Blair William & Co. IL Has $77.97 Million Stake in Live Nation Entertainment, Inc. (NYSE:LYV)

Blair William & Co. IL lowered its stake in Live Nation Entertainment, Inc. (NYSE:LYV) by 6.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 831,714 shares of the company’s stock after selling 55,667 shares during the period. Blair William & Co. IL owned 0.36% of Live Nation Entertainment worth $77,965,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the stock. Vanguard Personalized Indexing Management LLC increased its stake in shares of Live Nation Entertainment by 11.0% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 9,059 shares of the company’s stock valued at $833,000 after buying an additional 901 shares during the period. Amalgamated Bank boosted its holdings in Live Nation Entertainment by 3.4% in the second quarter. Amalgamated Bank now owns 31,845 shares of the company’s stock valued at $2,985,000 after acquiring an additional 1,038 shares during the last quarter. Meiji Yasuda Life Insurance Co increased its position in Live Nation Entertainment by 3.2% in the second quarter. Meiji Yasuda Life Insurance Co now owns 3,840 shares of the company’s stock worth $360,000 after purchasing an additional 120 shares during the period. DHK Financial Advisors Inc. bought a new stake in Live Nation Entertainment during the 2nd quarter worth about $422,000. Finally, MSA Advisors LLC lifted its position in Live Nation Entertainment by 14.8% during the 2nd quarter. MSA Advisors LLC now owns 184,705 shares of the company’s stock valued at $17,314,000 after purchasing an additional 23,800 shares during the period. Institutional investors own 74.52% of the company’s stock.

Live Nation Entertainment Trading Up 1.4 %

NYSE:LYV opened at $102.92 on Wednesday. The business’s 50-day simple moving average is $95.03 and its 200-day simple moving average is $95.97. Live Nation Entertainment, Inc. has a fifty-two week low of $76.48 and a fifty-two week high of $107.24. The company has a debt-to-equity ratio of 9.22, a current ratio of 0.92 and a quick ratio of 0.92. The stock has a market capitalization of $23.65 billion, a PE ratio of 98.02, a price-to-earnings-growth ratio of 2.29 and a beta of 1.34.

Live Nation Entertainment (NYSE:LYV) last released its quarterly earnings results on Tuesday, July 30th. The company reported $1.03 earnings per share for the quarter, missing the consensus estimate of $1.06 by ($0.03). Live Nation Entertainment had a net margin of 2.20% and a return on equity of 84.78%. The company had revenue of $6.02 billion during the quarter, compared to analyst estimates of $6.02 billion. During the same quarter last year, the company earned $1.02 EPS. The firm’s quarterly revenue was up 7.0% compared to the same quarter last year. Sell-side analysts expect that Live Nation Entertainment, Inc. will post 1.21 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Live Nation Entertainment news, Director Jeffrey T. Hinson sold 1,500 shares of Live Nation Entertainment stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $94.11, for a total value of $141,165.00. Following the sale, the director now owns 59,789 shares of the company’s stock, valued at approximately $5,626,742.79. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Jeffrey T. Hinson sold 1,500 shares of the stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $94.11, for a total transaction of $141,165.00. Following the completion of the transaction, the director now directly owns 59,789 shares in the company, valued at $5,626,742.79. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Michael Rowles sold 35,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $97.64, for a total value of $3,417,400.00. Following the completion of the sale, the executive vice president now owns 167,447 shares in the company, valued at approximately $16,349,525.08. The disclosure for this sale can be found here. In the last ninety days, insiders sold 177,000 shares of company stock valued at $17,238,181. Company insiders own 2.85% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Morgan Stanley reiterated an “overweight” rating and set a $120.00 price target on shares of Live Nation Entertainment in a research report on Wednesday, June 12th. Benchmark reaffirmed a “buy” rating and set a $132.00 target price on shares of Live Nation Entertainment in a report on Tuesday, September 10th. Roth Mkm reissued a “buy” rating and issued a $120.00 price target on shares of Live Nation Entertainment in a research note on Friday, May 24th. Oppenheimer lifted their price objective on Live Nation Entertainment from $110.00 to $120.00 and gave the stock an “outperform” rating in a research note on Friday, September 6th. Finally, JPMorgan Chase & Co. upped their price objective on Live Nation Entertainment from $116.00 to $118.00 and gave the company an “overweight” rating in a report on Wednesday, July 31st. Two equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Live Nation Entertainment has an average rating of “Moderate Buy” and an average target price of $119.46.

Live Nation Entertainment Company Profile

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