Metis Global Partners LLC Has $555,000 Holdings in Live Nation Entertainment, Inc. (NYSE:LYV)

Metis Global Partners LLC grew its holdings in shares of Live Nation Entertainment, Inc. (NYSE:LYV) by 7.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,073 shares of the company’s stock after acquiring an additional 350 shares during the quarter. Metis Global Partners LLC’s holdings in Live Nation Entertainment were worth $555,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Frank Rimerman Advisors LLC acquired a new stake in Live Nation Entertainment in the second quarter valued at approximately $748,000. CANADA LIFE ASSURANCE Co boosted its stake in shares of Live Nation Entertainment by 22.6% during the first quarter. CANADA LIFE ASSURANCE Co now owns 102,709 shares of the company’s stock valued at $10,873,000 after purchasing an additional 18,931 shares in the last quarter. Select Equity Group L.P. grew its holdings in shares of Live Nation Entertainment by 12.3% during the second quarter. Select Equity Group L.P. now owns 12,940,613 shares of the company’s stock worth $1,213,053,000 after purchasing an additional 1,415,173 shares during the last quarter. Davidson Kempner Capital Management LP acquired a new position in shares of Live Nation Entertainment in the second quarter valued at approximately $3,985,000. Finally, Czech National Bank boosted its position in Live Nation Entertainment by 17.5% during the 3rd quarter. Czech National Bank now owns 31,904 shares of the company’s stock worth $3,493,000 after buying an additional 4,761 shares during the period. Institutional investors own 74.52% of the company’s stock.

Insider Buying and Selling

In related news, CFO Joe Berchtold sold 29,310 shares of the company’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $97.50, for a total transaction of $2,857,725.00. Following the completion of the sale, the chief financial officer now owns 566,722 shares in the company, valued at approximately $55,255,395. This represents a 4.92 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Michael Rapino sold 98,849 shares of the firm’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $97.50, for a total value of $9,637,777.50. Following the transaction, the chief executive officer now owns 3,702,115 shares in the company, valued at approximately $360,956,212.50. This trade represents a 2.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 168,799 shares of company stock worth $16,449,718 in the last quarter. Insiders own 2.72% of the company’s stock.

Live Nation Entertainment Stock Up 2.8 %

Shares of NYSE:LYV opened at $132.60 on Tuesday. The company has a debt-to-equity ratio of 6.10, a quick ratio of 0.92 and a current ratio of 1.01. Live Nation Entertainment, Inc. has a 52-week low of $81.38 and a 52-week high of $132.74. The business’s 50 day simple moving average is $113.54 and its two-hundred day simple moving average is $101.09. The firm has a market cap of $30.81 billion, a P/E ratio of 141.06, a PEG ratio of 3.49 and a beta of 1.33.

Live Nation Entertainment (NYSE:LYV) last posted its quarterly earnings results on Monday, November 11th. The company reported $1.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.58 by $0.08. Live Nation Entertainment had a net margin of 2.11% and a return on equity of 77.62%. The business had revenue of $7.65 billion during the quarter, compared to the consensus estimate of $7.75 billion. During the same quarter last year, the firm posted $1.78 EPS. Live Nation Entertainment’s revenue was down 6.2% compared to the same quarter last year. As a group, research analysts forecast that Live Nation Entertainment, Inc. will post 1.08 EPS for the current fiscal year.

Analyst Ratings Changes

LYV has been the subject of several analyst reports. Guggenheim raised their price target on shares of Live Nation Entertainment from $130.00 to $146.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Deutsche Bank Aktiengesellschaft raised their target price on Live Nation Entertainment from $122.00 to $130.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Roth Mkm upped their price target on Live Nation Entertainment from $120.00 to $132.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $123.00 price objective on shares of Live Nation Entertainment in a research note on Thursday, August 15th. Finally, Benchmark increased their target price on shares of Live Nation Entertainment from $132.00 to $144.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat, Live Nation Entertainment presently has an average rating of “Moderate Buy” and an average price target of $138.57.

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.