Russell Investments Group Ltd. reduced its holdings in shares of Live Nation Entertainment, Inc. (NYSE:LYV – Free Report) by 4.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 390,556 shares of the company’s stock after selling 17,869 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.17% of Live Nation Entertainment worth $35,577,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in LYV. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in Live Nation Entertainment by 6.6% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 18,075 shares of the company’s stock valued at $2,126,000 after purchasing an additional 1,120 shares during the period. Raymond James Trust N.A. boosted its stake in Live Nation Entertainment by 4.3% in the 1st quarter. Raymond James Trust N.A. now owns 3,139 shares of the company’s stock valued at $369,000 after purchasing an additional 130 shares during the period. Cibc World Market Inc. bought a new stake in Live Nation Entertainment in the 1st quarter valued at $421,000. Vontobel Holding Ltd. boosted its stake in Live Nation Entertainment by 31.0% in the 1st quarter. Vontobel Holding Ltd. now owns 2,362 shares of the company’s stock valued at $279,000 after purchasing an additional 559 shares during the period. Finally, Prudential PLC bought a new stake in Live Nation Entertainment in the 1st quarter valued at $294,000. 70.95% of the stock is currently owned by institutional investors.
Live Nation Entertainment Stock Up 0.6 %
Shares of Live Nation Entertainment stock opened at $89.60 on Friday. Live Nation Entertainment, Inc. has a one year low of $64.25 and a one year high of $101.74. The company has a debt-to-equity ratio of 7.57, a current ratio of 1.14 and a quick ratio of 1.14. The stock’s 50-day moving average is $83.46 and its 200 day moving average is $85.23. The firm has a market cap of $20.64 billion, a price-to-earnings ratio of 61.37 and a beta of 1.31.
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About Live Nation Entertainment
Live Nation Entertainment, Inc operates as a live entertainment company. 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; operates and manages music venues; produces music festivals; creates and streams associated content; and offers management and other services to artists.
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