Natixis Advisors L.P. Has $14.43 Million Stock Position in Live Nation Entertainment, Inc. (NYSE:LYV)

Natixis Advisors L.P. grew its holdings in Live Nation Entertainment, Inc. (NYSE:LYV - Free Report) by 10.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 154,157 shares of the company's stock after buying an additional 14,810 shares during the quarter. Natixis Advisors L.P. owned 0.07% of Live Nation Entertainment worth $14,429,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Canada Pension Plan Investment Board boosted its stake in Live Nation Entertainment by 5.1% during the third quarter. Canada Pension Plan Investment Board now owns 8,801,337 shares of the company's stock worth $730,863,000 after buying an additional 429,650 shares during the last quarter. Principal Financial Group Inc. lifted its stake in shares of Live Nation Entertainment by 0.5% in the 3rd quarter. Principal Financial Group Inc. now owns 7,108,633 shares of the company's stock valued at $590,301,000 after purchasing an additional 33,215 shares during the last quarter. Findlay Park Partners LLP lifted its stake in shares of Live Nation Entertainment by 55.1% in the 3rd quarter. Findlay Park Partners LLP now owns 3,059,485 shares of the company's stock valued at $254,060,000 after purchasing an additional 1,087,264 shares during the last quarter. William Blair Investment Management LLC lifted its stake in shares of Live Nation Entertainment by 5.7% in the 3rd quarter. William Blair Investment Management LLC now owns 2,671,703 shares of the company's stock valued at $221,858,000 after purchasing an additional 144,326 shares during the last quarter. Finally, Jericho Capital Asset Management L.P. lifted its stake in shares of Live Nation Entertainment by 52.8% in the 3rd quarter. Jericho Capital Asset Management L.P. now owns 2,100,000 shares of the company's stock valued at $174,384,000 after purchasing an additional 726,000 shares during the last quarter. 74.52% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Live Nation Entertainment

In other news, Director Jeffrey T. Hinson sold 1,001 shares of the stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $100.50, for a total transaction of $100,600.50. Following the transaction, the director now directly owns 59,374 shares in the company, valued at approximately $5,967,087. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 2.85% of the company's stock.

Live Nation Entertainment Trading Up 0.5 %

Shares of Live Nation Entertainment stock traded up $0.47 during mid-day trading on Tuesday, hitting $96.35. 2,679,566 shares of the stock were exchanged, compared to its average volume of 2,306,534. Live Nation Entertainment, Inc. has a twelve month low of $76.48 and a twelve month high of $107.24. The stock has a market capitalization of $22.30 billion, a price-to-earnings ratio of 91.32, a price-to-earnings-growth ratio of 1.92 and a beta of 1.34. The company has a 50-day simple moving average of $98.67 and a 200 day simple moving average of $91.89. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 10.83.

Live Nation Entertainment (NYSE:LYV - Get Free Report) last released its quarterly earnings results on Thursday, May 2nd. The company reported ($0.53) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.21) by ($0.32). Live Nation Entertainment had a return on equity of 90.67% and a net margin of 2.22%. The firm had revenue of $3.80 billion for the quarter, compared to analyst estimates of $3.26 billion. During the same period in the prior year, the business earned ($0.25) earnings per share. Live Nation Entertainment's revenue for the quarter was up 21.5% on a year-over-year basis. Research analysts forecast that Live Nation Entertainment, Inc. will post 1.63 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on LYV shares. Morgan Stanley increased their target price on Live Nation Entertainment from $110.00 to $120.00 and gave the stock an "overweight" rating in a research note on Friday, February 23rd. Roth Capital upgraded shares of Live Nation Entertainment from a "neutral" rating to a "buy" rating in a report on Thursday, January 11th. Oppenheimer upped their target price on shares of Live Nation Entertainment from $105.00 to $115.00 and gave the company an "outperform" rating in a report on Wednesday, February 21st. Rosenblatt Securities upped their price target on shares of Live Nation Entertainment from $119.00 to $122.00 and gave the company a "buy" rating in a research report on Friday. Finally, TD Cowen restated a "buy" rating and set a $108.00 price objective on shares of Live Nation Entertainment in a research report on Tuesday, April 16th. One investment analyst has rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, Live Nation Entertainment has an average rating of "Moderate Buy" and an average price target of $117.00.

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.