Bluestein R H & Co. decreased its holdings in shares of Live Nation Entertainment, Inc. (NYSE:LYV) by 5.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,700 shares of the company’s stock after selling 1,000 shares during the quarter. Bluestein R H & Co.’s holdings in Live Nation Entertainment were worth $582,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Teacher Retirement System of Texas boosted its stake in Live Nation Entertainment by 0.5% in the second quarter. Teacher Retirement System of Texas now owns 10,667 shares of the company’s stock worth $372,000 after buying an additional 52 shares in the last quarter. Neuberger Berman Group LLC boosted its stake in Live Nation Entertainment by 0.8% in the second quarter. Neuberger Berman Group LLC now owns 7,830 shares of the company’s stock worth $273,000 after buying an additional 63 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in Live Nation Entertainment by 0.9% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 19,493 shares of the company’s stock worth $679,000 after buying an additional 177 shares in the last quarter. Capstone Asset Management Co. boosted its stake in Live Nation Entertainment by 2.0% in the second quarter. Capstone Asset Management Co. now owns 12,828 shares of the company’s stock worth $447,000 after buying an additional 250 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its stake in Live Nation Entertainment by 2.4% in the first quarter. PNC Financial Services Group Inc. now owns 14,699 shares of the company’s stock worth $446,000 after buying an additional 346 shares in the last quarter. 65.62% of the stock is owned by institutional investors.

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In other news, Director Ariel Emanuel sold 10,000 shares of Live Nation Entertainment 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 completion of 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 is available through the SEC website. Also, insider Brian Capo sold 7,500 shares of Live Nation Entertainment stock in a transaction that occurred on Friday, September 8th. The stock was sold at an average price of $40.50, for a total value of $303,750.00. Following the completion of the transaction, the insider now owns 13,354 shares of the company’s stock, valued at approximately $540,837. The disclosure for this sale can be found here. 4.77% of the stock is currently owned by insiders.

Shares of Live Nation Entertainment, Inc. (NYSE:LYV) opened at 43.50 on Friday. The company has a market cap of $8.92 billion, a P/E ratio of 6214.29 and a beta of 1.01. The firm has a 50-day moving average price of $39.56 and a 200 day moving average price of $34.74. Live Nation Entertainment, Inc. has a 12 month low of $26.41 and a 12 month high of $43.85.

Live Nation Entertainment (NYSE:LYV) last announced its earnings results on Wednesday, August 9th. The company reported $0.29 EPS for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.10. The firm had revenue of $2.82 billion during the quarter, compared to analysts’ expectations 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 EPS. Equities analysts predict that Live Nation Entertainment, Inc. will post $0.22 earnings per share for the current year.

Several analysts have issued reports on LYV shares. Jefferies Group LLC upped their target price on Live Nation Entertainment from $36.00 to $40.00 and gave the stock a “buy” rating in a research note on Tuesday, June 27th. BidaskClub lowered Live Nation Entertainment from a “strong-buy” rating to a “buy” rating in a research note on Thursday, June 22nd. J P Morgan Chase & Co reaffirmed a “buy” rating on shares of Live Nation Entertainment in a research note on Friday, August 11th. Zacks Investment Research lowered Live Nation Entertainment from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 10th. Finally, ValuEngine raised Live Nation Entertainment from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. 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 currently has a consensus rating of “Buy” and a consensus target price of $39.71.

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.

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

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