New York State Common Retirement Fund lifted its holdings in shares of Live Nation Entertainment, Inc. (NYSE:LYV) by 5.9% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 317,000 shares of the company’s stock after buying an additional 17,674 shares during the period. New York State Common Retirement Fund owned about 0.15% of Live Nation Entertainment worth $11,047,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of LYV. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Live Nation Entertainment by 9.1% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,321 shares of the company’s stock worth $185,000 after buying an additional 445 shares in the last quarter. NJ State Employees Deferred Compensation Plan acquired a new position in shares of Live Nation Entertainment during the 2nd quarter worth $210,000. Oppenheimer Asset Management Inc. acquired a new position in shares of Live Nation Entertainment during the 1st quarter worth $233,000. KBC Group NV acquired a new position in shares of Live Nation Entertainment during the 1st quarter worth $238,000. Finally, Montag A & Associates Inc. acquired a new position in shares of Live Nation Entertainment during the 2nd quarter worth $261,000. 65.64% of the stock is owned by institutional investors.

A number of equities analysts have recently commented on LYV shares. Jefferies Group LLC boosted their price target on Live Nation Entertainment from $36.00 to $40.00 and gave the stock a “buy” rating in a report on Tuesday, June 27th. BidaskClub cut Live Nation Entertainment from a “strong-buy” rating to a “buy” rating in a report on Thursday, June 22nd. J P Morgan Chase & Co reaffirmed a “buy” rating on shares of Live Nation Entertainment in a report on Friday, August 11th. Zacks Investment Research cut Live Nation Entertainment from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 10th. Finally, Northcoast Research cut Live Nation Entertainment from a “buy” rating to a “neutral” rating in a report on Monday, June 19th. They noted that the move was a valuation call. Four research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $39.67.

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In related news, Director Ariel Emanuel sold 10,000 shares of the business’s stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $41.56, for a total transaction of $415,600.00. Following the transaction, the director now owns 85,737 shares in the company, valued at approximately $3,563,229.72. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Brian Capo sold 7,500 shares of the business’s stock in a transaction dated Friday, September 8th. The shares were sold at an average price of $40.50, for a total value of $303,750.00. Following the transaction, the insider now owns 13,354 shares in the company, valued at approximately $540,837. The disclosure for this sale can be found here. 4.77% of the stock is owned by insiders.

Shares of Live Nation Entertainment, Inc. (NYSE LYV) opened at 42.82 on Friday. The company has a market cap of $8.78 billion, a price-to-earnings ratio of 6117.14 and a beta of 1.03. The firm has a 50 day moving average price of $41.31 and a 200-day moving average price of $35.99. Live Nation Entertainment, Inc. has a 52-week low of $26.41 and a 52-week high of $43.86.

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

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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