Live Nation Entertainment, Inc. $LYV Shares Bought by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. boosted its holdings in shares of Live Nation Entertainment, Inc. (NYSE:LYV) by 134.1% during the 3rd quarter, Holdings Channel reports. The fund owned 7,843 shares of the company’s stock after buying an additional 4,493 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Live Nation Entertainment were worth $1,328,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in LYV. Bank of America Corp DE purchased a new position in Live Nation Entertainment during the 2nd quarter valued at about $1,221,398,000. Canada Pension Plan Investment Board bought a new stake in shares of Live Nation Entertainment in the 2nd quarter valued at about $859,018,000. Findlay Park Partners LLP purchased a new stake in shares of Live Nation Entertainment in the 2nd quarter worth approximately $195,781,000. OMERS ADMINISTRATION Corp lifted its position in shares of Live Nation Entertainment by 5,799.1% in the 1st quarter. OMERS ADMINISTRATION Corp now owns 900,794 shares of the company’s stock worth $137,380,000 after purchasing an additional 885,524 shares during the period. Finally, Bank of New York Mellon Corp bought a new position in shares of Live Nation Entertainment during the second quarter valued at approximately $140,911,000. 74.52% of the stock is currently owned by institutional investors.

Live Nation Entertainment Stock Performance

Shares of Live Nation Entertainment stock opened at $172.88 on Tuesday. The company has a market capitalization of $40.74 billion, a PE ratio of -152.99 and a beta of 1.17. The company has a 50-day simple moving average of $173.85 and a two-hundred day simple moving average of $165.98. Live Nation Entertainment, Inc. has a one year low of $125.34 and a one year high of $189.24. The company has a debt-to-equity ratio of 8.25, a quick ratio of 0.85 and a current ratio of 0.85.

Live Nation Entertainment (NYSE:LYV) last released its quarterly earnings results 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 for the quarter, compared to analysts’ expectations of $7.56 billion. During the same period last year, the business earned $0.41 EPS. The company’s revenue was up 9.4% compared to the same quarter last year. Research analysts expect that Live Nation Entertainment, Inc. will post 1.06 EPS for the current fiscal year.

Insider Activity at Live Nation Entertainment

In related news, CAO Brian Capo sold 2,900 shares of the business’s stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $184.00, for a total transaction of $533,600.00. Following the completion of the transaction, the chief accounting officer owned 8,655 shares in the company, valued at $1,592,520. The trade was a 25.10% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 2.89% of the stock is currently owned by company insiders.

Analyst Ratings Changes

LYV has been the topic of several research reports. Zacks Research lowered shares of Live Nation Entertainment from a “hold” rating to a “strong sell” rating in a report on Monday, October 19th. BTIG Research reissued a “buy” rating and issued a $215.00 price objective on shares of Live Nation Entertainment in a research note on Monday, October 19th. TD Cowen restated a “buy” rating on shares of Live Nation Entertainment in a report on Monday, August 3rd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $205.00 target price on shares of Live Nation Entertainment in a research report on Friday, July 31st. Finally, Benchmark lifted their price target on Live Nation Entertainment from $190.00 to $215.00 and gave the company a “buy” rating in a report on Friday, July 31st. Twenty equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $197.95.

About Live Nation Entertainment

Live Nation Entertainment, Inc is a global live entertainment company that promotes, produces and operates concerts, music festivals and other live events. Through its Live Nation Concerts business, the company works with artists and manages event production, marketing and venue operations across a broad range of musical genres.

The company also operates Ticketmaster, a ticketing platform that provides ticket sales, distribution and related services for concerts, sports events, performing arts programs and other live entertainment.