Quantbot Technologies LP acquired a new position in Live Nation Entertainment, Inc. (NYSE:LYV – Free Report) during the third quarter, HoldingsChannel reports. The institutional investor acquired 6,415 shares of the company’s stock, valued at approximately $533,000.
Other hedge funds have also modified their holdings of the company. Providence Capital Advisors LLC lifted its position in Live Nation Entertainment by 6,674.2% in the first quarter. Providence Capital Advisors LLC now owns 2,100 shares of the company’s stock worth $30,000 after buying an additional 2,069 shares during the last quarter. Financial Management Professionals Inc. bought a new stake in shares of Live Nation Entertainment in the 3rd quarter worth about $31,000. Massmutual Trust Co. FSB ADV boosted its stake in shares of Live Nation Entertainment by 67.6% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 347 shares of the company’s stock worth $32,000 after purchasing an additional 140 shares during the period. KB Financial Partners LLC bought a new position in Live Nation Entertainment during the 1st quarter valued at about $41,000. Finally, Webster Bank N. A. bought a new stake in Live Nation Entertainment in the third quarter worth about $42,000. 70.95% of the stock is owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In other Live Nation Entertainment news, CFO Joe Berchtold sold 119,100 shares of Live Nation Entertainment stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $92.91, for a total transaction of $11,065,581.00. Following the completion of the sale, the chief financial officer now owns 442,107 shares of the company’s stock, valued at approximately $41,076,161.37. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.85% of the company’s stock.
Analyst Ratings Changes
Live Nation Entertainment Price Performance
NYSE LYV opened at $87.66 on Thursday. Live Nation Entertainment, Inc. has a 12-month low of $64.25 and a 12-month high of $101.74. The firm’s fifty day simple moving average is $89.57 and its two-hundred day simple moving average is $86.55. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 7.57. The firm has a market capitalization of $20.19 billion, a P/E ratio of 60.04 and a beta of 1.30.
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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