Swiss National Bank Has $22.66 Million Stake in Live Nation Entertainment, Inc. (LYV)

Swiss National Bank increased its position in Live Nation Entertainment, Inc. (NYSE:LYV) by 138.2% during the fourth quarter, HoldingsChannel.com reports. The fund owned 532,400 shares of the company’s stock after acquiring an additional 308,900 shares during the quarter. Swiss National Bank’s holdings in Live Nation Entertainment were worth $22,664,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Teacher Retirement System of Texas grew its holdings in shares of Live Nation Entertainment by 259.3% in the 4th quarter. Teacher Retirement System of Texas now owns 39,601 shares of the company’s stock worth $1,686,000 after acquiring an additional 28,578 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. purchased a new position in shares of Live Nation Entertainment in the 4th quarter worth $832,000. Cadence Capital Management LLC purchased a new position in shares of Live Nation Entertainment in the 4th quarter worth $1,258,000. Boston Financial Mangement LLC raised its position in shares of Live Nation Entertainment by 1.4% in the 4th quarter. Boston Financial Mangement LLC now owns 327,961 shares of the company’s stock worth $13,961,000 after buying an additional 4,446 shares during the period. Finally, Crossmark Global Holdings Inc. raised its position in shares of Live Nation Entertainment by 41.4% in the 4th quarter. Crossmark Global Holdings Inc. now owns 19,084 shares of the company’s stock worth $812,000 after buying an additional 5,586 shares during the period. Institutional investors and hedge funds own 69.32% of the company’s stock.

Live Nation Entertainment, Inc. (NYSE:LYV) opened at $46.95 on Monday. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.11 and a quick ratio of 1.11. Live Nation Entertainment, Inc. has a 52-week low of $28.00 and a 52-week high of $47.25. The company has a market capitalization of $9,709.25, a PE ratio of 2,348.67 and a beta of 1.01.

In other Live Nation Entertainment news, CEO Michael Rapino sold 70,000 shares of the firm’s stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $42.87, for a total value of $3,000,900.00. Following the transaction, the chief executive officer now directly owns 115,277 shares of the company’s stock, valued at $4,941,924.99. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Joe Berchtold sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $46.55, for a total value of $931,000.00. Following the completion of the transaction, the chief operating officer now directly owns 77,918 shares in the company, valued at $3,627,082.90. The disclosure for this sale can be found here. Insiders sold 600,000 shares of company stock worth $26,681,100 over the last three months. 4.77% of the stock is currently owned by corporate insiders.

LYV has been the topic of several research reports. Macquarie reaffirmed a “buy” rating and issued a $48.00 target price on shares of Live Nation Entertainment in a research report on Sunday, November 5th. Zacks Investment Research raised Live Nation Entertainment from a “hold” rating to a “buy” rating and set a $48.00 target price on the stock in a research report on Tuesday, October 24th. Citigroup lowered Live Nation Entertainment from a “buy” rating to a “neutral” rating in a research report on Saturday, December 30th. Finally, Jefferies Group increased their target price on Live Nation Entertainment from $42.00 to $46.00 and gave the stock a “buy” rating in a research report on Friday, November 3rd. One research analyst has rated the stock with a sell rating, three have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $44.57.

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About Live Nation Entertainment

Live Nation Entertainment, Inc is a live entertainment company. The Company’s businesses consist of the promotion of live events, including ticketing, sponsorship and advertising. Its segments include Concerts, Sponsorship & Advertising, Ticketing and Artist Nation. The Concerts segment is engaged in promotion of live music events in its owned or operated venues and in rented third-party venues; operation and management of music venues; production of music festivals, and creation of associated content.

