Live Nation Entertainment, Inc. (LYV) Shares Sold by Amalgamated Bank

Amalgamated Bank decreased its position in Live Nation Entertainment, Inc. (NYSE:LYV) by 9.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 20,974 shares of the company’s stock after selling 2,169 shares during the period. Amalgamated Bank’s holdings in Live Nation Entertainment were worth $637,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of LYV. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of Live Nation Entertainment by 0.3% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 19,578 shares of the company’s stock worth $521,000 after buying an additional 53 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Live Nation Entertainment by 2.4% in the first quarter. PNC Financial Services Group Inc. now owns 14,699 shares of the company’s stock valued at $446,000 after buying an additional 346 shares in the last quarter. Capstone Asset Management Co. boosted its stake in shares of Live Nation Entertainment by 2.9% in the first quarter. Capstone Asset Management Co. now owns 12,578 shares of the company’s stock valued at $382,000 after buying an additional 350 shares in the last quarter. State Treasurer State of Michigan boosted its stake in shares of Live Nation Entertainment by 0.8% in the first quarter. State Treasurer State of Michigan now owns 53,700 shares of the company’s stock valued at $1,631,000 after buying an additional 400 shares in the last quarter. Finally, Advantus Capital Management Inc raised its position in shares of Live Nation Entertainment by 3.0% in the first quarter. Advantus Capital Management Inc now owns 16,931 shares of the company’s stock valued at $514,000 after buying an additional 497 shares during the last quarter. 63.51% of the stock is currently owned by institutional investors.

Live Nation Entertainment, Inc. (LYV) traded up 1.13% during trading on Friday, reaching $37.48. The company had a trading volume of 1,772,684 shares. The company’s 50-day moving average is $35.49 and its 200 day moving average is $31.85. Live Nation Entertainment, Inc. has a 52 week low of $25.56 and a 52 week high of $37.73. The firm’s market capitalization is $7.66 billion.

Live Nation Entertainment (NYSE:LYV) last posted its quarterly earnings data on Thursday, May 4th. The company reported ($0.22) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.33) by $0.11. The company had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.27 billion. Live Nation Entertainment had a negative net margin of 0.03% and a negative return on equity of 0.16%. The firm’s revenue was up 17.0% on a year-over-year basis. Equities analysts anticipate that Live Nation Entertainment, Inc. will post $0.15 EPS for the current year.

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LYV has been the subject of several recent analyst reports. Goldman Sachs Group, Inc. (The) initiated coverage on Live Nation Entertainment in a report on Monday, April 3rd. They set a “buy” rating and a $35.00 price objective for the company. Macquarie increased their price objective on Live Nation Entertainment from $34.00 to $37.00 and gave the company a “buy” rating in a research note on Monday, April 24th. Jefferies Group LLC reissued a “buy” rating and set a $33.00 price objective on shares of Live Nation Entertainment in a research note on Monday, April 24th. Zacks Investment Research upgraded Live Nation Entertainment from a “hold” rating to a “buy” rating and set a $36.00 target price for the company in a report on Wednesday, April 26th. Finally, Citigroup Inc. reiterated a “buy” rating and issued a $39.00 price objective (up previously from $32.00) on shares of Live Nation Entertainment in a report on Friday, May 19th. Four equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $37.38.

In other news, Director James S. Kahan sold 10,000 shares of the stock in a transaction dated Monday, May 8th. The shares were sold at an average price of $34.01, for a total transaction of $340,100.00. Following the transaction, the director now owns 82,605 shares of the company’s stock, valued at $2,809,396.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Elizabeth Kathleen Willard sold 20,000 shares of the stock in a transaction dated Tuesday, June 6th. The stock was sold at an average price of $34.86, for a total transaction of $697,200.00. Following the sale, the chief financial officer now owns 286,216 shares in the company, valued at approximately $9,977,489.76. The disclosure for this sale can be found here. Insiders have sold 36,337 shares of company stock worth $1,264,291 in the last ninety days. Corporate insiders own 4.77% of the company’s stock.

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)

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