WINTON GROUP Ltd Invests $3.78 Million in Live Nation Entertainment, Inc. $LYV

WINTON GROUP Ltd bought a new position in Live Nation Entertainment, Inc. (NYSE:LYV) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 26,503 shares of the company’s stock, valued at approximately $3,777,000.

Several other institutional investors have also recently made changes to their positions in LYV. Parallel Advisors LLC lifted its holdings in Live Nation Entertainment by 6.1% during the 4th quarter. Parallel Advisors LLC now owns 6,963 shares of the company’s stock valued at $992,000 after buying an additional 399 shares in the last quarter. Westfield Capital Management Co. LP lifted its holdings in Live Nation Entertainment by 19.9% during the 4th quarter. Westfield Capital Management Co. LP now owns 775,234 shares of the company’s stock valued at $110,471,000 after buying an additional 128,864 shares in the last quarter. Vise Technologies Inc. lifted its holdings in Live Nation Entertainment by 5.5% during the 4th quarter. Vise Technologies Inc. now owns 4,444 shares of the company’s stock valued at $633,000 after buying an additional 230 shares in the last quarter. CIBC Asset Management Inc lifted its holdings in Live Nation Entertainment by 65.6% during the 4th quarter. CIBC Asset Management Inc now owns 39,681 shares of the company’s stock valued at $5,655,000 after buying an additional 15,713 shares in the last quarter. Finally, Natixis Advisors LLC lifted its holdings in Live Nation Entertainment by 43.8% during the 4th quarter. Natixis Advisors LLC now owns 126,819 shares of the company’s stock valued at $18,072,000 after buying an additional 38,627 shares in the last quarter. Institutional investors own 74.52% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on LYV. Zacks Research upgraded shares of Live Nation Entertainment from a “strong sell” rating to a “hold” rating in a report on Friday, May 8th. TD Cowen reiterated a “buy” rating on shares of Live Nation Entertainment in a report on Monday, February 23rd. JPMorgan Chase & Co. lifted their price objective on shares of Live Nation Entertainment from $178.00 to $180.00 and gave the company an “overweight” rating in a report on Wednesday, May 6th. Benchmark reiterated a “buy” rating on shares of Live Nation Entertainment in a report on Thursday, February 19th. Finally, Wells Fargo & Company decreased their price objective on shares of Live Nation Entertainment from $203.00 to $199.00 and set an “overweight” rating for the company in a report on Wednesday, May 6th. Twenty equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $187.75.

Insider Transactions at Live Nation Entertainment

In other news, Director Jeffrey T. Hinson sold 944 shares of Live Nation Entertainment stock in a transaction that occurred 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 transaction, the director owned 48,030 shares of the company’s stock, valued at $7,966,736.10. The trade was a 1.93% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Michael Rowles sold 63,776 shares of Live Nation Entertainment stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $164.24, for a total transaction of $10,474,570.24. Following the completion of the transaction, the executive vice president directly owned 204,716 shares in the company, valued at approximately $33,622,555.84. The trade was a 23.75% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 157,798 shares of company stock valued at $26,088,615 in the last 90 days. Insiders own 2.89% of the company’s stock.

Live Nation Entertainment Trading Up 0.0%

NYSE LYV opened at $160.13 on Monday. The company has a debt-to-equity ratio of 13.93, a quick ratio of 0.88 and a current ratio of 0.88. The company has a market capitalization of $37.72 billion, a price-to-earnings ratio of -90.47 and a beta of 1.12. The company’s 50-day simple moving average is $160.87 and its two-hundred day simple moving average is $151.60. Live Nation Entertainment, Inc. has a one year low of $125.34 and a one year high of $175.25.

Live Nation Entertainment (NYSE:LYV) last posted its earnings results on Tuesday, May 5th. The company reported ($1.85) EPS for the quarter, missing analysts’ consensus estimates of ($0.35) by ($1.50). The business had revenue of $3.79 billion for the quarter, compared to analysts’ expectations of $3.57 billion. Live Nation Entertainment had a net margin of 0.15% and a return on equity of 45.92%. The company’s revenue for the quarter was up 12.1% on a year-over-year basis. During the same period last year, the business posted ($0.32) EPS. Equities analysts forecast that Live Nation Entertainment, Inc. will post 1.13 EPS for the current fiscal year.

About Live Nation Entertainment

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.