Cubist Systematic Strategies LLC purchased a new position in shares of Live Nation Entertainment, Inc. (NYSE:LYV) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 57,296 shares of the company’s stock, valued at approximately $2,495,000.
Several other institutional investors have also bought and sold shares of LYV. Canada Pension Plan Investment Board raised its holdings in shares of Live Nation Entertainment by 8,038.5% during the 3rd quarter. Canada Pension Plan Investment Board now owns 5,786,500 shares of the company’s stock worth $252,002,000 after buying an additional 5,715,400 shares in the last quarter. William Blair Investment Management LLC acquired a new position in shares of Live Nation Entertainment during the 2nd quarter worth $109,693,000. Victory Capital Management Inc. raised its holdings in shares of Live Nation Entertainment by 80.9% during the 2nd quarter. Victory Capital Management Inc. now owns 1,516,512 shares of the company’s stock worth $52,851,000 after buying an additional 678,283 shares in the last quarter. Scout Investments Inc. acquired a new position in shares of Live Nation Entertainment during the 3rd quarter worth $24,217,000. Finally, Vanguard Group Inc. raised its holdings in shares of Live Nation Entertainment by 4.3% during the 2nd quarter. Vanguard Group Inc. now owns 10,866,455 shares of the company’s stock worth $378,695,000 after buying an additional 451,457 shares in the last quarter. 68.09% of the stock is owned by institutional investors.
In other Live Nation Entertainment news, EVP Michael Rowles sold 46,511 shares of the company’s stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $43.35, for a total value of $2,016,251.85. Following the sale, the executive vice president now owns 192,054 shares in the company, valued at approximately $8,325,540.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Michael Rapino sold 70,000 shares of the company’s stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $42.87, for a total value of $3,000,900.00. Following the completion of the sale, the chief executive officer now owns 115,277 shares in the company, valued at approximately $4,941,924.99. The disclosure for this sale can be found here. Insiders sold a total of 1,106,511 shares of company stock worth $49,467,752 in the last quarter. Corporate insiders own 4.77% of the company’s stock.
Shares of Live Nation Entertainment, Inc. (LYV) traded down $0.23 on Thursday, reaching $42.69. The company’s stock had a trading volume of 1,805,900 shares, compared to its average volume of 1,453,080. Live Nation Entertainment, Inc. has a fifty-two week low of $26.41 and a fifty-two week high of $46.99. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 1.39. The firm has a market cap of $8,920.00, a PE ratio of 2,146.00 and a beta of 1.05.
Live Nation Entertainment (NYSE:LYV) last issued its earnings results on Thursday, November 2nd. The company reported $0.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.02). Live Nation Entertainment had a return on equity of 3.33% and a net margin of 0.50%. The firm had revenue of $3.56 billion during the quarter, compared to analyst estimates of $3.36 billion. During the same period in the previous year, the company earned $0.49 EPS. Live Nation Entertainment’s revenue for the quarter was up 12.3% on a year-over-year basis. equities analysts forecast that Live Nation Entertainment, Inc. will post 0.2 earnings per share for the current fiscal year.
Live Nation Entertainment Company Profile
Live Nation Entertainment, Inc is a live entertainment company. The Company’s businesses consist of the promotion of live events, including ticketing, sponsorship and advertising. Its segments include Concerts, Sponsorship & Advertising, Ticketing and Artist Nation. The Concerts segment is engaged in promotion of live music events in its owned or operated venues and in rented third-party venues; operation and management of music venues; production of music festivals, and creation of associated content.
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