Following the completion of the sale, the director now directly owns 23,450 shares of the company's stock, valued at $839,979. KAHAN JAMES S sold $340,100 worth of Live Nation Entertainment, Inc.
The Beverly Hills, California-based company said it had profit of 29 cents per share. The original version of this piece of content can be viewed at https://baseballnewssource.com/markets/first-citizens-bank-trust-co-acquires-new-stake-in-live-nation-entertainment-inc-nyselyv-updated/1321600.html.
The company is looking to increase the ancillary spend per concert attendant by approximately $2 for the next quarter, driven by better food and beverage options at this summer's live events. Epoch Investment Partners Inc. bought a new position in shares of Live Nation Entertainment during the first quarter worth about $44,071,000.
Live Nation sold 68 million concert tickets in the second quarter, a 21% increase over the year-ago period and a company record. Institutional investors own 64.45% of the company's stock. Markel Corporation has invested 0.17% of its portfolio in Live Nation Entertainment, Inc. (NYSE:LYV) on Monday, April 3 with "Buy" rating. The company exposed volatility of 1.30% over the past week and moving out to look at the previous month volatility move, the stock is at 1.38%. The stock has a 50 day moving average of $35.59 and a 200 day moving average of $32.06. Live Nation Entertainment, Inc. has a 12 month low of $25.56 and a 12 month high of $37.91. The company now has a market value of $7.78B.
Live Nation Entertainment Inc (NYSE:LYV) institutional sentiment increased to 1.4 in Q4 2016. Analysts expect next quarter's EPS to be $0.61 with next year's EPS anticipated to be $0.44. Live Nation Entertainment had a negative return on equity of 0.16% and a negative net margin of 0.03%. Last quarter, the company saw 1.41 billion in total revenues. Comparatively, LYV posted earnings of $0.51 per share in the same quarter, a year earlier. Karp Capital Management Corp acquired a new stake in shares of Live Nation Entertainment during the first quarter valued at $686,000. (NYSE:LYV). Principal Group has 5.07 million shares. If you are accessing this report on another publication, it was illegally stolen and republished in violation of United States & global copyright law.
Here are a few additional firms who have increased or decreased their stake in (LYV). (LYV) stake by 5.12% reported in 2016Q4 SEC filing.
William Blair initiated coverage on shares of Live Nation Entertainment, Inc.
Let's talk about the gap between analyst price targets for the next 12 months and Live Nation Entertainment, Inc. Citigroup Inc. reiterated a "buy" rating and issued a $39.00 price target (up from $32.00) on shares of Live Nation Entertainment in a research note on Friday, May 19th. BidaskClub downgraded Live Nation Entertainment from a "strong-buy" rating to a "buy" rating in a research report on Thursday, June 22nd. Capstone Asset Management Co. boosted its stake in Live Nation Entertainment by 2.0% in the second quarter. As for the mean price target, it implies upside of 5.24% from the $85.07 prior closing price.
Among 11 analysts covering Live Nation (NYSE:LYV), 9 have Buy rating, 0 Sell and 2 Hold. Live Nation Entertainment now has a consensus rating of "Buy" and an average price target of $37.38. The shares were sold on June 6th for an average price of $34.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert Ted Enloe III sold 6,337 shares of the company's stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $34.86, for a total transaction of $697,200.00.
03/29/2016 - BTIG Research began new coverage on Live Nation Entertainment, Inc. giving the company a "neutral" rating.