New York State Common Retirement Fund raised its holdings in shares of Live Nation Entertainment, Inc. (NYSE:LYV) by 50.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 475,877 shares of the company’s stock after purchasing an additional 158,877 shares during the period. New York State Common Retirement Fund owned about 0.23% of Live Nation Entertainment worth $20,724,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. The Manufacturers Life Insurance Company increased its stake in Live Nation Entertainment by 2.8% during the second quarter. The Manufacturers Life Insurance Company now owns 198,179 shares of the company’s stock valued at $6,906,000 after purchasing an additional 5,319 shares during the last quarter. Chicago Equity Partners LLC bought a new stake in Live Nation Entertainment during the second quarter valued at $3,674,000. BB&T Corp increased its stake in Live Nation Entertainment by 2.8% during the third quarter. BB&T Corp now owns 177,974 shares of the company’s stock valued at $7,751,000 after purchasing an additional 4,895 shares during the last quarter. Fisher Asset Management LLC increased its stake in Live Nation Entertainment by 8.2% during the third quarter. Fisher Asset Management LLC now owns 453,765 shares of the company’s stock valued at $19,761,000 after purchasing an additional 34,434 shares during the last quarter. Finally, BNP Paribas Arbitrage SA boosted its holdings in shares of Live Nation Entertainment by 82.4% during the second quarter. BNP Paribas Arbitrage SA now owns 53,630 shares of the company’s stock valued at $1,869,000 after acquiring an additional 24,226 shares during the period. Hedge funds and other institutional investors own 68.09% of the company’s stock.

Several brokerages have recently issued reports on LYV. Macquarie reissued a “buy” rating and set a $48.00 price target on shares of Live Nation Entertainment in a report on Sunday, November 5th. Zacks Investment Research raised shares of Live Nation Entertainment from a “hold” rating to a “buy” rating and set a $48.00 price target for the company in a report on Tuesday, October 24th. Jefferies Group reissued a “buy” rating and set a $42.00 price target on shares of Live Nation Entertainment in a report on Monday, October 16th. Finally, J P Morgan Chase & Co reissued a “buy” rating on shares of Live Nation Entertainment in a report on Wednesday, October 18th. Four analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $42.86.

In related news, CEO Michael Rapino sold 210,000 shares of the company’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $45.14, for a total value of $9,479,400.00. Following the completion of the sale, the chief executive officer now owns 185,277 shares of the company’s stock, valued at $8,363,403.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Joe Berchtold sold 20,000 shares of the company’s stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $45.43, for a total transaction of $908,600.00. Following the completion of the sale, the chief operating officer now directly owns 117,918 shares of the company’s stock, valued at approximately $5,357,014.74. The disclosure for this sale can be found here. Insiders sold 1,106,511 shares of company stock valued at $49,467,752 in the last ninety days. Corporate insiders own 4.77% of the company’s stock.

Shares of Live Nation Entertainment, Inc. (LYV) traded down $0.23 on Thursday, hitting $42.69. 1,805,900 shares of the stock traded hands, compared to its average volume of 1,453,080. Live Nation Entertainment, Inc. has a 52 week low of $26.41 and a 52 week high of $46.99. The firm has a market capitalization of $8,920.00, a P/E ratio of 2,146.00 and a beta of 1.05. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 1.39.

Live Nation Entertainment (NYSE:LYV) last announced its quarterly earnings results on Thursday, November 2nd. The company reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.02). The firm had revenue of $3.56 billion for the quarter, compared to analyst estimates of $3.36 billion. Live Nation Entertainment had a net margin of 0.50% and a return on equity of 3.33%. The business’s revenue was up 12.3% compared to the same quarter last year. During the same period last year, the firm posted $0.49 EPS. equities analysts expect that Live Nation Entertainment, Inc. will post 0.2 EPS for the current fiscal year.

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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.

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

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