Live Nation Entertainment, Inc. (NYSE:LYV) EVP Michael Rowles sold 67,840 shares of Live Nation Entertainment stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $63.14, for a total value of $4,283,417.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of LYV traded down $0.26 on Friday, reaching $63.99. 576,206 shares of the stock traded hands, compared to its average volume of 1,207,168. The stock has a market cap of $13.46 billion, a PE ratio of -711.00 and a beta of 1.13. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 3.05. Live Nation Entertainment, Inc. has a 12 month low of $46.02 and a 12 month high of $67.00.
Live Nation Entertainment (NYSE:LYV) last announced its quarterly earnings results on Thursday, May 2nd. The company reported ($0.31) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.34) by $0.03. The business had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.59 billion. Live Nation Entertainment had a return on equity of 1.77% and a net margin of 0.22%. Live Nation Entertainment’s quarterly revenue was up 16.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.24) EPS. Equities analysts forecast that Live Nation Entertainment, Inc. will post 0.27 earnings per share for the current fiscal year.
A number of hedge funds have recently made changes to their positions in LYV. Captrust Financial Advisors acquired a new stake in Live Nation Entertainment in the 4th quarter valued at $35,000. Parallel Advisors LLC boosted its stake in Live Nation Entertainment by 81.0% in the 1st quarter. Parallel Advisors LLC now owns 543 shares of the company’s stock valued at $35,000 after buying an additional 243 shares in the last quarter. CWM LLC boosted its stake in Live Nation Entertainment by 59.5% in the 1st quarter. CWM LLC now owns 622 shares of the company’s stock valued at $40,000 after buying an additional 232 shares in the last quarter. Icon Wealth Partners LLC acquired a new stake in Live Nation Entertainment in the 1st quarter valued at $40,000. Finally, Rockefeller Capital Management L.P. acquired a new stake in Live Nation Entertainment in the 1st quarter valued at $44,000. 70.69% of the stock is currently owned by institutional investors and hedge funds.
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Live Nation Entertainment Company Profile
Live Nation Entertainment, Inc operates as a live entertainment company. It operates through Concerts, Sponsorship & Advertising, and Ticketing segments. The Concerts segment promotes live music events in its owned or operated venues, and in rented third-party venues; operates and manages music venues; and produces music festivals and creates associated content.
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