SG Americas Securities LLC cut its position in shares of Live Nation Entertainment, Inc. (NYSE:LYV) by 63.8% in the 4th quarter, Holdings Channel reports. The fund owned 27,247 shares of the company’s stock after selling 48,110 shares during the period. SG Americas Securities LLC’s holdings in Live Nation Entertainment were worth $1,160,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in LYV. Parametric Portfolio Associates LLC increased its stake in Live Nation Entertainment by 16.3% during the second quarter. Parametric Portfolio Associates LLC now owns 118,510 shares of the company’s stock worth $4,130,000 after acquiring an additional 16,635 shares during the last quarter. Voya Investment Management LLC increased its stake in Live Nation Entertainment by 9.6% during the second quarter. Voya Investment Management LLC now owns 51,629 shares of the company’s stock worth $1,799,000 after acquiring an additional 4,518 shares during the last quarter. Janus Henderson Group PLC acquired a new stake in Live Nation Entertainment during the second quarter worth about $1,510,000. State Street Corp increased its stake in Live Nation Entertainment by 2.8% during the second quarter. State Street Corp now owns 3,497,318 shares of the company’s stock worth $121,878,000 after acquiring an additional 95,764 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its stake in Live Nation Entertainment by 2.8% during the second quarter. The Manufacturers Life Insurance Company now owns 198,179 shares of the company’s stock worth $6,906,000 after acquiring an additional 5,319 shares during the last quarter. Institutional investors own 67.91% of the company’s stock.

Shares of Live Nation Entertainment, Inc. (LYV) opened at $44.16 on Wednesday. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 1.39. Live Nation Entertainment, Inc. has a 12 month low of $28.00 and a 12 month high of $46.99. The stock has a market capitalization of $8,977.18, a PE ratio of 2,209.10 and a beta of 1.01.

In other news, CEO Michael Rapino sold 70,000 shares of the stock in a transaction dated Wednesday, December 6th. The stock was 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 $4,941,924.99. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Joe Berchtold sold 20,000 shares of the stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $43.08, for a total value of $861,600.00. Following the completion of the sale, the chief operating officer now owns 97,918 shares of the company’s stock, valued at approximately $4,218,307.44. The disclosure for this sale can be found here. In the last quarter, insiders sold 810,000 shares of company stock valued at $36,160,500. Insiders own 4.77% of the company’s stock.

Several brokerages have commented on LYV. Macquarie restated a “buy” rating and set a $52.00 price target on shares of Live Nation Entertainment in a research note on Wednesday, January 17th. Zacks Investment Research lowered Live Nation Entertainment from a “hold” rating to a “sell” rating in a research note on Thursday, January 11th. Citigroup lowered Live Nation Entertainment from a “buy” rating to a “neutral” rating in a research note on Saturday, December 30th. Jefferies Group upped their price target on Live Nation Entertainment from $42.00 to $46.00 and gave the stock a “buy” rating in a research note on Friday, November 3rd. Finally, JPMorgan Chase & Co. restated a “buy” rating on shares of Live Nation Entertainment in a research note on Wednesday, October 18th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. Live Nation Entertainment has an average rating of “Buy” and a consensus price target of $44.57.

ILLEGAL ACTIVITY WARNING: This news story was originally published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this news story on another website, it was copied illegally and republished in violation of US and international copyright and trademark legislation. The correct version of this news story can be viewed at https://www.thecerbatgem.com/2018/02/14/live-nation-entertainment-inc-lyv-shares-sold-by-sg-americas-securities-llc.html.

Live Nation Entertainment 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.

Want to see what other hedge funds are holding LYV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Live Nation Entertainment, Inc. (NYSE:LYV).

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

Receive News & Ratings for Live Nation Entertainment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Live Nation Entertainment and related companies with MarketBeat.com's FREE daily email newsletter.