Bamco Inc. NY Invests $25.25 Million in Live Nation Entertainment, Inc. (NYSE:LYV)

Bamco Inc. NY bought a new stake in Live Nation Entertainment, Inc. (NYSE:LYV - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 195,000 shares of the company's stock, valued at approximately $25,252,000. Bamco Inc. NY owned approximately 0.08% of Live Nation Entertainment 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. increased its stake in shares of 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 worth $787,950,000 after purchasing an additional 87,032 shares during the last quarter. World Investment Advisors LLC acquired a new position in Live Nation Entertainment during the third quarter worth approximately $38,000. Wilmington Savings Fund Society FSB bought a new stake in Live Nation Entertainment in the third quarter valued at approximately $499,000. Tidal Investments LLC boosted its stake in shares of Live Nation Entertainment by 10.7% during the 3rd quarter. Tidal Investments LLC now owns 24,668 shares of the company's stock worth $2,701,000 after acquiring an additional 2,386 shares during the period. Finally, Retirement Systems of Alabama increased its holdings in shares of Live Nation Entertainment by 8.6% during the 3rd quarter. Retirement Systems of Alabama now owns 34,119 shares of the company's stock worth $3,736,000 after acquiring an additional 2,697 shares during the last quarter. 74.52% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Live Nation Entertainment

In related news, EVP Michael Rowles sold 63,136 shares of the company's stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $155.40, for a total transaction of $9,811,334.40. Following the completion of the transaction, the executive vice president now directly owns 195,346 shares in the company, valued at $30,356,768.40. This represents a 24.43 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jeffrey T. Hinson sold 500 shares of the firm's stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $122.95, for a total transaction of $61,475.00. Following the completion of the sale, the director now owns 52,624 shares in the company, valued at $6,470,120.80. This represents a 0.94 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 68,702 shares of company stock worth $10,497,143 over the last 90 days. Insiders own 2.72% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on LYV. Morgan Stanley lifted their price objective on shares of Live Nation Entertainment from $150.00 to $170.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 18th. Rosenblatt Securities decreased their price target on shares of Live Nation Entertainment from $174.00 to $170.00 and set a "buy" rating on the stock in a research note on Friday. Bank of America raised their price objective on shares of Live Nation Entertainment from $149.00 to $175.00 and gave the stock a "buy" rating in a research report on Monday, February 24th. Roth Mkm decreased their target price on Live Nation Entertainment from $174.00 to $164.00 and set a "buy" rating on the stock in a research report on Friday. Finally, Benchmark reissued a "buy" rating and set a $178.00 price target on shares of Live Nation Entertainment in a report on Tuesday, April 1st. Two equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company's stock. According to data from MarketBeat.com, Live Nation Entertainment currently has a consensus rating of "Moderate Buy" and an average price target of $159.13.

Live Nation Entertainment Stock Performance

Shares of Live Nation Entertainment stock opened at $134.11 on Monday. The company has a 50 day moving average of $128.41 and a 200-day moving average of $132.50. The company has a market cap of $31.39 billion, a PE ratio of 49.31, a price-to-earnings-growth ratio of 1.81 and a beta of 1.47. 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, Inc. has a 1-year low of $86.81 and a 1-year high of $157.75.

Live Nation Entertainment (NYSE:LYV - Get Free Report) last issued its earnings results on Thursday, May 1st. The company reported ($0.32) earnings per share for the quarter, missing analysts' consensus estimates of ($0.03) by ($0.29). Live Nation Entertainment had a net margin of 3.90% and a return on equity of 139.09%. The business had revenue of $3.38 billion during the quarter, compared to analyst estimates of $3.63 billion. During the same period in the prior year, the business posted $0.60 EPS. The company's revenue for the quarter was down 11.0% compared to the same quarter last year. As a group, equities research analysts forecast that Live Nation Entertainment, Inc. will post 2.38 earnings per share for the current fiscal year.

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.

Want to see what other hedge funds are holding LYV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Live Nation Entertainment, Inc. (NYSE:LYV - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.