CANADA LIFE ASSURANCE Co Has $15.24 Million Stock Position in Live Nation Entertainment, Inc. (NYSE:LYV)

CANADA LIFE ASSURANCE Co boosted its position in shares of Live Nation Entertainment, Inc. (NYSE:LYV - Free Report) by 3.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 117,761 shares of the company's stock after purchasing an additional 3,663 shares during the period. CANADA LIFE ASSURANCE Co owned approximately 0.05% of Live Nation Entertainment worth $15,237,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Amundi increased its position in shares of Live Nation Entertainment by 3.7% during the fourth quarter. Amundi now owns 1,089,290 shares of the company's stock worth $141,945,000 after acquiring an additional 39,302 shares during the last quarter. Wealthfront Advisers LLC raised its position in shares of Live Nation Entertainment by 595.3% in the 4th quarter. Wealthfront Advisers LLC now owns 39,688 shares of the company's stock valued at $5,140,000 after purchasing an additional 33,980 shares in the last quarter. Atria Wealth Solutions Inc. purchased a new position in shares of Live Nation Entertainment during the 4th quarter valued at approximately $226,000. Aviva PLC grew its position in shares of Live Nation Entertainment by 1,524.1% during the fourth quarter. Aviva PLC now owns 97,057 shares of the company's stock worth $12,569,000 after buying an additional 91,081 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Live Nation Entertainment by 5.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,019,988 shares of the company's stock worth $132,088,000 after buying an additional 48,949 shares during the last quarter. Institutional investors and hedge funds own 74.52% of the company's stock.

Live Nation Entertainment Stock Performance

LYV stock traded up $0.23 during trading on Friday, reaching $132.95. 1,277,513 shares of the company's stock were exchanged, compared to its average volume of 2,242,644. The firm has a market cap of $31.03 billion, a PE ratio of 48.88, a P/E/G ratio of 1.81 and a beta of 1.31. The company has a quick ratio of 1.01, a current 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. The company's fifty day moving average price is $130.21 and its 200-day moving average price is $131.62.

Live Nation Entertainment (NYSE:LYV - Get Free Report) last released its quarterly earnings results on Thursday, February 27th. The company reported $0.56 EPS for the quarter, topping analysts' consensus estimates of ($0.93) by $1.49. The company had revenue of $5.68 billion for the quarter, compared to the consensus estimate of $5.67 billion. Live Nation Entertainment had a net margin of 3.90% and a return on equity of 139.09%. On average, research analysts expect that Live Nation Entertainment, Inc. will post 2.38 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently weighed in on LYV. The Goldman Sachs Group boosted their target price on shares of Live Nation Entertainment from $148.00 to $166.00 and gave the stock a "buy" rating in a research report on Thursday, February 13th. Roth Mkm boosted their price objective on Live Nation Entertainment from $152.00 to $174.00 and gave the company a "buy" rating in a report on Friday, February 21st. Rosenblatt Securities reaffirmed a "buy" rating and set a $174.00 target price on shares of Live Nation Entertainment in a report on Tuesday, April 1st. Bank of America boosted their price target on Live Nation Entertainment from $149.00 to $175.00 and gave the company a "buy" rating in a report on Monday, February 24th. Finally, Benchmark reaffirmed a "buy" rating and issued a $178.00 price objective on shares of Live Nation Entertainment in a report on Tuesday, April 1st. Two 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 $160.33.

Insider Activity

In related news, EVP Michael Rowles sold 63,136 shares of Live Nation Entertainment stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $155.40, for a total transaction of $9,811,334.40. Following the transaction, the executive vice president now directly owns 195,346 shares of the company's stock, valued at $30,356,768.40. The trade was a 24.43 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Brian Capo sold 5,066 shares of the company's stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $123.24, for a total transaction of $624,333.84. Following the completion of the sale, the chief accounting officer now directly owns 10,549 shares of the company's stock, valued at $1,300,058.76. The trade was a 32.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 68,702 shares of company stock worth $10,497,143. 2.72% of the stock is owned by company insiders.

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.