 day moving average is $37.37 and its 200-day moving average is $33.33.

Live Nation Entertainment (NYSE:LYV) last issued its quarterly earnings results on Wednesday, August 9th. The company reported $0.29 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.10. Live Nation Entertainment had a return on equity of 1.60% and a net margin of 0.25%. The business had revenue of $2.82 billion for the quarter, compared to analyst estimates of $2.37 billion. During the same quarter in the previous year, the firm earned $0.13 earnings per share. The company’s revenue was up 29.3% on a year-over-year basis. Equities analysts anticipate that Live Nation Entertainment, Inc. will post $0.22 EPS for the current fiscal year.

WARNING: “Comerica Bank Acquires 1,864 Shares of Live Nation Entertainment, Inc. (LYV)” was first posted by Watch List News and is the property of of Watch List News. If you are accessing this news story on another site, it was stolen and republished in violation of United States and international copyright and trademark legislation. The legal version of this news story can be read at https://www.watchlistnews.com/comerica-bank-acquires-1864-shares-of-live-nation-entertainment-inc-lyv/1531051.html.

A number of research firms have weighed in on LYV. Zacks Investment Research lowered shares of Live Nation Entertainment from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 10th. J P Morgan Chase & Co reaffirmed a “buy” rating on shares of Live Nation Entertainment in a research note on Friday, August 11th. Stephens reaffirmed an “overweight” rating and issued a $44.00 price objective (up from $36.00) on shares of Live Nation Entertainment in a research note on Thursday, August 10th. Northcoast Research lowered shares of Live Nation Entertainment from a “buy” rating to a “neutral” rating in a research note on Monday, June 19th. They noted that the move was a valuation call. Finally, William Blair began coverage on shares of Live Nation Entertainment in a research note on Friday, July 21st. They issued an “outperform” rating on the stock. Four investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $39.43.

In related news, Director Robert Ted Enloe III sold 6,337 shares of Live Nation Entertainment stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $35.82, for a total transaction of $226,991.34. Following the completion of the sale, the director now owns 23,450 shares of the company’s stock, valued at $839,979. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Elizabeth Kathleen Willard sold 20,000 shares of Live Nation Entertainment stock in a transaction dated Tuesday, June 6th. The stock was sold at an average price of $34.86, for a total value of $697,200.00. Following the sale, the chief financial officer now directly owns 286,216 shares of the company’s stock, valued at approximately $9,977,489.76. The disclosure for this sale can be found here. 4.77% of the stock is currently owned by insiders.

Live Nation Entertainment Company 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.

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

Receive News & Ratings for Live Nation Entertainment Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Live Nation Entertainment Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.