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

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Swiss National Bank Has $22.66 Million Stake in Live Nation Entertainment, Inc. (LYV)

Swiss National Bank raised its holdings in shares of Live Nation Entertainment, Inc. (NYSE:LYV) by 138.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 532,400 shares of the company’s stock after acquiring an additional 308,900 shares during the quarter. Swiss National Bank owned approximately 0.26% of Live Nation Entertainment worth $22,664,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in the company. Public Employees Retirement System of Ohio boosted its position in shares of Live Nation Entertainment by 0.7% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 189,610 shares of the company’s stock worth $6,608,000 after acquiring an additional 1,367 shares in the last quarter. IFP Advisors Inc lifted its holdings in shares of Live Nation Entertainment by 85.4% in the 4th quarter. IFP Advisors Inc now owns 3,088 shares of the company’s stock valued at $131,000 after purchasing an additional 1,422 shares during the last quarter. State Board of Administration of Florida Retirement System lifted its holdings in shares of Live Nation Entertainment by 1.0% in the 3rd quarter. State Board of Administration of Florida Retirement System now owns 161,708 shares of the company’s stock valued at $7,042,000 after purchasing an additional 1,560 shares during the last quarter. Mutual of America Capital Management LLC lifted its holdings in shares of Live Nation Entertainment by 2.4% in the 3rd quarter. Mutual of America Capital Management LLC now owns 110,656 shares of the company’s stock valued at $4,819,000 after purchasing an additional 2,589 shares during the last quarter. Finally, BNP Paribas Arbitrage SA lifted its holdings in shares of Live Nation Entertainment by 5.4% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 56,512 shares of the company’s stock valued at $2,461,000 after purchasing an additional 2,882 shares during the last quarter. 69.32% of the stock is owned by institutional investors and hedge funds.

LYV has been the subject of several research reports. Zacks Investment Research raised Live Nation Entertainment from a “hold” rating to a “buy” rating and set a $48.00 target price for the company in a report on Tuesday, October 24th. Jefferies Group boosted their target price on Live Nation Entertainment from $42.00 to $46.00 and gave the company a “buy” rating in a report on Friday, November 3rd. Macquarie reissued a “buy” rating and issued a $48.00 target price on shares of Live Nation Entertainment in a report on Sunday, November 5th. Finally, Citigroup downgraded Live Nation Entertainment from a “buy” rating to a “neutral” rating and set a $47.00 target price for the company. in a report on Friday, December 22nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $44.57.

In other news, COO Joe Berchtold sold 20,000 shares of the stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $43.08, for a total transaction of $861,600.00. Following the completion of the transaction, the chief operating officer now directly owns 97,918 shares of the company’s stock, valued at approximately $4,218,307.44. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Michael Rapino sold 210,000 shares of the stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $45.59, for a total value of $9,573,900.00. Following the transaction, the chief executive officer now directly owns 115,277 shares of the company’s stock, valued at $5,255,478.43. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 600,000 shares of company stock valued at $26,681,100. 4.77% of the stock is owned by company insiders.

Shares of Live Nation Entertainment, Inc. (NYSE:LYV) opened at $46.95 on Monday. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.11 and a current ratio of 1.11. The company has a market capitalization of $9,709.25, a P/E ratio of 2,348.67 and a beta of 1.01. Live Nation Entertainment, Inc. has a one year low of $28.00 and a one year high of $47.25.

ILLEGAL ACTIVITY NOTICE: “Swiss National Bank Has $22.66 Million Stake in Live Nation Entertainment, Inc. (LYV)” was originally reported by The Lincolnian Online and is owned by of The Lincolnian Online. If you are viewing this piece of content on another publication, it was illegally stolen and republished in violation of international trademark and copyright legislation. The correct version of this piece of content can be accessed at https://www.thelincolnianonline.com/2018/02/19/swiss-national-bank-has-22-66-million-stake-in-live-nation-entertainment-inc-lyv.html.

About Live Nation Entertainment

Live Nation Entertainment, Inc is a live entertainment company. The Company’s businesses consist of the promotion of live events, including ticketing, sponsorship and advertising. Its segments include Concerts, Sponsorship & Advertising, Ticketing and Artist Nation. The Concerts segment is engaged in promotion of live music events in its owned or operated venues and in rented third-party venues; operation and management of music venues; production of music festivals, and creation of associated content.

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

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