Live Nation Entertainment, Inc. (LYV) Holdings Cut by Dimensional Fund Advisors LP

Share on StockTwits

Dimensional Fund Advisors LP cut its holdings in shares of Live Nation Entertainment, Inc. (NYSE:LYV) by 1.6% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,317,783 shares of the company’s stock after selling 22,079 shares during the period. Dimensional Fund Advisors LP owned 0.63% of Live Nation Entertainment worth $64,007,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in LYV. Point72 Asia Hong Kong Ltd acquired a new stake in Live Nation Entertainment during the 1st quarter worth approximately $194,000. TLP Group LLC acquired a new stake in Live Nation Entertainment during the 1st quarter worth approximately $201,000. Pinnacle Associates Ltd. acquired a new stake in Live Nation Entertainment during the 2nd quarter worth approximately $205,000. Santa Monica Partners LP acquired a new stake in Live Nation Entertainment during the 2nd quarter worth approximately $228,000. Finally, RMB Capital Management LLC bought a new position in shares of Live Nation Entertainment during the 1st quarter worth approximately $230,000. Institutional investors own 69.81% of the company’s stock.

In other news, President Joe Berchtold sold 40,000 shares of Live Nation Entertainment stock in a transaction on Thursday, August 9th. The stock was sold at an average price of $49.48, for a total transaction of $1,979,200.00. Following the completion of the sale, the president now owns 148,409 shares of the company’s stock, valued at $7,343,277.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Elizabeth Kathleen Willard sold 20,000 shares of Live Nation Entertainment stock in a transaction on Wednesday, August 8th. The stock was sold at an average price of $49.44, for a total value of $988,800.00. Following the sale, the chief financial officer now directly owns 299,338 shares of the company’s stock, valued at approximately $14,799,270.72. The disclosure for this sale can be found here. Insiders have sold a total of 247,000 shares of company stock valued at $12,186,490 in the last ninety days. Insiders own 5.19% of the company’s stock.

Shares of NYSE:LYV traded up $1.92 during midday trading on Friday, hitting $51.42. The stock had a trading volume of 1,308,702 shares, compared to its average volume of 1,530,421. Live Nation Entertainment, Inc. has a 12 month low of $35.94 and a 12 month high of $55.26. The stock has a market capitalization of $11.39 billion, a PE ratio of -107.13 and a beta of 1.01. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.95.

Live Nation Entertainment (NYSE:LYV) last announced its quarterly earnings results on Thursday, July 26th. The company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.05. Live Nation Entertainment had a negative return on equity of 2.49% and a negative net margin of 0.35%. The business had revenue of $2.87 billion during the quarter, compared to the consensus estimate of $2.85 billion. During the same quarter last year, the firm posted $0.29 EPS. The company’s quarterly revenue was up 1.6% on a year-over-year basis. On average, equities analysts predict that Live Nation Entertainment, Inc. will post 0.01 earnings per share for the current fiscal year.

Several equities analysts have recently weighed in on LYV shares. Citigroup raised their price target on shares of Live Nation Entertainment from $45.00 to $56.00 and gave the stock a “buy” rating in a research note on Friday, June 22nd. ValuEngine raised shares of Live Nation Entertainment from a “buy” rating to a “strong-buy” rating in a research note on Thursday, June 28th. Zacks Investment Research cut shares of Live Nation Entertainment from a “hold” rating to a “sell” rating in a research note on Wednesday, July 11th. Guggenheim reaffirmed a “buy” rating and set a $55.00 price target on shares of Live Nation Entertainment in a research note on Friday, July 13th. Finally, Northcoast Research cut shares of Live Nation Entertainment from a “buy” rating to a “neutral” rating in a research note on Tuesday, July 17th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. Live Nation Entertainment currently has an average rating of “Buy” and an average price target of $55.21.

About Live Nation Entertainment

Live Nation Entertainment, Inc operates as a live entertainment company. It operates through Concerts, Sponsorship & Advertising, and Ticketing segments. The Concerts segment promotes live music events in its owned and/or operated venues, and in rented third-party venues; operates and manages music venues; and produces music festivals and creates associated content.

Featured Story: Fundamental Analysis

Institutional Ownership by Quarter for Live Nation Entertainment (NYSE:LYV)

Receive News & Ratings for Live Nation Entertainment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Live Nation Entertainment and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply