Live Nation Entertainment, Inc. $LYV Shares Sold by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL lowered its position in Live Nation Entertainment, Inc. (NYSE:LYV) by 57.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 51,000 shares of the company’s stock after selling 70,000 shares during the period. Tudor Investment Corp ET AL’s holdings in Live Nation Entertainment were worth $8,333,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in LYV. Ameriflex Group Inc. lifted its position in Live Nation Entertainment by 102.4% in the third quarter. Ameriflex Group Inc. now owns 166 shares of the company’s stock valued at $27,000 after purchasing an additional 84 shares during the period. Atwood & Palmer Inc. acquired a new stake in shares of Live Nation Entertainment during the 3rd quarter valued at approximately $33,000. Heartwood Wealth Advisors LLC acquired a new stake in shares of Live Nation Entertainment during the 3rd quarter valued at approximately $34,000. Measured Risk Portfolios Inc. acquired a new stake in shares of Live Nation Entertainment during the 3rd quarter valued at approximately $37,000. Finally, Root Financial Partners LLC acquired a new stake in shares of Live Nation Entertainment during the 3rd quarter valued at approximately $37,000. Institutional investors and hedge funds own 74.52% of the company’s stock.

Live Nation Entertainment Trading Up 2.7%

Shares of Live Nation Entertainment stock opened at $159.96 on Tuesday. The company has a debt-to-equity ratio of 8.51, a current ratio of 1.00 and a quick ratio of 1.00. Live Nation Entertainment, Inc. has a 1 year low of $113.20 and a 1 year high of $175.25. The company has a market capitalization of $37.56 billion, a P/E ratio of -666.49 and a beta of 1.15. The business has a 50 day moving average price of $154.06 and a 200 day moving average price of $148.54.

Live Nation Entertainment (NYSE:LYV) last issued its quarterly earnings data on Thursday, February 19th. The company reported ($1.06) earnings per share (EPS) for the quarter, missing the consensus estimate 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 company had revenue of $6.31 billion for the quarter, compared to analyst estimates of $6.12 billion. During the same quarter in the prior year, the firm earned $0.58 earnings per share. The company’s revenue for the quarter was up 11.1% on a year-over-year basis. Sell-side analysts anticipate that Live Nation Entertainment, Inc. will post 2.38 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on LYV shares. Weiss Ratings upgraded shares of Live Nation Entertainment from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, March 9th. Wells Fargo & Company reduced their price target on shares of Live Nation Entertainment from $204.00 to $203.00 and set an “overweight” rating for the company in a research report on Thursday, April 2nd. Guggenheim lifted their price target on shares of Live Nation Entertainment from $180.00 to $192.00 and gave the company a “buy” rating in a research report on Monday. Morgan Stanley reiterated an “overweight” rating and set a $185.00 price target on shares of Live Nation Entertainment in a research report on Friday, February 20th. Finally, Sanford C. Bernstein lifted their price target on shares of Live Nation Entertainment from $185.00 to $200.00 and gave the company an “outperform” rating in a research report on Friday, February 20th. Twenty-one research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Live Nation Entertainment has an average rating of “Moderate Buy” and an average price target of $185.19.

Insider Activity

In related news, Director Jeffrey T. Hinson sold 944 shares of Live Nation Entertainment stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $165.87, for a total transaction of $156,581.28. Following the completion of the transaction, the director directly owned 48,030 shares in the company, valued at $7,966,736.10. The trade was a 1.93% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.01% of the stock is owned by corporate insiders.

Live Nation Entertainment Profile

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.