Live Nation Entertainment, Inc. (NYSE:LYV) Shares Sold by Bleakley Financial Group LLC

Bleakley Financial Group LLC lowered its holdings in Live Nation Entertainment, Inc. (NYSE:LYV - Free Report) by 67.7% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,879 shares of the company's stock after selling 20,714 shares during the period. Bleakley Financial Group LLC's holdings in Live Nation Entertainment were worth $1,082,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in LYV. Select Equity Group L.P. increased its holdings in Live Nation Entertainment by 12.3% in the 2nd quarter. Select Equity Group L.P. now owns 12,940,613 shares of the company's stock valued at $1,213,053,000 after buying an additional 1,415,173 shares during the period. D1 Capital Partners L.P. increased its stake in Live Nation Entertainment by 44.6% in the second quarter. D1 Capital Partners L.P. now owns 3,543,532 shares of the company's stock valued at $332,171,000 after acquiring an additional 1,093,000 shares during the last quarter. Vulcan Value Partners LLC raised its position in Live Nation Entertainment by 46.5% during the second quarter. Vulcan Value Partners LLC now owns 2,694,463 shares of the company's stock valued at $252,663,000 after purchasing an additional 855,197 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in Live Nation Entertainment by 85.0% during the second quarter. Massachusetts Financial Services Co. MA now owns 1,038,285 shares of the company's stock worth $97,329,000 after purchasing an additional 476,981 shares during the last quarter. Finally, Cantillon Capital Management LLC increased its stake in shares of Live Nation Entertainment by 16.7% in the 1st quarter. Cantillon Capital Management LLC now owns 3,205,694 shares of the company's stock valued at $339,066,000 after purchasing an additional 458,893 shares during the last quarter. Institutional investors and hedge funds own 74.52% of the company's stock.

Live Nation Entertainment Price Performance

Shares of LYV traded up $0.02 during trading hours on Monday, reaching $114.96. 1,298,680 shares of the stock traded hands, compared to its average volume of 2,116,938. The company has a market cap of $26.41 billion, a P/E ratio of 109.13, a price-to-earnings-growth ratio of 2.65 and a beta of 1.35. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 9.22. The company's 50-day moving average price is $102.67 and its two-hundred day moving average price is $97.13. Live Nation Entertainment, Inc. has a 52-week low of $76.48 and a 52-week high of $116.57.

Live Nation Entertainment (NYSE:LYV - Get Free Report) last posted its earnings results on Tuesday, July 30th. The company reported $1.03 EPS for the quarter, missing analysts' consensus estimates of $1.06 by ($0.03). The firm had revenue of $6.02 billion for the quarter, compared to the consensus estimate of $6.02 billion. Live Nation Entertainment had a net margin of 2.20% and a return on equity of 84.78%. The firm's revenue was up 7.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.02 earnings per share. On average, analysts anticipate that Live Nation Entertainment, Inc. will post 1.21 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on LYV. Deutsche Bank Aktiengesellschaft lifted their price target on Live Nation Entertainment from $121.00 to $122.00 and gave the company a "buy" rating in a research note on Thursday, August 1st. Benchmark reaffirmed a "buy" rating and set a $132.00 target price on shares of Live Nation Entertainment in a research note on Tuesday, September 10th. Bank of America assumed coverage on shares of Live Nation Entertainment in a research note on Wednesday, September 4th. They issued a "buy" rating and a $125.00 price target for the company. Roth Mkm boosted their price target on shares of Live Nation Entertainment from $120.00 to $132.00 and gave the company a "buy" rating in a research note on Wednesday, October 16th. Finally, JPMorgan Chase & Co. upped their price target on Live Nation Entertainment from $116.00 to $118.00 and gave the stock an "overweight" rating in a report on Wednesday, July 31st. One analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $120.77.

Insider Buying and Selling at Live Nation Entertainment

In other news, CAO Brian Capo sold 5,000 shares of the firm's stock in a transaction on Monday, August 19th. The stock was sold at an average price of $96.61, for a total transaction of $483,050.00. Following the transaction, the chief accounting officer now owns 12,327 shares in the company, valued at approximately $1,190,911.47. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related news, Director Jeffrey T. Hinson sold 1,500 shares of the company's stock in a transaction that occurred on 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 in the company, valued at $5,626,742.79. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Brian Capo sold 5,000 shares of the company's stock in a transaction on Monday, August 19th. The shares were sold at an average price of $96.61, for a total transaction of $483,050.00. Following the completion of the sale, the chief accounting officer now directly owns 12,327 shares in the company, valued at approximately $1,190,911.47. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 177,000 shares of company stock valued at $17,238,181 in the last quarter. 2.85% of the stock is owned by insiders.

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.