Live Nation Entertainment, Inc. $LYV Stake Boosted by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lifted its stake in shares of Live Nation Entertainment, Inc. (NYSE:LYV) by 11.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,393,745 shares of the company’s stock after purchasing an additional 143,432 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Live Nation Entertainment were worth $212,502,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Principal Financial Group Inc. increased its position in Live Nation Entertainment by 3.4% in the first quarter. Principal Financial Group Inc. now owns 11,095,305 shares of the company’s stock worth $1,692,151,000 after buying an additional 367,624 shares during the period. Independent Franchise Partners LLP grew its position in Live Nation Entertainment by 3.5% in the 4th quarter. Independent Franchise Partners LLP now owns 5,733,718 shares of the company’s stock worth $817,055,000 after purchasing an additional 193,104 shares during the last quarter. Geode Capital Management LLC grew its position in Live Nation Entertainment by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 4,301,900 shares of the company’s stock worth $610,707,000 after purchasing an additional 20,165 shares during the last quarter. Jericho Capital Asset Management L.P. increased its stake in shares of Live Nation Entertainment by 37.9% in the fourth quarter. Jericho Capital Asset Management L.P. now owns 3,996,512 shares of the company’s stock valued at $569,503,000 after purchasing an additional 1,099,350 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its holdings in shares of Live Nation Entertainment by 4.0% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 3,195,473 shares of the company’s stock valued at $455,355,000 after buying an additional 123,800 shares during the last quarter. Institutional investors and hedge funds own 74.52% of the company’s stock.

Live Nation Entertainment Stock Up 0.7%

LYV opened at $177.29 on Friday. The company has a debt-to-equity ratio of 13.93, a quick ratio of 0.88 and a current ratio of 0.88. The company has a market capitalization of $41.76 billion, a PE ratio of -100.16 and a beta of 1.11. The stock’s fifty day moving average is $173.49 and its 200-day moving average is $161.07. Live Nation Entertainment, Inc. has a one year low of $125.34 and a one year high of $188.00.

Live Nation Entertainment (NYSE:LYV) last announced its earnings results on Tuesday, May 5th. The company reported ($1.85) earnings per share for the quarter, missing the consensus estimate of ($0.35) by ($1.50). Live Nation Entertainment had a net margin of 0.15% and a return on equity of 45.92%. The firm had revenue of $3.79 billion for the quarter, compared to the consensus estimate of $3.57 billion. During the same period in the prior year, the business earned ($0.32) EPS. The company’s quarterly revenue was up 12.1% compared to the same quarter last year. On average, equities analysts predict that Live Nation Entertainment, Inc. will post 0.94 EPS for the current fiscal year.

Wall Street Analyst Weigh In

LYV has been the subject of a number of recent analyst reports. Susquehanna lowered Live Nation Entertainment from a “positive” rating to a “neutral” rating and increased their price objective for the stock from $181.00 to $186.00 in a report on Tuesday. Citizens Jmp boosted their price target on Live Nation Entertainment from $190.00 to $215.00 and gave the stock a “market outperform” rating in a research report on Wednesday. Deutsche Bank Aktiengesellschaft increased their price target on Live Nation Entertainment from $180.00 to $185.00 and gave the stock a “buy” rating in a research note on Wednesday, May 6th. Zacks Research lowered Live Nation Entertainment from a “hold” rating to a “strong sell” rating in a report on Friday, July 17th. Finally, The Goldman Sachs Group upped their price objective on shares of Live Nation Entertainment from $192.00 to $202.00 and gave the stock a “buy” rating in a report on Wednesday, July 8th. Twenty investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $195.95.

Insider Activity

In related news, EVP Michael Rowles sold 63,776 shares of the stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $164.24, for a total transaction of $10,474,570.24. Following the completion of the sale, the executive vice president directly owned 204,716 shares of the company’s stock, valued at $33,622,555.84. This represents a 23.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP John Hopmans sold 93,078 shares of Live Nation Entertainment stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $166.07, for a total transaction of $15,457,463.46. Following the completion of the transaction, the executive vice president owned 188,751 shares in the company, valued at approximately $31,345,878.57. This trade represents a 33.03% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 2.89% of the company’s stock.

Live Nation Entertainment Profile

Live Nation Entertainment is a global live entertainment company that promotes, operates and sells tickets for live events. The company’s core activities include concert promotion and production, venue operations and management, ticketing services through its Ticketmaster platform, artist management and development, and sponsorship and advertising services tied to live events. These integrated businesses are designed to connect artists, fans and commercial partners across the live event ecosystem.

The company in its current form was created following the 2010 merger of Live Nation and Ticketmaster, combining a promoter and venue operator with one of the industry’s largest ticketing platforms.