Swiss National Bank trimmed its holdings in Live Nation Entertainment, Inc. (NYSE:LYV – Free Report) by 11.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 517,600 shares of the company’s stock after selling 67,800 shares during the quarter. Swiss National Bank owned about 0.22% of Live Nation Entertainment worth $42,982,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Banque Cantonale Vaudoise increased its stake in Live Nation Entertainment by 14.9% during the 3rd quarter. Banque Cantonale Vaudoise now owns 2,721 shares of the company’s stock worth $226,000 after buying an additional 352 shares during the period. Amalgamated Bank increased its holdings in Live Nation Entertainment by 2.4% during the 3rd quarter. Amalgamated Bank now owns 39,241 shares of the company’s stock valued at $3,259,000 after acquiring an additional 912 shares in the last quarter. Cumberland Partners Ltd purchased a new stake in Live Nation Entertainment in the 3rd quarter valued at approximately $872,000. J.P. Morgan Private Wealth Advisors LLC boosted its stake in shares of Live Nation Entertainment by 1.1% during the third quarter. J.P. Morgan Private Wealth Advisors LLC now owns 13,179 shares of the company’s stock valued at $1,094,000 after acquiring an additional 146 shares during the last quarter. Finally, Quantbot Technologies LP purchased a new position in shares of Live Nation Entertainment during the third quarter valued at approximately $533,000. Institutional investors and hedge funds own 70.95% of the company’s stock.
Insider Transactions at Live Nation Entertainment
In other Live Nation Entertainment news, CFO Joe Berchtold sold 119,100 shares of the stock in a transaction on 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 transaction, the chief financial officer now directly owns 442,107 shares in the company, valued at $41,076,161.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.85% of the company’s stock.
Analyst Upgrades and Downgrades
Live Nation Entertainment Stock Down 1.3 %
Shares of LYV stock opened at $87.66 on Thursday. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 7.57. Live Nation Entertainment, Inc. has a 12 month low of $64.25 and a 12 month high of $101.74. The stock has a 50 day moving average of $89.57 and a 200-day moving average of $86.55. The firm has a market cap of $20.19 billion, a PE 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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