Scott & Selber Inc. grew its holdings in Live Nation Entertainment, Inc. (NYSE:LYV) by 1.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 41,007 shares of the company’s stock after acquiring an additional 621 shares during the period. Live Nation Entertainment accounts for 1.4% of Scott & Selber Inc.’s portfolio, making the stock its 28th largest holding. Scott & Selber Inc.’s holdings in Live Nation Entertainment were worth $2,717,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Advisor Partners LLC lifted its holdings in shares of Live Nation Entertainment by 3.4% in the first quarter. Advisor Partners LLC now owns 4,625 shares of the company’s stock valued at $294,000 after buying an additional 153 shares during the period. Piedmont Investment Advisors Inc. lifted its stake in Live Nation Entertainment by 1.2% during the 1st quarter. Piedmont Investment Advisors Inc. now owns 13,816 shares of the company’s stock valued at $878,000 after acquiring an additional 164 shares during the period. CWM LLC lifted its stake in Live Nation Entertainment by 59.5% during the 1st quarter. CWM LLC now owns 622 shares of the company’s stock valued at $40,000 after acquiring an additional 232 shares during the period. State of Alaska Department of Revenue lifted its stake in Live Nation Entertainment by 1.5% during the 2nd quarter. State of Alaska Department of Revenue now owns 16,329 shares of the company’s stock valued at $1,081,000 after acquiring an additional 235 shares during the period. Finally, Parallel Advisors LLC lifted its stake in Live Nation Entertainment by 81.0% during the 1st quarter. Parallel Advisors LLC now owns 543 shares of the company’s stock valued at $35,000 after acquiring an additional 243 shares during the period. Institutional investors and hedge funds own 69.59% of the company’s stock.

In related news, EVP Michael Rowles sold 67,840 shares of Live Nation Entertainment stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $63.14, for a total value of $4,283,417.60. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Robert Ted Enloe III sold 5,447 shares of the firm’s stock in a transaction on Friday, June 7th. The shares were sold at an average price of $62.45, for a total value of $340,165.15. Following the completion of the sale, the director now directly owns 67,886 shares of the company’s stock, valued at approximately $4,239,480.70. The disclosure for this sale can be found here. Insiders sold 81,287 shares of company stock worth $5,142,783 over the last quarter. Insiders own 4.82% of the company’s stock.

NYSE LYV traded up $0.73 during trading hours on Tuesday, hitting $71.36. The company’s stock had a trading volume of 21,277 shares, compared to its average volume of 1,012,740. Live Nation Entertainment, Inc. has a 52 week low of $46.02 and a 52 week high of $73.71. The stock has a market capitalization of $15.12 billion, a P/E ratio of -793.22 and a beta of 1.11. The company has a debt-to-equity ratio of 2.73, a current ratio of 0.93 and a quick ratio of 0.93. The company’s 50-day moving average price is $69.97.

Live Nation Entertainment (NYSE:LYV) last announced its quarterly earnings results on Thursday, July 25th. The company reported $0.41 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.02. Live Nation Entertainment had a net margin of 0.55% and a return on equity of 4.49%. The business had revenue of $3.16 billion for the quarter, compared to analysts’ expectations of $3.18 billion. During the same quarter last year, the firm earned $0.24 EPS. The firm’s revenue for the quarter was up 10.1% compared to the same quarter last year. On average, research analysts anticipate that Live Nation Entertainment, Inc. will post 0.28 EPS for the current fiscal year.

Several research analysts have weighed in on LYV shares. Atlantic Securities started coverage on shares of Live Nation Entertainment in a research note on Tuesday, June 11th. They set an “overweight” rating and a $75.00 target price for the company. Zacks Investment Research cut Live Nation Entertainment from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd. Citigroup cut Live Nation Entertainment from a “neutral” rating to a “sell” rating and set a $63.00 price target for the company. in a research note on Friday, June 28th. Berenberg Bank assumed coverage on Live Nation Entertainment in a research note on Tuesday, May 14th. They issued a “buy” rating and a $73.00 price target for the company. Finally, ValuEngine raised Live Nation Entertainment from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, May 8th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $68.57.

About Live Nation Entertainment

Live Nation Entertainment, Inc operates as a live entertainment company. It operates through Concerts, Sponsorship & Advertising, and Ticketing segments. The Concerts segment promotes live music events in its owned or operated venues, and in rented third-party venues; operates and manages music venues; and produces music festivals and creates associated content.

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

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