Live Nation Entertainment, Inc. (NYSE:LYV) Shares Sold by Cadence Bank

Cadence Bank trimmed its position in Live Nation Entertainment, Inc. (NYSE:LYV) by 6.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 9,951 shares of the company’s stock after selling 645 shares during the period. Cadence Bank’s holdings in Live Nation Entertainment were worth $1,090,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Brooklyn Investment Group acquired a new position in shares of Live Nation Entertainment during the 3rd quarter worth approximately $31,000. Migdal Insurance & Financial Holdings Ltd. raised its position in shares of Live Nation Entertainment by 119.5% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 371 shares of the company’s stock valued at $34,000 after buying an additional 202 shares during the period. UMB Bank n.a. raised its position in shares of Live Nation Entertainment by 67.4% during the 2nd quarter. UMB Bank n.a. now owns 437 shares of the company’s stock valued at $41,000 after buying an additional 176 shares during the period. Reston Wealth Management LLC purchased a new stake in shares of Live Nation Entertainment during the 3rd quarter valued at approximately $41,000. Finally, Family Firm Inc. purchased a new stake in shares of Live Nation Entertainment during the 2nd quarter valued at approximately $42,000. 74.52% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Live Nation Entertainment news, CFO Joe Berchtold sold 29,310 shares of the company’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $97.50, for a total value of $2,857,725.00. Following the completion of the transaction, the chief financial officer now owns 566,722 shares in the company, valued at $55,255,395. This represents a 4.92 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Jeffrey T. Hinson sold 5,640 shares of the company’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $95.18, for a total transaction of $536,815.20. Following the completion of the transaction, the director now owns 53,949 shares of the company’s stock, valued at $5,134,865.82. This represents a 9.46 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 168,799 shares of company stock worth $16,449,718. Corporate insiders own 2.72% of the company’s stock.

Analyst Ratings Changes

LYV has been the topic of several analyst reports. StockNews.com raised shares of Live Nation Entertainment from a “sell” rating to a “hold” rating in a research report on Wednesday, November 20th. Benchmark lifted their price target on shares of Live Nation Entertainment from $132.00 to $144.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. The Goldman Sachs Group lifted their price target on shares of Live Nation Entertainment from $132.00 to $148.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Macquarie boosted their target price on Live Nation Entertainment from $130.00 to $146.00 and gave the company an “outperform” rating in a research report on Friday, November 15th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on Live Nation Entertainment from $130.00 to $150.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Two analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $141.53.

Live Nation Entertainment Stock Up 0.6 %

Live Nation Entertainment stock opened at $139.73 on Thursday. Live Nation Entertainment, Inc. has a twelve month low of $81.38 and a twelve month high of $141.18. The stock’s fifty day simple moving average is $118.24 and its 200-day simple moving average is $102.87. 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 firm has a market capitalization of $32.47 billion, a P/E ratio of 148.65, a P/E/G ratio of 3.81 and a beta of 1.33.

Live Nation Entertainment (NYSE:LYV) last issued its earnings results on Monday, November 11th. The company reported $1.66 EPS for the quarter, topping analysts’ consensus estimates of $1.58 by $0.08. The firm had revenue of $7.65 billion during the quarter, compared to the consensus estimate of $7.75 billion. Live Nation Entertainment had a net margin of 2.11% and a return on equity of 77.62%. The company’s revenue was down 6.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.78 earnings per share. As a group, equities analysts expect that Live Nation Entertainment, Inc. will post 1.04 earnings per share for the current fiscal year.

Live Nation Entertainment Company 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.