UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Lowers Stock Holdings in Live Nation Entertainment, Inc. (NYSE:LYV)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its holdings in Live Nation Entertainment, Inc. (NYSE:LYV - Free Report) by 0.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 1,074,891 shares of the company's stock after selling 4,173 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.46% of Live Nation Entertainment worth $139,198,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Voloridge Investment Management LLC purchased a new position in Live Nation Entertainment during the 4th quarter worth approximately $88,394,000. Woodline Partners LP purchased a new position in Live Nation Entertainment during the 4th quarter worth approximately $7,249,000. ValueAct Holdings L.P. grew its stake in Live Nation Entertainment by 4.6% during the 4th quarter. ValueAct Holdings L.P. now owns 1,061,466 shares of the company's stock worth $137,460,000 after buying an additional 46,816 shares during the last quarter. Vident Advisory LLC grew its stake in shares of Live Nation Entertainment by 68.0% in the 4th quarter. Vident Advisory LLC now owns 3,199 shares of the company's stock valued at $414,000 after purchasing an additional 1,295 shares during the last quarter. Finally, Twinbeech Capital LP purchased a new position in shares of Live Nation Entertainment in the 4th quarter valued at approximately $18,705,000. Hedge funds and other institutional investors own 74.52% of the company's stock.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Benchmark reiterated a "buy" rating and issued a $178.00 target price on shares of Live Nation Entertainment in a research note on Tuesday, April 1st. JPMorgan Chase & Co. lifted their target price on Live Nation Entertainment from $150.00 to $170.00 and gave the company an "overweight" rating in a research note on Friday, February 21st. Susquehanna assumed coverage on Live Nation Entertainment in a research note on Monday, April 28th. They issued a "positive" rating and a $155.00 target price on the stock. Rosenblatt Securities lowered their target price on Live Nation Entertainment from $174.00 to $170.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. Finally, Bank of America lifted their target price on Live Nation Entertainment from $149.00 to $175.00 and gave the company a "buy" rating in a research note on Monday, February 24th. Two research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company's stock. According to MarketBeat, Live Nation Entertainment presently has a consensus rating of "Moderate Buy" and a consensus target price of $162.07.

Insider Transactions at Live Nation Entertainment

In related news, EVP John Hopmans sold 34,808 shares of Live Nation Entertainment 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 completion of the sale, the executive vice president now owns 189,456 shares in the company, valued at approximately $27,922,025.28. This trade represents a 15.52% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Brian Capo sold 5,066 shares of Live Nation Entertainment stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $123.24, for a total value of $624,333.84. Following the sale, the chief accounting officer now owns 10,549 shares of the company's stock, valued at approximately $1,300,058.76. This represents a 32.44% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 40,374 shares of company stock valued at $5,815,812 in the last ninety days. Corporate insiders own 3.01% of the company's stock.

Live Nation Entertainment Price Performance

LYV stock traded down $1.94 during midday trading on Tuesday, hitting $143.07. 1,792,991 shares of the stock were exchanged, compared to its average volume of 2,220,458. The stock's 50-day moving average price is $132.45 and its 200-day moving average price is $135.14. The stock has a market cap of $33.16 billion, a price-to-earnings ratio of 52.60, a PEG ratio of 1.81 and a beta of 1.47. Live Nation Entertainment, Inc. has a fifty-two week low of $86.81 and a fifty-two week high of $157.75. The company has a debt-to-equity ratio of 6.10, a quick ratio of 1.01 and a current ratio of 1.01.

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

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.