The Live Nation Entertainment Inc. (LYV) Position Increased by KCG Holdings Inc.

The Live Nation Entertainment Inc. (LYV) Position Increased by KCG Holdings Inc.

KCG Holdings Inc. increased its position in shares of Live Nation Entertainment Inc. (NYSE:LYV) by 37.9% during the third quarter, Holdings Channel reports. The fund owned 52,825 shares of the company’s stock after buying an additional 14,517 shares during the period. KCG Holdings Inc.’s holdings in Live Nation Entertainment were worth $1,452,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of LYV. Eaton Vance Management raised its position in Live Nation Entertainment by 0.6% in the second quarter. Eaton Vance Management now owns 66,995 shares of the company’s stock worth $1,574,000 after buying an additional 392 shares during the last quarter. UBS Asset Management Americas Inc. raised its position in Live Nation Entertainment by 13.5% in the second quarter. UBS Asset Management Americas Inc. now owns 120,893 shares of the company’s stock worth $2,841,000 after buying an additional 14,410 shares during the last quarter. Ameriprise Financial Inc. raised its position in Live Nation Entertainment by 3.7% in the second quarter. Ameriprise Financial Inc. now owns 360,089 shares of the company’s stock worth $8,462,000 after buying an additional 13,012 shares during the last quarter. Neuberger Berman Group LLC bought a new position in Live Nation Entertainment during the second quarter worth $204,000. Finally, Emerald Acquisition Ltd. bought a new position in Live Nation Entertainment during the second quarter worth $1,276,000. 63.19% of the stock is owned by institutional investors and hedge funds.

Live Nation Entertainment Inc. (NYSE:LYV) traded down 0.62% during mid-day trading on Thursday, reaching $27.34. The company had a trading volume of 1,036,792 shares. The firm has a 50-day moving average of $27.34 and a 200 day moving average of $26.88. The company’s market capitalization is $5.53 billion. Live Nation Entertainment Inc. has a 1-year low of $18.77 and a 1-year high of $29.04.

A number of analysts have recently issued reports on the company. Stephens assumed coverage on Live Nation Entertainment in a research report on Thursday, October 6th. They set an “equal weight” rating and a $30.00 price target for the company. They noted that the move was a valuation call. Jefferies Group lifted their price target on Live Nation Entertainment from $32.00 to $33.00 and gave the company a “buy” rating in a research report on Tuesday, November 29th. Zacks Investment Research upgraded Live Nation Entertainment from a “hold” rating to a “buy” rating and set a $31.00 price target for the company in a research report on Wednesday, October 26th. Albert Fried & Company reiterated a “hold” rating on shares of Live Nation Entertainment in a research report on Wednesday, January 11th. Finally, Citigroup Inc. lifted their price target on Live Nation Entertainment from $29.00 to $32.00 and gave the company a “buy” rating in a research report on Wednesday, October 12th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Live Nation Entertainment currently has an average rating of “Buy” and an average price target of $31.88.

In other Live Nation Entertainment news, Director Robert Ted Enloe III sold 10,000 shares of the company’s stock in a transaction dated Wednesday, November 23rd. The stock was sold at an average price of $27.78, for a total value of $277,800.00. Following the completion of the sale, the director now owns 35,398 shares in the company, valued at $983,356.44. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Mark S. Shapiro sold 22,642 shares of the company’s stock in a transaction dated Monday, November 21st. The stock was sold at an average price of $28.08, for a total value of $635,787.36. Following the completion of the sale, the director now owns 36,929 shares of the company’s stock, valued at approximately $1,036,966.32. The disclosure for this sale can be found here. In the last 90 days, insiders sold 312,642 shares of company stock valued at $8,610,787. Company insiders own 4.16% 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, and artist management. Its segments include Concerts, Ticketing, Artist Nation, Sponsorship & Advertising, Other and Corporate.

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