Point72 Hong Kong Ltd Has $291,000 Position in Live Nation Entertainment, Inc. (NYSE:LYV)
Point72 Hong Kong Ltd grew its stake in shares of Live Nation Entertainment, Inc. (NYSE:LYV) by 775.9% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 4,073 shares of the company’s stock after buying an additional 3,608 shares during the period. Point72 Hong Kong Ltd’s holdings in Live Nation Entertainment were worth $291,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. Point72 Asset Management L.P. raised its holdings in Live Nation Entertainment by 1,319.1% in the fourth quarter. Point72 Asset Management L.P. now owns 619,323 shares of the company’s stock worth $44,263,000 after purchasing an additional 575,680 shares during the period. Ion Asset Management Ltd. grew its holdings in Live Nation Entertainment by 29.3% during the 4th quarter. Ion Asset Management Ltd. now owns 27,145 shares of the company’s stock worth $1,940,000 after acquiring an additional 6,145 shares during the last quarter. Captrust Financial Advisors grew its holdings in Live Nation Entertainment by 189.9% during the 4th quarter. Captrust Financial Advisors now owns 17,834 shares of the company’s stock worth $1,282,000 after acquiring an additional 11,682 shares during the last quarter. AQR Capital Management LLC grew its holdings in Live Nation Entertainment by 12.8% during the 4th quarter. AQR Capital Management LLC now owns 50,777 shares of the company’s stock worth $3,629,000 after acquiring an additional 5,772 shares during the last quarter. Finally, First Republic Investment Management Inc. boosted its stake in shares of Live Nation Entertainment by 6.6% in the 4th quarter. First Republic Investment Management Inc. now owns 6,562 shares of the company’s stock valued at $469,000 after purchasing an additional 409 shares during the last quarter. 69.70% of the stock is owned by institutional investors and hedge funds.
In related news, EVP Michael Rowles bought 2,650 shares of the stock in a transaction on Thursday, March 12th. The shares were purchased at an average price of $37.57 per share, for a total transaction of $99,560.50. Following the acquisition, the executive vice president now owns 193,056 shares in the company, valued at $7,253,113.92. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ariel Emanuel sold 71,394 shares of the stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $58.26, for a total value of $4,159,414.44. Following the sale, the director now owns 2,380 shares in the company, valued at approximately $138,658.80. The disclosure for this sale can be found here. In the last 90 days, insiders have bought 30,300 shares of company stock worth $1,185,318. Company insiders own 4.82% of the company’s stock.
Live Nation Entertainment stock traded up $2.96 during trading hours on Wednesday, hitting $45.90. 7,807,330 shares of the stock were exchanged, compared to its average volume of 3,963,580. The company has a debt-to-equity ratio of 3.17, a quick ratio of 1.02 and a current ratio of 1.02. The stock has a market capitalization of $8.01 billion, a P/E ratio of -655.62 and a beta of 1.16. Live Nation Entertainment, Inc. has a 12 month low of $21.70 and a 12 month high of $76.60. The business’s 50-day moving average is $58.19 and its two-hundred day moving average is $66.28.
Live Nation Entertainment (NYSE:LYV) last issued its quarterly earnings data on Thursday, February 27th. The company reported ($0.83) EPS for the quarter, missing analysts’ consensus estimates of ($0.70) by ($0.13). The company had revenue of $2.89 billion for the quarter, compared to analyst estimates of $2.84 billion. Live Nation Entertainment had a return on equity of 2.20% and a net margin of 0.27%. The company’s revenue was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.79) earnings per share. On average, equities analysts predict that Live Nation Entertainment, Inc. will post 0.51 earnings per share for the current fiscal year.
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 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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