SG Americas Securities LLC Sells 8,334 Shares of Live Nation Entertainment, Inc. (NYSE:LYV)

SG Americas Securities LLC decreased its position in shares of Live Nation Entertainment, Inc. (NYSE:LYV - Free Report) by 44.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,212 shares of the company's stock after selling 8,334 shares during the quarter. SG Americas Securities LLC's holdings in Live Nation Entertainment were worth $1,333,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Canada Pension Plan Investment Board increased its holdings in shares of Live Nation Entertainment by 0.5% during the fourth quarter. Canada Pension Plan Investment Board now owns 8,650,015 shares of the company's stock valued at $1,120,177,000 after acquiring an additional 44,703 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of Live Nation Entertainment by 1.5% during the fourth quarter. Principal Financial Group Inc. now owns 7,302,199 shares of the company's stock valued at $945,635,000 after acquiring an additional 105,648 shares in the last quarter. Independent Franchise Partners LLP increased its holdings in shares of Live Nation Entertainment by 207.6% during the fourth quarter. Independent Franchise Partners LLP now owns 4,693,986 shares of the company's stock valued at $607,871,000 after acquiring an additional 3,168,210 shares in the last quarter. Geode Capital Management LLC grew its holdings in Live Nation Entertainment by 2.9% during the fourth quarter. Geode Capital Management LLC now owns 3,871,850 shares of the company's stock worth $500,107,000 after buying an additional 108,293 shares in the last quarter. Finally, Jericho Capital Asset Management L.P. grew its holdings in Live Nation Entertainment by 32.0% during the fourth quarter. Jericho Capital Asset Management L.P. now owns 3,208,082 shares of the company's stock worth $415,447,000 after buying an additional 777,105 shares in the last quarter. Institutional investors own 74.52% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on LYV shares. Susquehanna set a $165.00 price target on Live Nation Entertainment and gave the stock a "positive" rating in a report on Tuesday, June 10th. Benchmark reiterated a "buy" rating and set a $178.00 price target on shares of Live Nation Entertainment in a report on Tuesday, April 1st. Macquarie upped their price target on Live Nation Entertainment from $146.00 to $165.00 and gave the stock an "outperform" rating in a report on Thursday, March 6th. Roth Mkm decreased their price target on Live Nation Entertainment from $174.00 to $164.00 and set a "buy" rating for the company in a report on Friday, May 2nd. Finally, Wolfe Research upped their price target on Live Nation Entertainment from $160.00 to $168.00 and gave the stock an "outperform" rating in a report on Tuesday, June 10th. One analyst has rated the stock with a hold rating and seventeen have assigned 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 a consensus price target of $164.35.

Live Nation Entertainment Stock Up 3.0%

Shares of NYSE LYV opened at $142.29 on Tuesday. Live Nation Entertainment, Inc. has a one year low of $87.33 and a one year high of $157.75. The company has a debt-to-equity ratio of 6.10, a current ratio of 1.01 and a quick ratio of 1.01. The business's fifty day moving average price is $137.09 and its 200-day moving average price is $135.80. The stock has a market capitalization of $32.98 billion, a PE ratio of 52.31, a P/E/G ratio of 1.81 and a beta of 1.44.

Live Nation Entertainment (NYSE:LYV - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The company reported ($0.32) EPS 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 firm had revenue of $3.38 billion for the quarter, compared to analysts' expectations of $3.63 billion. During the same period in the prior year, the company earned $0.60 EPS. The firm's quarterly revenue was down 11.0% on a year-over-year basis. On average, equities research analysts anticipate that Live Nation Entertainment, Inc. will post 2.38 EPS for the current year.

Insider Buying and Selling

In related news, EVP John Hopmans sold 34,808 shares of the stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $147.38, for a total transaction of $5,130,003.04. Following the sale, the executive vice president now owns 189,456 shares of the company's stock, valued at approximately $27,922,025.28. This represents a 15.52% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 3.01% of the stock is currently owned by insiders.

About Live Nation Entertainment

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.

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