6,089 Shares in Live Nation Entertainment, Inc. $LYV Acquired by WINTON GROUP Ltd

WINTON GROUP Ltd acquired a new stake in Live Nation Entertainment, Inc. (NYSE:LYV) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 6,089 shares of the company’s stock, valued at approximately $1,115,000.

Other institutional investors also recently bought and sold shares of the company. Engineers Gate Manager LP grew its holdings in Live Nation Entertainment by 10,428.3% in the second quarter. Engineers Gate Manager LP now owns 263,524 shares of the company’s stock valued at $48,254,000 after purchasing an additional 261,021 shares during the last quarter. Pinnacle Wealth Management Advisory Group LLC raised its stake in shares of Live Nation Entertainment by 8.8% during the 2nd quarter. Pinnacle Wealth Management Advisory Group LLC now owns 1,590 shares of the company’s stock worth $291,000 after buying an additional 128 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new position in shares of Live Nation Entertainment during the 2nd quarter worth $213,000. Maven Securities LTD purchased a new stake in shares of Live Nation Entertainment in the 2nd quarter worth about $2,283,000. Finally, IFP Advisors Inc grew its stake in Live Nation Entertainment by 81.8% in the 2nd quarter. IFP Advisors Inc now owns 520 shares of the company’s stock valued at $95,000 after acquiring an additional 234 shares during the last quarter. 74.52% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Susquehanna lifted their target price on shares of Live Nation Entertainment from $186.00 to $187.00 and gave the stock a “neutral” rating in a research report on Friday, July 31st. Citigroup raised their price objective on shares of Live Nation Entertainment from $181.00 to $212.00 and gave the stock a “buy” rating in a research note on Monday, August 3rd. Guggenheim lifted their price objective on Live Nation Entertainment from $197.00 to $218.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Sanford C. Bernstein upped their target price on Live Nation Entertainment from $200.00 to $215.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. Finally, Morgan Stanley raised their price target on Live Nation Entertainment from $185.00 to $200.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 10th. Twenty investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $197.19.

Insiders Place Their Bets

In other Live Nation Entertainment news, CAO Brian Capo sold 2,900 shares of the business’s stock in a transaction on Monday, August 24th. The stock was sold at an average price of $184.00, for a total value of $533,600.00. Following the completion of the transaction, the chief accounting officer directly owned 8,655 shares in the company, valued at approximately $1,592,520. The trade was a 25.10% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 2.89% of the company’s stock.

Live Nation Entertainment Price Performance

Live Nation Entertainment stock opened at $170.14 on Monday. The stock has a market capitalization of $40.09 billion, a P/E ratio of -150.57 and a beta of 1.11. Live Nation Entertainment, Inc. has a 12-month low of $125.34 and a 12-month high of $189.24. The company has a debt-to-equity ratio of 8.25, a current ratio of 0.85 and a quick ratio of 0.85. The firm’s 50-day moving average is $180.34 and its two-hundred day moving average is $169.15.

Live Nation Entertainment (NYSE:LYV) last posted its quarterly earnings data on Thursday, July 30th. The company reported $1.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.66 by $0.39. Live Nation Entertainment had a net margin of 0.34% and a return on equity of 54.61%. The business had revenue of $7.67 billion during the quarter, compared to analyst estimates of $7.56 billion. During the same quarter in the previous year, the business posted $0.41 earnings per share. The company’s revenue was up 9.4% on a year-over-year basis. Equities analysts predict that Live Nation Entertainment, Inc. will post 1.12 earnings per share for the current year.

Live Nation Entertainment Profile

Live Nation Entertainment, Inc is a global live entertainment company that produces, promotes and operates concerts, music festivals and other live events. Through its concert promotion business, the company works with artists and venues to organize events across a broad range of music genres.

The company also operates Ticketmaster, a ticketing platform that provides ticket sales, distribution and related technology for concerts, sports and other events. In addition, Live Nation manages and operates entertainment venues and provides sponsorship and advertising services that connect brands with live audiences.

Live Nation was formed in 2005 through the combination of Clear Channel Entertainment’s live entertainment business and Live Nation.