Mitsubishi UFJ Securities Holdings Co. Ltd. Reduces Stake in Live Nation Entertainment, Inc. (NYSE:LYV)

Mitsubishi UFJ Securities Holdings Co. Ltd. lessened its holdings in shares of Live Nation Entertainment, Inc. (NYSE:LYV) by 13.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,470 shares of the company’s stock after selling 220 shares during the period. Mitsubishi UFJ Securities Holdings Co. Ltd.’s holdings in Live Nation Entertainment were worth $93,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Captrust Financial Advisors bought a new stake in shares of Live Nation Entertainment during the 4th quarter valued at $35,000. Parallel Advisors LLC boosted its holdings in shares of Live Nation Entertainment by 81.0% during the 1st quarter. Parallel Advisors LLC now owns 543 shares of the company’s stock valued at $35,000 after buying an additional 243 shares in the last quarter. CWM LLC boosted its holdings in shares of Live Nation Entertainment by 59.5% during the 1st quarter. CWM LLC now owns 622 shares of the company’s stock valued at $40,000 after buying an additional 232 shares in the last quarter. Icon Wealth Partners LLC bought a new stake in shares of Live Nation Entertainment during the 1st quarter valued at $40,000. Finally, Rockefeller Capital Management L.P. bought a new stake in shares of Live Nation Entertainment during the 1st quarter valued at $44,000. Hedge funds and other institutional investors own 70.69% of the company’s stock.

In other Live Nation Entertainment news, Director Ariel Emanuel sold 7,790 shares of the business’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $64.25, for a total value of $500,507.50. Following the completion of the transaction, the director now owns 71,394 shares of the company’s stock, valued at approximately $4,587,064.50. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Robert Ted Enloe III sold 5,447 shares of the business’s stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $62.45, for a total value of $340,165.15. Following the completion of the transaction, the director now directly owns 67,886 shares of the company’s stock, valued at approximately $4,239,480.70. The disclosure for this sale can be found here. In the last ninety days, insiders sold 21,237 shares of company stock valued at $1,359,873. 4.82% of the stock is owned by insiders.



Shares of LYV traded up $0.07 during trading hours on Wednesday, hitting $63.25. The company had a trading volume of 23,781 shares, compared to its average volume of 1,221,776. The company has a debt-to-equity ratio of 3.05, a current ratio of 0.94 and a quick ratio of 0.94. The firm has a market cap of $13.40 billion, a PE ratio of -699.33 and a beta of 1.13. Live Nation Entertainment, Inc. has a 52-week low of $45.79 and a 52-week high of $67.00.

Live Nation Entertainment (NYSE:LYV) last posted its quarterly earnings results on Thursday, May 2nd. The company reported ($0.31) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.34) by $0.03. The firm had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.59 billion. Live Nation Entertainment had a return on equity of 1.77% and a net margin of 0.22%. Live Nation Entertainment’s quarterly revenue was up 16.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.24) EPS. As a group, sell-side analysts anticipate that Live Nation Entertainment, Inc. will post 0.27 EPS for the current year.

LYV has been the topic of a number of research reports. Zacks Investment Research upgraded shares of Live Nation Entertainment from a “hold” rating to a “strong-buy” rating and set a $63.00 target price on the stock in a report on Thursday, February 14th. Citigroup lowered Live Nation Entertainment from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $59.00 to $63.00 in a research report on Friday, March 15th. They noted that the move was a valuation call. Stephens lifted their price target on Live Nation Entertainment to $70.00 and gave the stock an “overweight” rating in a research report on Friday, March 29th. ValuEngine lowered Live Nation Entertainment from a “strong-buy” rating to a “buy” rating in a research report on Monday, April 1st. Finally, Berenberg Bank initiated coverage on Live Nation Entertainment in a research report on Tuesday, May 14th. They issued a “buy” rating and a $73.00 price target for the company. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. Live Nation Entertainment presently has an average rating of “Buy” and a consensus target price of $63.18.

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Live Nation Entertainment Company Profile

Live Nation Entertainment, Inc operates as a live entertainment company. It operates through Concerts, Sponsorship & Advertising, and Ticketing segments. The Concerts segment promotes live music events in its owned or operated venues, and in rented third-party venues; operates and manages music venues; and produces music festivals and creates associated content.

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

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