Shufro Rose & Co. LLC held its stake in Live Nation Entertainment, Inc. (NYSE:LYV) during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 23,526 shares of the company’s stock at the end of the second quarter. Shufro Rose & Co. LLC’s holdings in Live Nation Entertainment were worth $820,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in LYV. UBS Asset Management Americas Inc. raised its position in Live Nation Entertainment by 43.6% in the fourth quarter. UBS Asset Management Americas Inc. now owns 175,571 shares of the company’s stock valued at $4,671,000 after buying an additional 53,278 shares during the period. Highbridge Capital Management LLC raised its position in Live Nation Entertainment by 198.9% in the fourth quarter. Highbridge Capital Management LLC now owns 10,582 shares of the company’s stock valued at $282,000 after buying an additional 21,282 shares during the period. Creative Planning raised its position in Live Nation Entertainment by 242.9% in the first quarter. Creative Planning now owns 14,399 shares of the company’s stock valued at $437,000 after buying an additional 10,200 shares during the period. Bank of Montreal Can raised its position in Live Nation Entertainment by 2.5% in the first quarter. Bank of Montreal Can now owns 221,003 shares of the company’s stock valued at $6,712,000 after buying an additional 5,400 shares during the period. Finally, Capstone Asset Management Co. raised its position in Live Nation Entertainment by 2.9% in the first quarter. Capstone Asset Management Co. now owns 12,578 shares of the company’s stock valued at $382,000 after buying an additional 350 shares during the period. 65.62% of the stock is owned by institutional investors.

Live Nation Entertainment, Inc. (NYSE:LYV) opened at 39.37 on Tuesday. The firm’s 50-day moving average is $36.26 and its 200-day moving average is $32.70. Live Nation Entertainment, Inc. has a 1-year low of $25.56 and a 1-year high of $42.20. The firm has a market capitalization of $8.07 billion, a price-to-earnings ratio of 5624.29 and a beta of 1.00.

Live Nation Entertainment (NYSE:LYV) last announced its quarterly earnings data on Wednesday, August 9th. The company reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.10. Live Nation Entertainment had a net margin of 0.25% and a return on equity of 1.60%. The company had revenue of $2.82 billion during the quarter, compared to analysts’ expectations of $2.37 billion. During the same quarter in the prior year, the company posted $0.13 EPS. The business’s revenue was up 29.3% on a year-over-year basis. On average, equities analysts anticipate that Live Nation Entertainment, Inc. will post $0.20 EPS for the current year.

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LYV has been the subject of several research reports. Macquarie lifted their price target on shares of Live Nation Entertainment from $34.00 to $37.00 and gave the company a “buy” rating in a report on Monday, April 24th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $33.00 price target on shares of Live Nation Entertainment in a report on Monday, April 24th. Zacks Investment Research raised shares of Live Nation Entertainment from a “hold” rating to a “buy” rating and set a $36.00 price target for the company in a report on Wednesday, April 26th. Citigroup Inc. reaffirmed a “buy” rating and issued a $39.00 price target (up from $32.00) on shares of Live Nation Entertainment in a report on Friday, May 19th. Finally, Guggenheim initiated coverage on shares of Live Nation Entertainment in a report on Wednesday, May 24th. They issued a “buy” rating and a $40.00 price target for the company. Four 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 stock. Live Nation Entertainment presently has an average rating of “Buy” and an average target price of $38.75.

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

About Live Nation Entertainment

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.

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

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