Live Nation Entertainment, Inc. (LYV) Director Robert Ted Enloe III Sells 7,000 Shares
Live Nation Entertainment, Inc. (NYSE:LYV) Director Robert Ted Enloe III sold 7,000 shares of the firm’s stock in a transaction dated Friday, September 14th. The shares were sold at an average price of $54.07, for a total value of $378,490.00. Following the sale, the director now owns 17,508 shares in the company, valued at $946,657.56. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.
NYSE LYV traded down $1.24 during mid-day trading on Monday, reaching $53.47. 1,207,100 shares of the company’s stock traded hands, compared to its average volume of 1,533,200. Live Nation Entertainment, Inc. has a 1-year low of $35.94 and a 1-year high of $55.26. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.95. The firm has a market cap of $11.04 billion, a PE ratio of -111.40 and a beta of 1.05.
Live Nation Entertainment (NYSE:LYV) last issued its quarterly earnings data on Thursday, July 26th. The company reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.05. Live Nation Entertainment had a negative return on equity of 2.49% and a negative net margin of 0.35%. The firm had revenue of $2.87 billion during the quarter, compared to analyst estimates of $2.85 billion. During the same quarter last year, the firm earned $0.29 EPS. Live Nation Entertainment’s quarterly revenue was up 1.6% on a year-over-year basis. analysts anticipate that Live Nation Entertainment, Inc. will post 0.01 earnings per share for the current year.
A number of hedge funds and other institutional investors have recently modified their holdings of LYV. Point72 Asia Hong Kong Ltd acquired a new position in shares of Live Nation Entertainment in the 1st quarter worth approximately $194,000. TLP Group LLC acquired a new position in shares of Live Nation Entertainment in the 1st quarter worth approximately $201,000. NumerixS Investment Technologies Inc grew its position in shares of Live Nation Entertainment by 130.8% in the 2nd quarter. NumerixS Investment Technologies Inc now owns 4,171 shares of the company’s stock worth $203,000 after acquiring an additional 2,364 shares in the last quarter. Pinnacle Associates Ltd. acquired a new position in shares of Live Nation Entertainment in the 2nd quarter worth approximately $205,000. Finally, Santa Monica Partners LP acquired a new position in shares of Live Nation Entertainment in the 2nd quarter worth approximately $228,000. Hedge funds and other institutional investors own 70.94% of the company’s stock.
About Live Nation Entertainment
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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