Live Nation Entertainment, Inc. (NYSE:LYV) Stock Holdings Increased by Quantinno Capital Management LP

Quantinno Capital Management LP grew its holdings in shares of Live Nation Entertainment, Inc. (NYSE:LYV) by 3.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 29,518 shares of the company’s stock after purchasing an additional 1,121 shares during the period. Quantinno Capital Management LP’s holdings in Live Nation Entertainment were worth $3,823,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Amundi increased its stake in Live Nation Entertainment by 3.7% during the 4th quarter. Amundi now owns 1,089,290 shares of the company’s stock valued at $141,945,000 after buying an additional 39,302 shares during the period. Wealthfront Advisers LLC boosted its holdings in shares of Live Nation Entertainment by 595.3% in the fourth quarter. Wealthfront Advisers LLC now owns 39,688 shares of the company’s stock valued at $5,140,000 after acquiring an additional 33,980 shares in the last quarter. Atria Wealth Solutions Inc. bought a new stake in Live Nation Entertainment during the fourth quarter worth approximately $226,000. Aviva PLC lifted its position in Live Nation Entertainment by 1,524.1% in the fourth quarter. Aviva PLC now owns 97,057 shares of the company’s stock worth $12,569,000 after purchasing an additional 91,081 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in Live Nation Entertainment by 5.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,019,988 shares of the company’s stock valued at $132,088,000 after purchasing an additional 48,949 shares in the last quarter. 74.52% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently commented on LYV. JPMorgan Chase & Co. boosted their price objective on Live Nation Entertainment from $150.00 to $170.00 and gave the stock an “overweight” rating in a research note on Friday, February 21st. Benchmark reissued a “buy” rating and issued a $178.00 price target on shares of Live Nation Entertainment in a report on Tuesday, April 1st. Roth Mkm lowered their price objective on shares of Live Nation Entertainment from $174.00 to $164.00 and set a “buy” rating on the stock in a research note on Friday, May 2nd. Macquarie increased their target price on shares of Live Nation Entertainment from $146.00 to $165.00 and gave the company an “outperform” rating in a research note on Thursday, March 6th. Finally, Susquehanna assumed coverage on shares of Live Nation Entertainment in a research report on Monday, April 28th. They issued a “positive” rating and a $155.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to MarketBeat, Live Nation Entertainment presently has an average rating of “Moderate Buy” and a consensus target price of $162.07.

Insider Buying and Selling at Live Nation Entertainment

In other news, EVP Michael Rowles sold 63,136 shares of the business’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $155.40, for a total transaction of $9,811,334.40. Following the transaction, the executive vice president now directly owns 195,346 shares in the company, valued at $30,356,768.40. The trade was a 24.43% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Brian Capo sold 5,066 shares of the stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $123.24, for a total value of $624,333.84. Following the sale, the chief accounting officer now owns 10,549 shares of the company’s stock, valued at approximately $1,300,058.76. This represents a 32.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 68,702 shares of company stock worth $10,497,143. 3.01% of the stock is currently owned by company insiders.

Live Nation Entertainment Stock Performance

Shares of LYV stock opened at $147.80 on Monday. The company has a market capitalization of $34.26 billion, a price-to-earnings ratio of 54.34, a P/E/G ratio of 1.81 and a beta of 1.47. Live Nation Entertainment, Inc. has a 1-year low of $86.81 and a 1-year high of $157.75. 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 stock’s fifty day simple moving average is $129.40 and its 200-day simple moving average is $134.11.

Live Nation Entertainment (NYSE:LYV) last issued its earnings results on Thursday, May 1st. The company reported ($0.32) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.29). The business had revenue of $3.38 billion during the quarter, compared to analyst estimates of $3.63 billion. Live Nation Entertainment had a net margin of 3.90% and a return on equity of 139.09%. Live Nation Entertainment’s revenue for the quarter was down 11.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.60 EPS. On average, sell-side analysts predict that Live Nation Entertainment, Inc. will post 2.38 earnings per share for the current fiscal year.

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.