Live Nation Entertainment, Inc. (LYV) Stake Lifted by Mason Street Advisors LLC

Mason Street Advisors LLC grew its position in shares of Live Nation Entertainment, Inc. (NYSE:LYV) by 1.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 73,544 shares of the company’s stock after purchasing an additional 1,102 shares during the period. Mason Street Advisors LLC’s holdings in Live Nation Entertainment were worth $4,673,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Scout Investments Inc. grew its position in shares of Live Nation Entertainment by 179.1% during the 1st quarter. Scout Investments Inc. now owns 218,435 shares of the company’s stock valued at $13,879,000 after purchasing an additional 140,170 shares in the last quarter. Macquarie Group Ltd. purchased a new position in Live Nation Entertainment in the fourth quarter worth $217,000. Bank of Montreal Can grew its position in Live Nation Entertainment by 137.7% in the fourth quarter. Bank of Montreal Can now owns 99,553 shares of the company’s stock worth $4,904,000 after acquiring an additional 57,678 shares in the last quarter. Mizuho Securities USA LLC purchased a new position in Live Nation Entertainment in the fourth quarter worth $685,000. Finally, Exane Derivatives purchased a new position in Live Nation Entertainment in the fourth quarter worth $32,000. Hedge funds and other institutional investors own 69.97% of the company’s stock.

NYSE LYV opened at $63.63 on Friday. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 3.05. Live Nation Entertainment, Inc. has a 12-month low of $42.61 and a 12-month high of $67.00. The stock has a market cap of $13.47 billion, a price-to-earnings ratio of -707.00 and a beta of 1.14.

Live Nation Entertainment (NYSE:LYV) last posted its quarterly earnings results on Thursday, May 2nd. The company reported ($0.31) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.34) by $0.03. Live Nation Entertainment had a net margin of 0.22% and a return on equity of 1.77%. The business had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.59 billion. During the same period in the prior year, the business posted ($0.24) earnings per share. The company’s revenue was up 16.6% on a year-over-year basis. Sell-side analysts predict that Live Nation Entertainment, Inc. will post 0.27 earnings per share for the current fiscal year.

In other Live Nation Entertainment news, Director Ariel Emanuel sold 7,790 shares of the company’s stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $64.25, for a total transaction of $500,507.50. Following the completion of the sale, the director now directly owns 71,394 shares in the company, valued at $4,587,064.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 5.19% of the company’s stock.

LYV has been the subject of several research reports. Zacks Investment Research upgraded shares of Live Nation Entertainment from a “hold” rating to a “strong-buy” rating and set a $63.00 target price for the company in a research report on Thursday, February 14th. Citigroup lowered shares of Live Nation Entertainment from a “buy” rating to a “neutral” rating and upped their target price for the stock from $59.00 to $63.00 in a research report on Friday, March 15th. They noted that the move was a valuation call. ValuEngine lowered shares of Live Nation Entertainment from a “strong-buy” rating to a “buy” rating in a research report on Monday, April 1st. Stephens upped their target price on shares of Live Nation Entertainment to $70.00 and gave the stock an “overweight” rating in a research report on Friday, March 29th. Finally, Berenberg Bank initiated coverage on shares of Live Nation Entertainment in a research report on Tuesday. They issued a “buy” rating and a $73.00 target price for the company. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $62.00.

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Live Nation Entertainment Company Profile

Live Nation Entertainment, Inc operates as a live entertainment company. It operates through Concerts, Sponsorship & Advertising, and Ticketing 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; and produces music festivals and creates associated content.

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Institutional Ownership by Quarter for Live Nation Entertainment (NYSE:LYV)

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