Metropolitan Life Insurance Co NY Sells 9,619 Shares Of Live Nation Entertainment, Inc. (NYSE:LYV)

Metropolitan Life Insurance, Inc. NY Live Nation Entertainment, Inc. (NYSE: LYV – Get the rating) rose 53.9% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The company owned 8,215 shares of the company’s stock after selling 9,619 shares during the quarter. Metropolitan Life Insurance Co., NY’s holdings in Live Nation Entertainment were valued at $966,000 as of its most recent SEC filing.

Many hedge funds and other institutional investors have also added to or reduced their stakes in the business. MetLife Investment Management LLC raised its stake in Live Nation Entertainment by 31.3% in the first quarter. MetLife Investment Management LLC now owns 39,172 shares of the company’s stock valued at $4,608,000 after acquiring an additional 9,327 shares during the period. Dana Investment Advisors Inc. purchased a new location in Live Nation Entertainment during the first quarter worth approximately $1,573,000. Norinchukin Bank raised its stake in Live Nation Entertainment by 8.1% during the first quarter. Norinchukin Bank now owns 12,439 shares of the company’s stock, valued at $1,463,000 after purchasing an additional 928 shares during the period. Natixis Advisors LP raised its stake in Live Nation Entertainment by 102.8% in the first quarter. Natixis Advisors LP now owns 153,997 shares of the company’s stock valued at $18,116,000 after acquiring an additional 78,065 shares in the last quarter. Finally, Alphacrest Capital Management LLC boosted its holdings in shares of Live Nation Entertainment by 49.7% in the first quarter. Alphacrest Capital Management LLC now owns 20,868 shares of the company’s stock valued at $2,455,000 after purchasing an additional 6,926 shares during the last quarter. 71.08% of the shares are currently owned by institutional investors.

Insider Trading at Live Nation Entertainment

In other news for Live Nation Entertainment, director Jeffrey T. Hinson sold 500 shares of the company’s stock in a transaction on Tuesday, August 16th. The stock sold for an average price of $99.42, with a total value of $4,9710.00. As a result of the transaction, the director now owns 60,531 shares of the company, valued at approximately $6,017,992.02. The sale was disclosed on file with the Securities and Exchange Commission, which can be accessed through this link. 4.01% of the shares are currently owned by well-informed companies.

Live Nation Entertainment NYSE performance stakes: LYV opened at $89.64 on Monday. The 50-day moving average for the stock is $90.84 and its 200-day moving average is $99.27. The company has a market capitalization of $20.61 billion, a PE ratio of -179.28 and a beta of 1.32. The company’s debt-to-equity ratio is 146.87, the quick ratio is 0.99, and the current ratio is 0.99. Live Nation Entertainment, Inc posted a 52-week low of $79.50 and a 52-week high of $127.75.

Live Nation Entertainment (NYSE: LYV – Get Ratings) announced its quarterly earnings data on Thursday, August 4th. The company reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.13. The company reported revenue of $4.43 billion for the quarter, compared to the consensus estimate of $3.92 billion. Corporate income increased by 669.9% compared to the same quarter last year. The company earned ($0.90) earnings per share in the same period last year. On average, sell-side analysts expect Live Nation Entertainment, Inc. To achieve 0.4 earnings per share for the current year.

Wall Street Analysts Speak

Several analysts recently released reports on LYV stock. Morgan Stanley lowered its price target on Live Nation Entertainment from $115.00 to $110.00 and assigned an “equal” rating to the stock in a report on Thursday, June 2nd. Wolfe Research lowered its price target on Live Nation Entertainment from $145.00 to $119.00 and assigned an “outstanding” rating to the stock in a report on Thursday, June 2nd. Citigroup raised its price target on Live Nation Entertainment from $93.00 to $100.00 and assigned a “neutral” rating to the stock in a report released on Monday, August 8th. Benchmark raised its price target on Live Nation Entertainment to $140.00 in a report released Monday, August 15. Finally, Macquarie upgraded Live Nation Entertainment from a “neutral” rating to a “superior” rating and lowered its share price target from $117.00 to $105.00 in a report released on Tuesday, July 5th. Three investment analysts have rated the stock with a hold rating and nine have given the stock a buy rating. The company currently has an average rating of “Average Buy” and an average target price of $121.10, based on MarketBeat.com data.

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Live Nation Entertainment, Inc. It operates as a live entertainment company. It operates through the Concert, Ticketing, Sponsorship and Advertising divisions. The Concert Division promotes live music events at venues it owns, operates and leases to outdoor venues; management and management of music venues; production of music festivals; create similar content; and providing management and other services to artists.