Assetmark Inc. Has $24.47 Million Stock Holdings in Live Nation Entertainment, Inc. (NYSE:LYV)

Assetmark Inc. increased its holdings in shares of Live Nation Entertainment, Inc. (NYSE:LYV - Free Report) by 50.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 188,975 shares of the company's stock after acquiring an additional 63,141 shares during the quarter. Assetmark Inc. owned about 0.08% of Live Nation Entertainment worth $24,472,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in LYV. ValueAct Holdings L.P. acquired a new position in Live Nation Entertainment in the 3rd quarter valued at $111,094,000. PointState Capital LP acquired a new position in Live Nation Entertainment in the 3rd quarter valued at $102,762,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Live Nation Entertainment by 55.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,079,064 shares of the company's stock valued at $118,147,000 after buying an additional 387,008 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in Live Nation Entertainment by 37.1% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,423,428 shares of the company's stock valued at $155,851,000 after buying an additional 385,143 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in Live Nation Entertainment by 9.4% in the 3rd quarter. Geode Capital Management LLC now owns 3,763,557 shares of the company's stock valued at $410,664,000 after buying an additional 321,832 shares in the last quarter. 74.52% of the stock is owned by institutional investors and hedge funds.

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Analyst Ratings Changes

LYV has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft upped their price objective on Live Nation Entertainment from $130.00 to $150.00 and gave the company a "buy" rating in a report on Tuesday, November 19th. Citigroup upped their target price on Live Nation Entertainment from $130.00 to $163.00 and gave the company a "buy" rating in a research report on Wednesday, November 20th. Macquarie upped their target price on Live Nation Entertainment from $146.00 to $165.00 and gave the company an "outperform" rating in a research report on Thursday. Rosenblatt Securities reiterated a "buy" rating and set a $146.00 target price on shares of Live Nation Entertainment in a research report on Tuesday, February 18th. Finally, StockNews.com upgraded Live Nation Entertainment from a "sell" rating to a "hold" rating in a research report on Wednesday, November 20th. Two research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company's stock. According to data from MarketBeat.com, Live Nation Entertainment presently has a consensus rating of "Moderate Buy" and a consensus price target of $157.27.

Live Nation Entertainment Trading Down 2.7 %

Live Nation Entertainment stock traded down $3.55 during trading hours on Friday, hitting $127.56. The stock had a trading volume of 3,820,645 shares, compared to its average volume of 2,106,774. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 6.10. The stock has a market cap of $29.77 billion, a price-to-earnings ratio of 46.90, a P/E/G ratio of 1.81 and a beta of 1.38. Live Nation Entertainment, Inc. has a one year low of $86.81 and a one year high of $157.75. The business's 50 day simple moving average is $140.47 and its 200-day simple moving average is $125.78.

Live Nation Entertainment (NYSE:LYV - Get Free Report) last posted its earnings results on Thursday, February 27th. The company reported $0.56 EPS for the quarter, beating the consensus estimate of ($0.93) by $1.49. The firm had revenue of $5.68 billion during the quarter, compared to the consensus estimate of $5.67 billion. Live Nation Entertainment had a return on equity of 139.09% and a net margin of 3.90%. On average, equities analysts predict that Live Nation Entertainment, Inc. will post 2.38 EPS for the current fiscal year.

Insider Buying and Selling at Live Nation Entertainment

In other news, EVP Michael Rowles sold 63,136 shares of the stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $155.40, for a total value of $9,811,334.40. Following the completion of the sale, the executive vice president now owns 195,346 shares of the company's stock, valued at approximately $30,356,768.40. This represents a 24.43 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 2.72% of the company's stock.

Live Nation Entertainment 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.