Gulf International Bank UK Ltd Buys Shares of 48,650 Live Nation Entertainment, Inc. (LYV)

Gulf International Bank UK Ltd bought a new stake in Live Nation Entertainment, Inc. (NYSE:LYV) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 48,650 shares of the company’s stock, valued at approximately $2,071,000.

Other large investors have also recently bought and sold shares of the company. Assetmark Inc. acquired a new position in Live Nation Entertainment in the 3rd quarter valued at $134,000. Massey Quick Simon & CO. LLC acquired a new stake in Live Nation Entertainment in the 3rd quarter worth $167,000. Chevy Chase Trust Holdings Inc. acquired a new stake in Live Nation Entertainment in the 3rd quarter worth $209,000. Neuberger Berman Group LLC grew its position in Live Nation Entertainment by 0.8% in the 2nd quarter. Neuberger Berman Group LLC now owns 7,830 shares of the company’s stock worth $273,000 after purchasing an additional 63 shares during the last quarter. Finally, IHT Wealth Management LLC grew its position in Live Nation Entertainment by 58.5% in the 2nd quarter. IHT Wealth Management LLC now owns 2,574 shares of the company’s stock worth $280,000 after purchasing an additional 950 shares during the last quarter. Institutional investors and hedge funds own 68.08% of the company’s stock.

Shares of Live Nation Entertainment, Inc. (NYSE:LYV) opened at $42.07 on Thursday. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 1.39. The stock has a market cap of $9,028.88, a price-to-earnings ratio of 2,104.55 and a beta of 1.06. Live Nation Entertainment, Inc. has a 12-month low of $27.17 and a 12-month high of $46.99.

Live Nation Entertainment (NYSE:LYV) last issued its earnings results on Thursday, November 2nd. The company reported $0.53 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.02). Live Nation Entertainment had a net margin of 0.50% and a return on equity of 3.33%. The business had revenue of $3.56 billion for the quarter, compared to analyst estimates of $3.36 billion. During the same quarter last year, the firm posted $0.49 earnings per share. Live Nation Entertainment’s revenue was up 12.3% on a year-over-year basis. sell-side analysts predict that Live Nation Entertainment, Inc. will post 0.14 earnings per share for the current fiscal year.

In other news, EVP Michael Rowles sold 46,511 shares of Live Nation Entertainment stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $43.35, for a total transaction of $2,016,251.85. Following the sale, the executive vice president now directly owns 192,054 shares in the company, valued at approximately $8,325,540.90. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Joe Berchtold sold 20,000 shares of Live Nation Entertainment stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $45.43, for a total transaction of $908,600.00. Following the sale, the chief operating officer now owns 117,918 shares in the company, valued at $5,357,014.74. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,106,511 shares of company stock worth $49,467,752. 4.77% of the stock is owned by company insiders.

Several analysts have issued reports on LYV shares. Macquarie restated a “buy” rating and issued a $52.00 price target on shares of Live Nation Entertainment in a research report on Wednesday. Jefferies Group restated a “buy” rating and issued a $42.00 price target on shares of Live Nation Entertainment in a research report on Monday, October 16th. Zacks Investment Research upgraded shares of Live Nation Entertainment from a “hold” rating to a “buy” rating and set a $48.00 price target on the stock in a research report on Tuesday, October 10th. JPMorgan Chase & Co. restated a “buy” rating on shares of Live Nation Entertainment in a research report on Wednesday, October 18th. Finally, Citigroup lowered shares of Live Nation Entertainment from a “buy” rating to a “neutral” rating in a research report on Saturday, December 30th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $44.57.

COPYRIGHT VIOLATION NOTICE: “Gulf International Bank UK Ltd Buys Shares of 48,650 Live Nation Entertainment, Inc. (LYV)” was originally reported by StockNewsTimes and is owned by of StockNewsTimes. If you are accessing this report on another website, it was copied illegally and reposted in violation of U.S. and international copyright & trademark legislation. The legal version of this report can be accessed at https://stocknewstimes.com/2018/01/18/gulf-international-bank-uk-ltd-buys-shares-of-48650-live-nation-entertainment-inc-lyv.html.

About Live Nation Entertainment

Live Nation Entertainment, Inc is a live entertainment company. The Company’s businesses consist of the promotion of live events, including ticketing, sponsorship and advertising. Its segments include Concerts, Sponsorship & Advertising, Ticketing and Artist Nation. The Concerts segment is engaged in promotion of live music events in its owned or operated venues and in rented third-party venues; operation and management of music venues; production of music festivals, and creation of associated content.

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

Receive News & Ratings for Live Nation Entertainment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Live Nation Entertainment and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply