Live Nation Entertainment, Inc. $LYV Shares Sold by Schroder Investment Management Group

Schroder Investment Management Group lowered its stake in shares of Live Nation Entertainment, Inc. (NYSE:LYV) by 9.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 294,948 shares of the company’s stock after selling 30,100 shares during the quarter. Schroder Investment Management Group’s holdings in Live Nation Entertainment were worth $48,195,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Principal Financial Group Inc. lifted its position in Live Nation Entertainment by 22.1% in the third quarter. Principal Financial Group Inc. now owns 9,725,776 shares of the company’s stock valued at $1,589,196,000 after acquiring an additional 1,763,511 shares during the last quarter. Norges Bank acquired a new stake in shares of Live Nation Entertainment during the second quarter worth about $198,336,000. Vanguard Group Inc. boosted its position in shares of Live Nation Entertainment by 2.1% in the 2nd quarter. Vanguard Group Inc. now owns 20,306,413 shares of the company’s stock valued at $3,071,954,000 after purchasing an additional 423,541 shares during the period. Holocene Advisors LP purchased a new position in Live Nation Entertainment during the 2nd quarter worth approximately $54,126,000. Finally, Westfield Capital Management Co. LP increased its position in Live Nation Entertainment by 110.2% during the second quarter. Westfield Capital Management Co. LP now owns 677,730 shares of the company’s stock worth $102,527,000 after buying an additional 355,279 shares during the period. 74.52% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

LYV has been the topic of a number of recent research reports. Jefferies Financial Group reaffirmed a “hold” rating on shares of Live Nation Entertainment in a report on Monday. Morgan Stanley reissued an “overweight” rating and set a $185.00 price objective on shares of Live Nation Entertainment in a research report on Friday, February 20th. Evercore reaffirmed an “outperform” rating and issued a $198.00 target price on shares of Live Nation Entertainment in a report on Friday, February 20th. Roth Mkm reissued a “buy” rating and set a $190.00 price target on shares of Live Nation Entertainment in a report on Friday, February 20th. Finally, JPMorgan Chase & Co. upped their price objective on Live Nation Entertainment from $170.00 to $180.00 and gave the company an “overweight” rating in a research note on Friday, February 20th. One research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $183.65.

Live Nation Entertainment Price Performance

Shares of LYV opened at $165.47 on Wednesday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 8.51. The stock’s 50 day moving average is $150.37 and its two-hundred day moving average is $150.33. Live Nation Entertainment, Inc. has a twelve month low of $112.88 and a twelve month high of $175.25. The firm has a market capitalization of $38.85 billion, a PE ratio of -689.45 and a beta of 1.11.

Live Nation Entertainment (NYSE:LYV) last posted its quarterly earnings results on Thursday, February 19th. The company reported ($1.06) EPS for the quarter, missing the consensus estimate of ($1.00) by ($0.06). Live Nation Entertainment had a net margin of 1.79% and a return on equity of 48.11%. The business had revenue of $6.31 billion during the quarter, compared to analyst estimates of $6.12 billion. During the same period in the prior year, the business earned $0.58 earnings per share. The firm’s quarterly revenue was up 11.1% compared to the same quarter last year. Research analysts anticipate that Live Nation Entertainment, Inc. will post 2.38 earnings per share for the current year.

Live Nation Entertainment Profile

Live Nation Entertainment is a global live entertainment company that promotes, operates and sells tickets for live events. The company’s core activities include concert promotion and production, venue operations and management, ticketing services through its Ticketmaster platform, artist management and development, and sponsorship and advertising services tied to live events. These integrated businesses are designed to connect artists, fans and commercial partners across the live event ecosystem.

The company in its current form was created following the 2010 merger of Live Nation and Ticketmaster, combining a promoter and venue operator with one of the industry’s largest ticketing platforms.