Keybank National Association OH Has $369,000 Stock Position in Live Nation Entertainment, Inc. (NYSE:LYV)

Keybank National Association OH lowered its holdings in Live Nation Entertainment, Inc. (NYSE:LYV) by 52.8% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,561 shares of the company’s stock after selling 6,222 shares during the quarter. Keybank National Association OH’s holdings in Live Nation Entertainment were worth $369,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. NEXT Financial Group Inc acquired a new stake in Live Nation Entertainment in the 3rd quarter valued at approximately $26,000. Quest Capital Management Inc. ADV acquired a new stake in Live Nation Entertainment in the 3rd quarter valued at approximately $28,000. KCS Wealth Advisory acquired a new stake in Live Nation Entertainment in the 3rd quarter valued at approximately $36,000. Steward Partners Investment Advisory LLC acquired a new stake in Live Nation Entertainment in the 2nd quarter valued at approximately $37,000. Finally, Point72 Asset Management L.P. acquired a new stake in Live Nation Entertainment in the 2nd quarter valued at approximately $80,000. 69.09% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE:LYV opened at $65.40 on Friday. Live Nation Entertainment, Inc. has a 1-year low of $46.02 and a 1-year high of $73.71. The firm has a market capitalization of $13.81 billion, a PE ratio of -726.67 and a beta of 1.19. The business’s 50 day moving average is $66.91 and its 200-day moving average is $67.40. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 2.49.

Live Nation Entertainment (NYSE:LYV) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.71 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.79 by ($0.08). Live Nation Entertainment had a return on equity of 4.96% and a net margin of 0.61%. The firm had revenue of $3.77 billion for the quarter, compared to analyst estimates of $4.07 billion. During the same period in the previous year, the business posted $0.70 EPS. Live Nation Entertainment’s revenue for the quarter was down 1.6% compared to the same quarter last year. On average, sell-side analysts predict that Live Nation Entertainment, Inc. will post 0.15 EPS for the current year.

LYV has been the topic of a number of research analyst reports. ValuEngine raised Live Nation Entertainment from a “hold” rating to a “buy” rating in a report on Friday, November 1st. Jefferies Financial Group set a $84.00 target price on Live Nation Entertainment and gave the company a “buy” rating in a report on Friday, October 25th. Zacks Investment Research lowered Live Nation Entertainment from a “buy” rating to a “hold” rating in a report on Saturday, November 2nd. Evercore ISI raised Live Nation Entertainment from an “in-line” rating to an “outperform” rating in a report on Monday, November 11th. Finally, Guggenheim set a $84.00 price objective on Live Nation Entertainment and gave the stock a “buy” rating in a report on Friday, November 1st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $73.33.

In other news, Director James S. Kahan acquired 4,500 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The shares were bought at an average price of $61.54 per share, with a total value of $276,930.00. Following the acquisition, the director now owns 82,821 shares of the company’s stock, valued at $5,096,804.34. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Michael Rowles sold 67,840 shares of Live Nation Entertainment stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $71.71, for a total value of $4,864,806.40. Following the sale, the executive vice president now directly owns 257,691 shares in the company, valued at approximately $18,479,021.61. The disclosure for this sale can be found here. 4.82% of the stock is currently owned by company insiders.

About Live Nation Entertainment

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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