3,882 Shares in Live Nation Entertainment, Inc. $LYV Acquired by Osmosis Investment Management UK Ltd

Osmosis Investment Management UK Ltd acquired a new stake in shares of Live Nation Entertainment, Inc. (NYSE:LYV) in the second quarter, Holdings Channel reports. The firm acquired 3,882 shares of the company’s stock, valued at approximately $711,000.

A number of other institutional investors have also recently modified their holdings of LYV. Principal Financial Group Inc. raised its position in shares of Live Nation Entertainment by 3.4% in the 1st quarter. Principal Financial Group Inc. now owns 11,095,305 shares of the company’s stock worth $1,692,151,000 after purchasing an additional 367,624 shares during the last quarter. Independent Franchise Partners LLP grew its position in Live Nation Entertainment by 3.5% during the 4th quarter. Independent Franchise Partners LLP now owns 5,733,718 shares of the company’s stock valued at $817,055,000 after purchasing an additional 193,104 shares during the last quarter. Geode Capital Management LLC increased its stake in Live Nation Entertainment by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 4,301,900 shares of the company’s stock valued at $610,707,000 after purchasing an additional 20,165 shares in the last quarter. Jericho Capital Asset Management L.P. raised its holdings in Live Nation Entertainment by 37.9% in the fourth quarter. Jericho Capital Asset Management L.P. now owns 3,996,512 shares of the company’s stock worth $569,503,000 after buying an additional 1,099,350 shares during the last quarter. Finally, Cantillon Capital Management LLC lifted its stake in shares of Live Nation Entertainment by 0.8% in the fourth quarter. Cantillon Capital Management LLC now owns 2,797,205 shares of the company’s stock worth $398,602,000 after buying an additional 21,246 shares in the last quarter. 74.52% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Morgan Stanley increased their price target on shares of Live Nation Entertainment from $185.00 to $200.00 and gave the company an “overweight” rating in a report on Wednesday, June 10th. Zacks Research raised Live Nation Entertainment from a “strong sell” rating to a “hold” rating in a research report on Monday, August 17th. Benchmark increased their target price on Live Nation Entertainment from $190.00 to $215.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $205.00 target price on shares of Live Nation Entertainment in a report on Friday, July 31st. Finally, Guggenheim upped their price target on Live Nation Entertainment from $197.00 to $218.00 and gave the company a “buy” rating in a report on Friday, July 31st. Twenty research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $197.19.

Insider Activity

In related news, CAO Brian Capo sold 2,900 shares of Live Nation Entertainment stock in a transaction on Monday, August 24th. The stock was sold at an average price of $184.00, for a total value of $533,600.00. Following the completion of the sale, the chief accounting officer owned 8,655 shares of the company’s stock, valued at $1,592,520. The trade was a 25.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 2.89% of the stock is currently owned by company insiders.

Live Nation Entertainment Stock Up 1.0%

Shares of Live Nation Entertainment stock opened at $186.48 on Wednesday. The company has a market cap of $43.94 billion, a price-to-earnings ratio of -165.03 and a beta of 1.12. The company’s 50 day moving average is $180.63 and its 200 day moving average is $167.08. Live Nation Entertainment, Inc. has a twelve month low of $125.34 and a twelve month high of $189.24. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 8.25.

Live Nation Entertainment (NYSE:LYV) last posted its earnings results on Thursday, July 30th. The company reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.39. The business had revenue of $7.67 billion during the quarter, compared to the consensus estimate of $7.56 billion. Live Nation Entertainment had a net margin of 0.34% and a return on equity of 54.61%. The firm’s revenue was up 9.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.41 EPS. Research analysts anticipate that Live Nation Entertainment, Inc. will post 1.05 EPS for the current year.

About Live Nation Entertainment

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.