Xponance Inc. Grows Holdings in Live Nation Entertainment, Inc. (NYSE:LYV)

Xponance Inc. increased its position in Live Nation Entertainment, Inc. (NYSE:LYV) by 3.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,491 shares of the company’s stock after acquiring an additional 1,223 shares during the quarter. Xponance Inc.’s holdings in Live Nation Entertainment were worth $4,855,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in LYV. Principal Financial Group Inc. grew its holdings in Live Nation Entertainment by 1.2% during the 3rd quarter. Principal Financial Group Inc. now owns 7,196,551 shares of the company’s stock valued at $787,950,000 after buying an additional 87,032 shares in the last quarter. CIBC Asset Management Inc grew its holdings in Live Nation Entertainment by 14.9% during the 3rd quarter. CIBC Asset Management Inc now owns 24,916 shares of the company’s stock valued at $2,728,000 after buying an additional 3,231 shares in the last quarter. Empowered Funds LLC grew its holdings in Live Nation Entertainment by 392.4% during the 3rd quarter. Empowered Funds LLC now owns 17,336 shares of the company’s stock valued at $1,898,000 after buying an additional 13,815 shares in the last quarter. Natixis Advisors LLC grew its holdings in Live Nation Entertainment by 12.0% during the 3rd quarter. Natixis Advisors LLC now owns 66,481 shares of the company’s stock valued at $7,279,000 after buying an additional 7,136 shares in the last quarter. Finally, Mutual of America Capital Management LLC grew its holdings in Live Nation Entertainment by 7.3% during the 3rd quarter. Mutual of America Capital Management LLC now owns 19,281 shares of the company’s stock valued at $2,111,000 after buying an additional 1,320 shares in the last quarter. 74.52% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on LYV. Guggenheim increased their price objective on shares of Live Nation Entertainment from $146.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. Benchmark reiterated a “buy” rating and set a $160.00 target price on shares of Live Nation Entertainment in a research report on Thursday, February 20th. Bank of America increased their target price on Live Nation Entertainment from $149.00 to $175.00 and gave the company a “buy” rating in a research report on Monday, February 24th. JPMorgan Chase & Co. increased their target price on Live Nation Entertainment from $150.00 to $170.00 and gave the company an “overweight” rating in a research report on Friday, February 21st. Finally, StockNews.com upgraded Live Nation Entertainment from a “sell” rating to a “hold” rating in a research report on Wednesday, November 20th. Two equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, Live Nation Entertainment currently has an average rating of “Moderate Buy” and a consensus target price of $157.27.

Live Nation Entertainment Stock Up 2.8 %

NYSE:LYV opened at $122.51 on Thursday. Live Nation Entertainment, Inc. has a twelve month low of $86.81 and a twelve month high of $157.75. The company has a market cap of $28.59 billion, a price-to-earnings ratio of 45.04, a price-to-earnings-growth ratio of 1.81 and a beta of 1.38. The stock has a fifty day simple moving average of $139.01 and a 200-day simple moving average of $127.12. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 6.10.

Live Nation Entertainment (NYSE:LYV) last released its earnings results on Thursday, February 27th. The company reported $0.56 earnings per share for the quarter, topping the consensus estimate of ($0.93) by $1.49. Live Nation Entertainment had a return on equity of 139.09% and a net margin of 3.90%. The business had revenue of $5.68 billion during the quarter, compared to the consensus estimate of $5.67 billion. Analysts anticipate that Live Nation Entertainment, Inc. will post 2.38 EPS for the current year.

Insider Activity

In other news, Director Jeffrey T. Hinson sold 500 shares of the firm’s stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $122.95, for a total transaction of $61,475.00. Following the transaction, the director now owns 52,624 shares in the company, valued at approximately $6,470,120.80. This trade represents a 0.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Michael Rowles sold 63,136 shares of the firm’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $155.40, for a total value of $9,811,334.40. Following the transaction, the executive vice president now owns 195,346 shares in the company, valued at approximately $30,356,768.40. This represents a 24.43 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 68,702 shares of company stock worth $10,497,143. Company insiders own 2.72% of the company’s stock.

Live Nation Entertainment Profile

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