Epoch Investment Partners Inc. trimmed its holdings in shares of Live Nation Entertainment, Inc. (NYSE:LYV) by 10.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,183,041 shares of the company’s stock after selling 136,340 shares during the quarter. Epoch Investment Partners Inc. owned 0.57% of Live Nation Entertainment worth $51,522,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Canada Pension Plan Investment Board grew its holdings in shares of Live Nation Entertainment by 8,038.5% during the third quarter. Canada Pension Plan Investment Board now owns 5,786,500 shares of the company’s stock valued at $252,002,000 after purchasing an additional 5,715,400 shares during the last quarter. William Blair Investment Management LLC bought a new position in shares of Live Nation Entertainment during the second quarter valued at approximately $109,693,000. Victory Capital Management Inc. grew its holdings in shares of Live Nation Entertainment by 80.9% during the second quarter. Victory Capital Management Inc. now owns 1,516,512 shares of the company’s stock valued at $52,851,000 after purchasing an additional 678,283 shares during the last quarter. Scout Investments Inc. bought a new position in shares of Live Nation Entertainment during the third quarter valued at approximately $24,217,000. Finally, Vanguard Group Inc. grew its holdings in shares of Live Nation Entertainment by 4.3% during the second quarter. Vanguard Group Inc. now owns 10,866,455 shares of the company’s stock valued at $378,695,000 after purchasing an additional 451,457 shares during the last quarter. 68.09% of the stock is currently owned by institutional investors and hedge funds.

Shares of Live Nation Entertainment, Inc. (LYV) traded down $1.04 during midday trading on Tuesday, hitting $43.66. The stock had a trading volume of 2,898,500 shares, compared to its average volume of 1,444,942. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.11 and a current ratio of 1.11. The firm has a market capitalization of $9,243.96, a P/E ratio of 2,235.00 and a beta of 1.05. Live Nation Entertainment, Inc. has a fifty-two week low of $26.41 and a fifty-two week high of $46.99.

Live Nation Entertainment (NYSE:LYV) last issued 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). The business had revenue of $3.56 billion for the quarter, compared to analyst estimates of $3.36 billion. Live Nation Entertainment had a return on equity of 3.33% and a net margin of 0.50%. The business’s quarterly revenue was up 12.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.49 earnings per share. equities research analysts forecast that Live Nation Entertainment, Inc. will post 0.18 earnings per share for the current year.

Several equities analysts have recently commented on the company. Macquarie reaffirmed a “buy” rating and set a $48.00 target price on shares of Live Nation Entertainment in a report on Sunday, November 5th. Zacks Investment Research raised Live Nation Entertainment from a “hold” rating to a “buy” rating and set a $48.00 target price for the company in a report on Tuesday, October 24th. Jefferies Group reaffirmed a “buy” rating and set a $42.00 target price on shares of Live Nation Entertainment in a report on Monday, October 16th. J P Morgan Chase & Co reaffirmed a “buy” rating on shares of Live Nation Entertainment in a report on Wednesday, October 18th. Finally, Stephens reaffirmed an “overweight” rating and set a $44.00 target price (up from $36.00) on shares of Live Nation Entertainment in a report on Thursday, August 10th. 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 stock presently has a consensus rating of “Buy” and an average price target of $42.86.

In other news, CEO Michael Rapino sold 70,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $45.46, for a total transaction of $3,182,200.00. Following the completion of the transaction, the chief executive officer now directly owns 395,277 shares in the company, valued at $17,969,292.42. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Ariel Emanuel sold 10,000 shares of the business’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 transaction, the director now owns 85,737 shares of the company’s stock, valued at $3,563,229.72. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 824,011 shares of company stock valued at $37,250,502. Insiders own 4.77% of the company’s stock.

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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.

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

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