MSA Advisors LLC Sells 30,730 Shares of Live Nation Entertainment, Inc. (NYSE:LYV)

MSA Advisors LLC lessened its position in shares of Live Nation Entertainment, Inc. (NYSE:LYV - Free Report) by 16.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 153,975 shares of the company's stock after selling 30,730 shares during the quarter. Live Nation Entertainment accounts for 5.0% of MSA Advisors LLC's portfolio, making the stock its 5th largest position. MSA Advisors LLC owned approximately 0.07% of Live Nation Entertainment worth $19,940,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of LYV. ValueAct Holdings L.P. acquired a new position in Live Nation Entertainment in the third quarter valued at approximately $111,094,000. PointState Capital LP acquired a new stake in shares of Live Nation Entertainment in the 3rd quarter valued at $102,762,000. Artisan Partners Limited Partnership increased its stake in Live Nation Entertainment by 19.5% in the fourth quarter. Artisan Partners Limited Partnership now owns 2,733,176 shares of the company's stock valued at $353,946,000 after purchasing an additional 445,704 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Live Nation Entertainment by 55.9% during 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 worth $118,147,000 after buying an additional 387,008 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in Live Nation Entertainment by 9.4% during the 3rd quarter. Geode Capital Management LLC now owns 3,763,557 shares of the company's stock worth $410,664,000 after purchasing an additional 321,832 shares during the period. Institutional investors and hedge funds own 74.52% of the company's stock.

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Live Nation Entertainment Price Performance

Shares of NYSE LYV traded up $4.20 during mid-day trading on Monday, reaching $129.23. The company had a trading volume of 1,723,237 shares, compared to its average volume of 2,199,093. Live Nation Entertainment, Inc. has a 1-year low of $86.81 and a 1-year high of $157.75. The stock has a market cap of $30.16 billion, a PE ratio of 47.52, a P/E/G ratio of 1.81 and a beta of 1.38. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 6.10. The company has a 50-day moving average price of $138.14 and a two-hundred day moving average price of $128.84.

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

Analyst Ratings Changes

Several research firms have recently commented on LYV. Rosenblatt Securities reissued a "buy" rating and issued a $146.00 price target on shares of Live Nation Entertainment in a report on Tuesday, February 18th. JPMorgan Chase & Co. upped their price target on shares of Live Nation Entertainment from $150.00 to $170.00 and gave the stock an "overweight" rating in a research report on Friday, February 21st. Guggenheim boosted their target price on Live Nation Entertainment from $146.00 to $155.00 and gave the stock a "buy" rating in a report on Wednesday, December 4th. Benchmark restated a "buy" rating and set a $160.00 price objective on shares of Live Nation Entertainment in a research note on Thursday, February 20th. Finally, Macquarie upped their price objective on shares of Live Nation Entertainment from $146.00 to $165.00 and gave the company an "outperform" rating in a research report on Thursday, March 6th. Two analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat.com, Live Nation Entertainment currently has an average rating of "Moderate Buy" and an average price target of $157.27.

Insiders Place Their Bets

In other Live Nation Entertainment news, Director Jeffrey T. Hinson sold 500 shares of Live Nation Entertainment stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $122.95, for a total transaction of $61,475.00. Following the transaction, the director now directly owns 52,624 shares in the company, valued at approximately $6,470,120.80. The trade was a 0.94 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 $30,356,768.40. This trade represents a 24.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 68,702 shares of company stock valued at $10,497,143 in the last three months. Company insiders own 2.72% of the company's stock.

About Live Nation Entertainment

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.