Holocene Advisors LP Has $133.03 Million Stock Holdings in Live Nation Entertainment, Inc. $LYV

Holocene Advisors LP boosted its position in shares of Live Nation Entertainment, Inc. (NYSE:LYV) by 127.6% in the third quarter, Holdings Channel.com reports. The firm owned 814,163 shares of the company’s stock after purchasing an additional 456,373 shares during the period. Holocene Advisors LP’s holdings in Live Nation Entertainment were worth $133,034,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of LYV. Clearstead Trust LLC increased its position in Live Nation Entertainment by 469.0% in the 2nd quarter. Clearstead Trust LLC now owns 165 shares of the company’s stock worth $25,000 after purchasing an additional 136 shares during the last quarter. Ameriflex Group Inc. lifted its holdings in shares of Live Nation Entertainment by 102.4% during the 3rd quarter. Ameriflex Group Inc. now owns 166 shares of the company’s stock valued at $27,000 after buying an additional 84 shares during the last quarter. Atwood & Palmer Inc. bought a new stake in shares of Live Nation Entertainment in the 3rd quarter valued at approximately $33,000. Heartwood Wealth Advisors LLC acquired a new position in Live Nation Entertainment in the third quarter worth approximately $34,000. Finally, Measured Risk Portfolios Inc. bought a new position in Live Nation Entertainment during the third quarter valued at approximately $37,000. Hedge funds and other institutional investors own 74.52% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. Evercore reiterated an “outperform” rating and issued a $198.00 target price on shares of Live Nation Entertainment in a research note on Friday, February 20th. TD Cowen restated a “buy” rating on shares of Live Nation Entertainment in a report on Monday, February 23rd. Roth Mkm reaffirmed a “buy” rating and issued a $190.00 price objective on shares of Live Nation Entertainment in a research note on Friday, February 20th. Moffett Nathanson decreased their price objective on shares of Live Nation Entertainment from $185.00 to $180.00 and set a “buy” rating for the company in a report on Thursday, January 22nd. Finally, Guggenheim reissued a “buy” rating and set a $180.00 target price on shares of Live Nation Entertainment in a research report on Monday, March 9th. One analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $184.40.

Live Nation Entertainment Stock Performance

LYV opened at $154.14 on Monday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 8.51. The stock’s 50 day moving average price is $151.35 and its two-hundred day moving average price is $150.20. The firm has a market capitalization of $36.19 billion, a P/E ratio of -642.25 and a beta of 1.11. Live Nation Entertainment, Inc. has a 12-month low of $113.20 and a 12-month high of $175.25.

Live Nation Entertainment (NYSE:LYV) last issued its quarterly earnings results on Thursday, February 19th. The company reported ($1.06) EPS for the quarter, missing analysts’ consensus estimates of ($1.00) by ($0.06). The business had revenue of $6.31 billion for the quarter, compared to analyst estimates of $6.12 billion. Live Nation Entertainment had a return on equity of 48.11% and a net margin of 1.79%.The firm’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.58 earnings per share. On average, equities analysts forecast that Live Nation Entertainment, Inc. will post 2.38 earnings per share for the current year.

Insider Buying and Selling

In other Live Nation Entertainment news, Director Jeffrey T. Hinson sold 944 shares of the stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $165.87, for a total value of $156,581.28. Following the completion of the sale, the director directly owned 48,030 shares of the company’s stock, valued at $7,966,736.10. This represents a 1.93% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.72% of the stock is currently owned by insiders.

Live Nation Entertainment Company Profile

Live Nation Entertainment is a global live entertainment company that promotes, operates and sells tickets for live events. The company’s core activities include concert promotion and production, venue operations and management, ticketing services through its Ticketmaster platform, artist management and development, and sponsorship and advertising services tied to live events. These integrated businesses are designed to connect artists, fans and commercial partners across the live event ecosystem.

The company in its current form was created following the 2010 merger of Live Nation and Ticketmaster, combining a promoter and venue operator with one of the industry’s largest ticketing platforms.