Todays Report: Today, Markel Corp invests in Live Nation Entertainment Inc. (LYV) Shares

Today, Markel Corp invests in Live Nation Entertainment Inc. (LYV) Shares

Markel Corp increased its position in Live Nation Entertainment Inc. (NYSE:LYV) by 409.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 181,700 shares of the company’s stock after buying an additional 146,000 shares during the period. Markel Corp owned about 0.09% of Live Nation Entertainment worth $4,993,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. Boston Financial Mangement LLC boosted its stake in shares of Live Nation Entertainment by 31.8% in the third quarter. Boston Financial Mangement LLC now owns 217,430 shares of the company’s stock worth $5,975,000 after buying an additional 52,518 shares in the last quarter. Sei Investments Co. boosted its stake in shares of Live Nation Entertainment by 4.1% in the third quarter. Sei Investments Co. now owns 519,273 shares of the company’s stock worth $14,270,000 after buying an additional 20,469 shares in the last quarter. UBS Asset Management Americas Inc. boosted its stake in shares of Live Nation Entertainment by 1.2% in the third quarter. UBS Asset Management Americas Inc. now owns 122,293 shares of the company’s stock worth $3,361,000 after buying an additional 1,400 shares in the last quarter. Aperio Group LLC boosted its stake in shares of Live Nation Entertainment by 32.4% in the third quarter. Aperio Group LLC now owns 18,737 shares of the company’s stock worth $515,000 after buying an additional 4,586 shares in the last quarter. Finally, Three Peaks Capital Management LLC boosted its stake in shares of Live Nation Entertainment by 5.7% in the third quarter. Three Peaks Capital Management LLC now owns 245,337 shares of the company’s stock worth $6,742,000 after buying an additional 13,273 shares in the last quarter. 63.14% of the stock is currently owned by institutional investors.

Live Nation Entertainment Inc. (NYSE:LYV) traded up 0.07% on Friday, hitting $27.72. 25,929 shares of the company traded hands. The firm’s market capitalization is $5.61 billion. The firm’s 50 day moving average price is $27.65 and its 200 day moving average price is $25.80. Live Nation Entertainment Inc. has a 1-year low of $18.77 and a 1-year high of $29.04.

A number of equities research analysts recently issued reports on the company. Stephens upgraded Live Nation Entertainment from an “equal weight” rating to an “overweight” rating and set a $33.00 price objective on the stock in a research note on Tuesday, November 8th. Jefferies Group restated a “buy” rating and issued a $32.00 price objective (up from $31.00) on shares of Live Nation Entertainment in a research note on Tuesday, November 8th. Zacks Investment Research upgraded Live Nation Entertainment from a “hold” rating to a “buy” rating and set a $31.00 price objective on the stock in a research note on Wednesday, October 26th. Citigroup Inc. boosted their price objective on Live Nation Entertainment from $29.00 to $32.00 and gave the company a “buy” rating in a research note on Wednesday, October 12th. Finally, JPMorgan Chase & Co. initiated coverage on Live Nation Entertainment in a research report on Thursday, August 18th. They set an “overweight” rating and a $34.00 price target on the stock. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $31.75.

In other Live Nation Entertainment news, Director Mark S. Shapiro sold 22,642 shares of the firm’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 transaction, the director now directly owns 36,929 shares of the company’s stock, valued at $1,036,966.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 4.16% of the stock is owned by company insiders.

Live Nation Entertainment Company Profile

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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