Third View Private Wealth LLC Sells 3,574 Shares of Live Nation Entertainment, Inc. $LYV

Third View Private Wealth LLC lessened its stake in Live Nation Entertainment, Inc. (NYSE:LYV) by 21.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,981 shares of the company’s stock after selling 3,574 shares during the period. Third View Private Wealth LLC’s holdings in Live Nation Entertainment were worth $2,198,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Nissay Asset Management Corp Japan lifted its stake in shares of Live Nation Entertainment by 0.3% in the 2nd quarter. Nissay Asset Management Corp Japan now owns 21,068 shares of the company’s stock valued at $3,858,000 after purchasing an additional 66 shares during the period. MGO One Seven LLC grew its position in Live Nation Entertainment by 5.0% during the third quarter. MGO One Seven LLC now owns 1,499 shares of the company’s stock valued at $254,000 after buying an additional 72 shares during the period. MCF Advisors LLC grew its position in Live Nation Entertainment by 7.7% during the second quarter. MCF Advisors LLC now owns 1,188 shares of the company’s stock valued at $218,000 after buying an additional 85 shares during the period. Sequoia Financial Advisors LLC increased its holdings in Live Nation Entertainment by 1.6% in the second quarter. Sequoia Financial Advisors LLC now owns 5,685 shares of the company’s stock valued at $1,041,000 after buying an additional 89 shares in the last quarter. Finally, Wedmont Private Capital increased its holdings in Live Nation Entertainment by 6.9% in the third quarter. Wedmont Private Capital now owns 1,427 shares of the company’s stock valued at $245,000 after buying an additional 92 shares in the last quarter. Institutional investors and hedge funds own 74.52% of the company’s stock.

Live Nation Entertainment Stock Up 1.0%

LYV opened at $178.95 on Wednesday. The company has a market cap of $42.17 billion, a PE ratio of -158.36 and a beta of 1.15. Live Nation Entertainment, Inc. has a twelve month low of $125.34 and a twelve month high of $189.24. The company has a 50-day moving average price of $173.04 and a 200 day moving average price of $166.86. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 8.25.

Insider Buying and Selling

In other Live Nation Entertainment news, CAO Brian Capo sold 2,900 shares of the business’s stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $184.00, for a total transaction of $533,600.00. Following the completion of the sale, the chief accounting officer directly owned 8,655 shares in the company, valued at approximately $1,592,520. The trade was a 25.10% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 2.89% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on LYV. Cfra lowered shares of Live Nation Entertainment from a “hold” rating to a “sell” rating in a research note on Tuesday, October 20th. Citigroup restated a “market outperform” rating on shares of Live Nation Entertainment in a research note on Thursday, October 1st. UBS Group lifted their price target on Live Nation Entertainment from $181.00 to $208.00 and gave the company a “buy” rating in a research note on Monday, July 20th. Zacks Research downgraded Live Nation Entertainment from a “hold” rating to a “strong sell” rating in a research report on Monday, October 19th. Finally, Morgan Stanley increased their target price on Live Nation Entertainment from $200.00 to $215.00 and gave the company an “overweight” rating in a research report on Monday, October 19th. Twenty equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $197.95.

About Live Nation Entertainment

Live Nation Entertainment, Inc is a global live entertainment company that promotes, produces and operates concerts, music festivals and other live events. Through its Live Nation Concerts business, the company works with artists and manages event production, marketing and venue operations across a broad range of musical genres.

The company also operates Ticketmaster, a ticketing platform that provides ticket sales, distribution and related services for concerts, sports events, performing arts programs and other live entertainment.