Great West Life Assurance Co. Can increased its position in shares of Live Nation Entertainment, Inc. (NYSE:LYV) by 4.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 105,913 shares of the company’s stock after purchasing an additional 4,841 shares during the period. Great West Life Assurance Co. Can owned 0.05% of Live Nation Entertainment worth $4,853,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. TIAA CREF Investment Management LLC boosted its stake in Live Nation Entertainment by 12.8% during the third quarter. TIAA CREF Investment Management LLC now owns 432,974 shares of the company’s stock worth $23,584,000 after buying an additional 49,251 shares during the period. Bessemer Group Inc. boosted its stake in Live Nation Entertainment by 75.6% during the third quarter. Bessemer Group Inc. now owns 31,783 shares of the company’s stock worth $1,731,000 after buying an additional 13,679 shares during the period. The Manufacturers Life Insurance Company boosted its stake in Live Nation Entertainment by 5.4% during the third quarter. The Manufacturers Life Insurance Company now owns 230,911 shares of the company’s stock worth $12,577,000 after buying an additional 11,843 shares during the period. Bank of Montreal Can boosted its stake in Live Nation Entertainment by 137.7% during the fourth quarter. Bank of Montreal Can now owns 99,553 shares of the company’s stock worth $4,904,000 after buying an additional 57,678 shares during the period. Finally, BlackRock Inc. boosted its stake in Live Nation Entertainment by 6.0% during the third quarter. BlackRock Inc. now owns 13,741,840 shares of the company’s stock worth $748,517,000 after buying an additional 778,092 shares during the period. Hedge funds and other institutional investors own 68.95% of the company’s stock.

NYSE LYV opened at $63.46 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.04. Live Nation Entertainment, Inc. has a one year low of $35.94 and a one year high of $64.45. The company has a market capitalization of $13.33 billion, a PE ratio of -705.11 and a beta of 1.14.

In other news, CEO Michael Rapino sold 85,000 shares of the firm’s stock in a transaction that occurred on Friday, December 21st. The shares were sold at an average price of $49.40, for a total value of $4,199,000.00. Following the completion of the transaction, the chief executive officer now owns 1,052,030 shares of the company’s stock, valued at $51,970,282. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In the last three months, insiders sold 255,000 shares of company stock valued at $12,736,400. Insiders own 5.19% of the company’s stock.

Several brokerages have weighed in on LYV. Zacks Investment Research raised shares of Live Nation Entertainment from a “hold” rating to a “buy” rating and set a $60.00 target price for the company in a research note on Tuesday, January 29th. Citigroup lowered shares of Live Nation Entertainment from a “buy” rating to a “neutral” rating and increased their target price for the stock from $59.00 to $63.00 in a research note on Friday. They noted that the move was a valuation call. Finally, Macquarie reaffirmed a “buy” rating and set a $60.00 target price on shares of Live Nation Entertainment in a research note on Thursday, November 22nd. Two research analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $58.61.

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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 and/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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Institutional Ownership by Quarter for Live Nation Entertainment (NYSE:LYV)

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