Renaissance Technologies LLC lessened its holdings in Live Nation Entertainment, Inc. (NYSE:LYV) by 19.1% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,240,400 shares of the company’s stock after selling 528,966 shares during the period. Renaissance Technologies LLC owned approximately 1.09% of Live Nation Entertainment worth $78,078,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of LYV. Russell Investments Group Ltd. raised its position in Live Nation Entertainment by 122.2% in the first quarter. Russell Investments Group Ltd. now owns 85,064 shares of the company’s stock worth $2,584,000 after purchasing an additional 46,787 shares in the last quarter. World Asset Management Inc raised its position in Live Nation Entertainment by 9.7% in the first quarter. World Asset Management Inc now owns 8,844 shares of the company’s stock worth $269,000 after purchasing an additional 783 shares in the last quarter. Karp Capital Management Corp acquired a new position in Live Nation Entertainment in the first quarter worth about $686,000. Ameriprise Financial Inc. raised its position in Live Nation Entertainment by 3.4% in the first quarter. Ameriprise Financial Inc. now owns 354,090 shares of the company’s stock worth $10,754,000 after purchasing an additional 11,704 shares in the last quarter. Finally, Parametric Portfolio Associates LLC raised its position in Live Nation Entertainment by 18.4% in the first quarter. Parametric Portfolio Associates LLC now owns 101,875 shares of the company’s stock worth $3,094,000 after purchasing an additional 15,813 shares in the last quarter. 65.62% of the stock is owned by hedge funds and other institutional investors.

Shares of Live Nation Entertainment, Inc. (NYSE:LYV) opened at 43.01 on Thursday. Live Nation Entertainment, Inc. has a 1-year low of $26.41 and a 1-year high of $43.85. The stock’s 50 day moving average is $39.56 and its 200 day moving average is $34.74. The company has a market capitalization of $8.82 billion, a PE ratio of 6144.29 and a beta of 1.01.

Live Nation Entertainment (NYSE:LYV) last issued its earnings results on Wednesday, August 9th. The company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.19 by $0.10. The company had revenue of $2.82 billion during the quarter, compared to analysts’ expectations of $2.37 billion. Live Nation Entertainment had a net margin of 0.25% and a return on equity of 1.60%. The business’s revenue for the quarter was up 29.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.13 EPS. On average, equities research analysts anticipate that Live Nation Entertainment, Inc. will post $0.22 EPS for the current fiscal year.

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LYV has been the subject of several recent research reports. Jefferies Group LLC increased their price target on shares of Live Nation Entertainment from $36.00 to $40.00 and gave the stock a “buy” rating in a research report on Tuesday, June 27th. BidaskClub lowered shares of Live Nation Entertainment from a “strong-buy” rating to a “buy” rating in a report on Thursday, June 22nd. J P Morgan Chase & Co reaffirmed a “buy” rating on shares of Live Nation Entertainment in a report on Friday, August 11th. Zacks Investment Research lowered shares of Live Nation Entertainment from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 10th. Finally, ValuEngine raised shares of Live Nation Entertainment from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Four investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $39.71.

In related news, Director Ariel Emanuel sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $41.56, for a total transaction of $415,600.00. Following the completion of the transaction, the director now directly owns 85,737 shares in the company, valued at approximately $3,563,229.72. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Brian Capo sold 7,500 shares of the company’s stock in a transaction that occurred on Friday, September 8th. The stock was sold at an average price of $40.50, for a total transaction of $303,750.00. Following the transaction, the insider now owns 13,354 shares of the company’s stock, valued at $540,837. The disclosure for this sale can be found here. 4.77% of the stock is owned by corporate insiders.

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.

Institutional Ownership by Quarter for Live Nation Entertainment (NYSE:LYV)

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