November 28, 2016 - By Richard Conner
Looking at the stocks unload Robert Enloe made he is in the spotlight today. The director of Live Nation Entertainment Inc and an insider, made a sale of 10,000 shares worth $277,800 U.S Dollars. The average price was $27.8 per share. At the moment, Robert Enloe owns 25,398 shares which are equivalent to around 0.01% of the company’s market capitalization (total value of the shares outstanding). This huge trade occurred on November 28, 2016 and was that was filed with the DC-based SEC. The original filing is accessible here.
Out of 7 analysts covering Live Nation (NYSE:LYV), 6 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 86% are positive. $33 is the highest target while $30.0 is the lowest. The $32.50 average target is 17.03% above today’s ($27.77) stock price. Live Nation has been the topic of 9 analyst reports since September 18, 2015 according to StockzIntelligence Inc. As per Friday, September 18, the company rating was initiated by Gabelli. The firm has “Overweight” rating by JP Morgan given on Thursday, August 18. The stock has “Overweight” rating given by Stephens on Tuesday, November 8. Citigroup maintained the shares of LYV in a report on Wednesday, October 12 with “Buy” rating. The stock has “Buy” rating given by Northcoast on Monday, May 2. The firm has “Buy” rating given on Thursday, October 8 by Citigroup. The firm earned “Neutral” rating on Tuesday, March 29 by BTIG Research. The stock of Live Nation Entertainment, Inc. (NYSE:LYV) earned “Overweight” rating by Albert Fried on Friday, October 30. The stock of Live Nation Entertainment, Inc. (NYSE:LYV) has “Equal-Weight” rating given on Thursday, October 6 by Stephens.
Insitutional Activity: The institutional sentiment decreased to 0.83 in Q2 2016. Its down 0.26, from 1.09 in 2016Q1. The ratio dived, as 27 funds sold all Live Nation Entertainment, Inc. shares owned while 78 reduced positions. 31 funds bought stakes while 83 increased positions. They now own 125.43 million shares or 0.29% more from 125.07 million shares in 2016Q1.
Horizon Kinetics Lc accumulated 1% or 1.69 million shares. Markston Int Ltd Liability Com has 400 shares for 0% of their US portfolio. The Missouri-based Parkside Fin Bank And Tru has invested 0.02% in Live Nation Entertainment, Inc. (NYSE:LYV). Barr E S has 115,725 shares for 0.33% of their US portfolio. California State Teachers Retirement holds 0.01% of its portfolio in Live Nation Entertainment, Inc. (NYSE:LYV) for 280,835 shares. First Advsr Lp owns 206,378 shares or 0.02% of their US portfolio. Asset Mgmt holds 0% or 3,800 shares in its portfolio. Moreover, Renaissance Technologies Llc has 0.13% invested in Live Nation Entertainment, Inc. (NYSE:LYV) for 2.99M shares. State Of Wisconsin Inv Board reported 85,480 shares or 0.01% of all its holdings. Wells Fargo And Mn holds 0% or 171,143 shares in its portfolio. Moreover, Gabelli Funds has 0.2% invested in Live Nation Entertainment, Inc. (NYSE:LYV) for 1.44M shares. Daiwa Securities Group Inc last reported 62,700 shares in the company. Natl Bank Of America Corp De last reported 0% of its portfolio in the stock. Stevens Capital L P accumulated 0.14% or 150,476 shares. Covey Cap Advisors Lc has 1.44% invested in the company for 111,705 shares.
Insider Transactions: Since June 13, 2016, the stock had 0 buys, and 5 sales for $3.98 million net activity. Rowles Michael sold $1.40 million worth of stock. On Monday, November 21 the insider SHAPIRO MARK S sold $635,787. $126,245 worth of Live Nation Entertainment, Inc. (NYSE:LYV) was sold by ENLOE ROBERT TED III on Monday, June 13. $423,750 worth of Live Nation Entertainment, Inc. (NYSE:LYV) was sold by Willard Elizabeth Kathleen on Friday, November 18. Another trade for 50,000 shares valued at $1.39M was made by MAYS RANDALL THOMAS on Wednesday, November 9.
The stock increased 0.11% or $0.03 during the last trading session, hitting $27.77. About 703,581 shares traded hands. Live Nation Entertainment, Inc. (NYSE:LYV) has risen 28.49% since April 25, 2016 and is uptrending. It has outperformed by 22.47% the S&P500.
Live Nation Entertainment, Inc. is a live entertainment company. The company has a market cap of $5.66 billion. The Company’s businesses consist of the promotion of live events, including ticketing, sponsorship and advertising, and artist management. It currently has negative earnings. The Company’s divisions include Concerts, Ticketing, Artist Nation, Sponsorship & Advertising, Other and Corporate.
According to Zacks Investment Research, “Live Nation Entertainment, Inc. is the world’s premier live entertainment company, consisting of Live Nation, Ticketmaster and Front Line Management Group. The Company engages in producing, marketing, and selling live concerts for artists via its concert pipe. Live Nation owns and operates many venues, including House of Blues music venues and locations, such as The Fillmore in San Francisco, Nikon at Jones Beach Theatre in New York and London’s Wembley Arena. In addition, it also produces, promotes or hosts theatrical, specialized motor sports and other live entertainment events. The Company is driving major innovations in ticketing technology, marketing and service. It offers ticket sales, ticket resale services, and marketing and distribution through ticketmaster.com, an e-commerce site on the Internet. Live Nation Entertainment, Inc. was formerly known as Live Nation, Inc. and is based in Beverly Hills, California.”
Analysts await Live Nation Entertainment, Inc. (NYSE:LYV) to report earnings on February, 23. They expect $-0.46 earnings per share, up 2.13% or $0.01 from last year’s $-0.47 per share. After $0.49 actual earnings per share reported by Live Nation Entertainment, Inc. for the previous quarter, Wall Street now forecasts -193.88% negative EPS growth.
Live Nation Entertainment, Inc. (Live Nation), incorporated on August 2, 2005, is a live entertainment company. The Company’s businesses consist of the promotion of live events, including ticketing, sponsorship and advertising, and artist management. The Company’s divisions include Concerts, Ticketing, Artist Nation, Sponsorship & Advertising, Other and Corporate. The Firm connects approximately 530 million fans across its platforms in over 40 countries. The Firm is a producer of live music concerts around the world, based on total fans that attend Live Nation events as compared to events of other promoters, connecting approximately 60 million fans to over 25,500 events for approximately 3,300 artists.
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