Live Nation Entertainment, Inc. $LYV Shares Purchased by Natixis Advisors LLC

Natixis Advisors LLC boosted its holdings in Live Nation Entertainment, Inc. (NYSE:LYV) by 12.7% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 88,192 shares of the company’s stock after acquiring an additional 9,965 shares during the period. Natixis Advisors LLC’s holdings in Live Nation Entertainment were worth $14,411,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in LYV. Principal Financial Group Inc. raised its position in shares of Live Nation Entertainment by 22.1% during the 3rd quarter. Principal Financial Group Inc. now owns 9,725,776 shares of the company’s stock worth $1,589,196,000 after purchasing an additional 1,763,511 shares during the period. Norges Bank acquired a new position in Live Nation Entertainment during the 2nd quarter valued at approximately $198,336,000. Vanguard Group Inc. grew its stake in Live Nation Entertainment by 2.1% during the 2nd quarter. Vanguard Group Inc. now owns 20,306,413 shares of the company’s stock worth $3,071,954,000 after buying an additional 423,541 shares during the last quarter. Holocene Advisors LP bought a new position in Live Nation Entertainment during the 2nd quarter worth $54,126,000. Finally, Westfield Capital Management Co. LP lifted its stake in Live Nation Entertainment by 110.2% in the second quarter. Westfield Capital Management Co. LP now owns 677,730 shares of the company’s stock valued at $102,527,000 after buying an additional 355,279 shares during the last quarter. 74.52% of the stock is owned by institutional investors.

Insider Activity at Live Nation Entertainment

In other news, Director Jeffrey T. Hinson sold 944 shares of the firm’s stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $165.87, for a total transaction 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 trade represents a 1.93% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 3.01% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Zacks Research lowered shares of Live Nation Entertainment from a “hold” rating to a “strong sell” rating in a research report on Friday, January 16th. Weiss Ratings raised shares of Live Nation Entertainment from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday. Wells Fargo & Company began coverage on shares of Live Nation Entertainment in a research report on Wednesday, February 25th. They issued an “overweight” rating and a $204.00 target price for the company. Deutsche Bank Aktiengesellschaft lifted their price target on Live Nation Entertainment from $160.00 to $180.00 and gave the company a “buy” rating in a report on Monday, February 23rd. Finally, Roth Mkm reiterated a “buy” rating and set a $190.00 price objective on shares of Live Nation Entertainment in a research report on Friday, February 20th. One research 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’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $184.40.

Live Nation Entertainment Stock Performance

Shares of LYV opened at $159.90 on Friday. The company has a debt-to-equity ratio of 8.51, a current ratio of 1.00 and a quick ratio of 1.00. The firm’s 50 day moving average is $151.17 and its 200-day moving average is $150.50. Live Nation Entertainment, Inc. has a 12-month low of $112.88 and a 12-month high of $175.25. The stock has a market capitalization of $37.55 billion, a P/E ratio of -666.27 and a beta of 1.11.

Live Nation Entertainment (NYSE:LYV) last released its earnings results on Thursday, February 19th. The company reported ($1.06) EPS for the quarter, missing the consensus estimate 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 net margin of 1.79% and a return on equity of 48.11%. The firm’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.58 earnings per share. Equities research analysts anticipate that Live Nation Entertainment, Inc. will post 2.38 EPS for the current fiscal year.

Live Nation Entertainment 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.