Crossmark Global Holdings Inc. Has $812,000 Stake in Live Nation Entertainment, Inc. (LYV)

Crossmark Global Holdings Inc. increased its stake in Live Nation Entertainment, Inc. (NYSE:LYV) by 41.4% during the 4th quarter, HoldingsChannel reports. The fund owned 19,084 shares of the company’s stock after purchasing an additional 5,586 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Live Nation Entertainment were worth $812,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in LYV. Canada Pension Plan Investment Board raised its stake in shares of Live Nation Entertainment by 8,038.5% in the third quarter. Canada Pension Plan Investment Board now owns 5,786,500 shares of the company’s stock valued at $252,002,000 after acquiring an additional 5,715,400 shares in the last quarter. Robeco Institutional Asset Management B.V. purchased a new position in Live Nation Entertainment in the fourth quarter valued at $26,704,000. Scout Investments Inc. purchased a new position in Live Nation Entertainment in the third quarter valued at $24,217,000. Russell Investments Group Ltd. increased its holdings in Live Nation Entertainment by 346.1% in the third quarter. Russell Investments Group Ltd. now owns 468,705 shares of the company’s stock valued at $20,412,000 after buying an additional 363,634 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. increased its holdings in Live Nation Entertainment by 24.5% in the third quarter. Schwab Charles Investment Management Inc. now owns 1,813,800 shares of the company’s stock valued at $78,991,000 after buying an additional 356,715 shares during the last quarter. Institutional investors and hedge funds own 67.91% of the company’s stock.

Several research firms recently commented on LYV. Macquarie reissued a “buy” rating and issued a $48.00 target price on shares of Live Nation Entertainment in a report on Sunday, November 5th. Zacks Investment Research lowered Live Nation Entertainment from a “hold” rating to a “sell” rating in a report on Thursday, January 11th. Citigroup lowered Live Nation Entertainment from a “buy” rating to a “neutral” rating and set a $47.00 target price on the stock. in a report on Friday, December 22nd. Finally, Jefferies Group increased their target price on Live Nation Entertainment from $42.00 to $46.00 and gave the company a “buy” rating in a report on Friday, November 3rd. One analyst has rated the stock with a sell rating, three have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. Live Nation Entertainment presently has an average rating of “Buy” and a consensus price target of $44.57.

In other Live Nation Entertainment news, CEO Michael Rapino sold 210,000 shares of the firm’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $45.59, for a total transaction of $9,573,900.00. Following the transaction, the chief executive officer now owns 115,277 shares of the company’s stock, valued at $5,255,478.43. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Joe Berchtold sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $43.08, for a total value of $861,600.00. Following the transaction, the chief operating officer now directly owns 97,918 shares in the company, valued at approximately $4,218,307.44. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 600,000 shares of company stock worth $26,681,100. Corporate insiders own 4.77% of the company’s stock.

Live Nation Entertainment, Inc. (NYSE:LYV) opened at $46.95 on Friday. The company has a market capitalization of $9,705.12, a price-to-earnings ratio of 2,348.67 and a beta of 1.01. Live Nation Entertainment, Inc. has a twelve month low of $28.00 and a twelve month high of $47.25. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 1.39.

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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.

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

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