MUFG Securities EMEA plc Raises Position in Live Nation Entertainment, Inc. $LYV

MUFG Securities EMEA plc raised its holdings in Live Nation Entertainment, Inc. (NYSE:LYV) by 114.4% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,473 shares of the company’s stock after buying an additional 3,454 shares during the period. MUFG Securities EMEA plc’s holdings in Live Nation Entertainment were worth $922,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Ameriflex Group Inc. lifted its position in shares of Live Nation Entertainment by 102.4% during the 3rd quarter. Ameriflex Group Inc. now owns 166 shares of the company’s stock worth $27,000 after purchasing an additional 84 shares during the last quarter. Leonteq Securities AG purchased a new stake in shares of Live Nation Entertainment during the 4th quarter worth $25,000. Nvest Wealth Strategies Inc. purchased a new stake in shares of Live Nation Entertainment during the 4th quarter worth $26,000. Elyxium Wealth LLC purchased a new stake in shares of Live Nation Entertainment during the 4th quarter worth $30,000. Finally, KERR FINANCIAL PLANNING Corp purchased a new stake in shares of Live Nation Entertainment during the 3rd quarter worth $41,000. 74.52% of the stock is owned by hedge funds and other institutional investors.

Live Nation Entertainment Price Performance

Shares of NYSE:LYV opened at $167.72 on Wednesday. The company’s fifty day moving average price is $159.97 and its 200 day moving average price is $150.84. Live Nation Entertainment, Inc. has a 12 month low of $125.34 and a 12 month high of $175.25. The company has a debt-to-equity ratio of 13.93, a current ratio of 0.88 and a quick ratio of 0.88. The firm has a market capitalization of $39.51 billion, a P/E ratio of -94.76 and a beta of 1.12.

Live Nation Entertainment (NYSE:LYV) last announced its quarterly earnings results on Tuesday, May 5th. The company reported ($1.85) EPS for the quarter, missing the consensus estimate of ($0.35) by ($1.50). Live Nation Entertainment had a return on equity of 45.92% and a net margin of 0.15%.The company had revenue of $3.79 billion for the quarter, compared to analyst estimates of $3.57 billion. During the same quarter in the prior year, the business earned ($0.32) earnings per share. Live Nation Entertainment’s revenue was up 12.1% compared to the same quarter last year. As a group, sell-side analysts predict that Live Nation Entertainment, Inc. will post 1.13 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on LYV shares. UBS Group lifted their price objective on shares of Live Nation Entertainment from $164.00 to $181.00 and gave the stock a “buy” rating in a research report on Friday, February 20th. Jefferies Financial Group reaffirmed a “hold” rating on shares of Live Nation Entertainment in a research report on Monday, March 9th. Morgan Stanley reaffirmed an “overweight” rating and set a $185.00 price objective on shares of Live Nation Entertainment in a research report on Friday, February 20th. Wells Fargo & Company decreased their price objective on shares of Live Nation Entertainment from $203.00 to $199.00 and set an “overweight” rating for the company in a research report on Wednesday, May 6th. Finally, TD Cowen reiterated a “buy” rating on shares of Live Nation Entertainment in a research note on Monday, February 23rd. Twenty research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $187.75.

Insider Buying and Selling at Live Nation Entertainment

In other Live Nation Entertainment news, EVP Michael Rowles sold 63,776 shares of Live Nation Entertainment stock in a transaction on Friday, May 8th. The shares were sold at an average price of $164.24, for a total value of $10,474,570.24. Following the transaction, the executive vice president directly owned 204,716 shares in the company, valued at approximately $33,622,555.84. The trade was a 23.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP John Hopmans sold 93,078 shares of Live Nation Entertainment stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $166.07, for a total transaction of $15,457,463.46. Following the completion of the transaction, the executive vice president owned 188,751 shares in the company, valued at approximately $31,345,878.57. This represents a 33.03% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 157,798 shares of company stock worth $26,088,615. 2.89% of the stock is owned by company insiders.

Live Nation Entertainment Company 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.