Trade Report: Today, Mutual of America Capital Management LLC decides to keep it stake in Live Nation Entertainment Inc. (LYV) to the level of $2,756,000

Today, Mutual of America Capital Management LLC decides to keep it stake in Live Nation Entertainment Inc. (LYV) to the level of $2,756,000

Mutual of America Capital Management LLC lowered its position in Live Nation Entertainment Inc. (NYSE:LYV) by 6.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 100,309 shares of the company’s stock after selling 7,052 shares during the period. Mutual of America Capital Management LLC’s holdings in Live Nation Entertainment were worth $2,756,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Creative Planning increased its position in Live Nation Entertainment by 6.1% in the third quarter. Creative Planning now owns 4,334 shares of the company’s stock worth $119,000 after buying an additional 249 shares during the last quarter. Fuller & Thaler Asset Management Inc. acquired a new position in Live Nation Entertainment during the second quarter worth approximately $115,000. Seven Eight Capital LLC increased its position in Live Nation Entertainment by 30.8% in the first quarter. Seven Eight Capital LLC now owns 6,800 shares of the company’s stock worth $152,000 after buying an additional 1,600 shares during the last quarter. World Asset Management Inc acquired a new position in Live Nation Entertainment during the third quarter worth approximately $237,000. Finally, Neuberger Berman Group LLC acquired a new position in Live Nation Entertainment during the second quarter worth approximately $204,000. 63.14% of the stock is owned by institutional investors.

Shares of Live Nation Entertainment Inc. (NYSE:LYV) traded up 0.14% during midday trading on Friday, hitting $27.74. 199,045 shares of the company were exchanged. The company’s market capitalization is $5.61 billion. The company has a 50-day moving average of $27.63 and a 200 day moving average of $25.84. Live Nation Entertainment Inc. has a one year low of $18.77 and a one year high of $29.04.

A number of research firms have recently commented on LYV. Stephens raised shares of Live Nation Entertainment from an “equal weight” rating to an “overweight” rating and set a $33.00 price objective for the company in a report on Tuesday, November 8th. Citigroup Inc. raised their price objective on shares of Live Nation Entertainment from $29.00 to $32.00 and gave the stock a “buy” rating in a report on Wednesday, October 12th. Jefferies Group reaffirmed a “buy” rating and set a $32.00 price objective (up from $31.00) on shares of Live Nation Entertainment in a report on Tuesday, November 8th. Zacks Investment Research downgraded shares of Live Nation Entertainment from a “buy” rating to a “hold” rating in a report on Tuesday, October 25th. Finally, JPMorgan Chase & Co. began coverage on shares of Live Nation Entertainment in a report on Thursday, August 18th. They set an “overweight” rating and a $34.00 price objective for the company. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $31.75.

In other Live Nation Entertainment news, Director Mark S. Shapiro sold 22,642 shares of the company’s stock in a transaction on Monday, November 21st. The shares were 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 in the company, valued at $1,036,966.32. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 4.16% of the stock is currently 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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