Gabelli Funds Trimmed Live Nation (LYV) Stake by $4.84 Million; Valuation Rose; Merriman Wealth Management Decreased General Electric Co (GE) Holding by $533,088 as Stock Price Declined

February 18, 2018 - By Peter Erickson

Gabelli Funds Llc decreased its stake in Live Nation Inc (LYV) by 7.81% based on its latest 2017Q3 regulatory filing with the SEC. Gabelli Funds Llc sold 112,600 shares as the company’s stock rose 14.05% with the market. The institutional investor held 1.33M shares of the consumer services company at the end of 2017Q3, valued at $57.89M, down from 1.44 million at the end of the previous reported quarter. Gabelli Funds Llc who had been investing in Live Nation Inc for a number of months, seems to be less bullish one the $9.71B market cap company. The stock increased 0.04% or $0.02 during the last trading session, reaching $46.95. About 931,684 shares traded. Live Nation Entertainment, Inc. (NYSE:LYV) has risen 52.18% since February 18, 2017 and is uptrending. It has outperformed by 35.48% the S&P500.

Merriman Wealth Management Llc decreased its stake in General Electric Co (GE) by 10.62% based on its latest 2017Q3 regulatory filing with the SEC. Merriman Wealth Management Llc sold 22,212 shares as the company’s stock declined 7.64% while stock markets rallied. The institutional investor held 186,900 shares of the consumer electronics and appliances company at the end of 2017Q3, valued at $4.52M, down from 209,112 at the end of the previous reported quarter. Merriman Wealth Management Llc who had been investing in General Electric Co for a number of months, seems to be less bullish one the $130.52 billion market cap company. The stock increased 1.35% or $0.2 during the last trading session, reaching $15.05. About 64.72M shares traded. General Electric Company (NYSE:GE) has declined 4.46% since February 18, 2017 and is downtrending. It has underperformed by 21.16% the S&P500.

Analysts await Live Nation Entertainment, Inc. (NYSE:LYV) to report earnings on February, 22. They expect $-0.48 earnings per share, up 17.24% or $0.10 from last year’s $-0.58 per share. After $0.53 actual earnings per share reported by Live Nation Entertainment, Inc. for the previous quarter, Wall Street now forecasts -190.57% negative EPS growth.

Since September 8, 2017, it had 0 insider buys, and 2 selling transactions for $719,350 activity. 10,000 Live Nation Entertainment, Inc. (NYSE:LYV) shares with value of $415,600 were sold by Emanuel Ariel.

Investors sentiment increased to 1.54 in Q3 2017. Its up 0.11, from 1.43 in 2017Q2. It improved, as 23 investors sold LYV shares while 89 reduced holdings. 65 funds opened positions while 107 raised stakes. 135.10 million shares or 4.62% more from 129.13 million shares in 2017Q2 were reported. Scotia Cap stated it has 20,502 shares or 0.01% of all its holdings. State Of Wisconsin Board accumulated 27,265 shares. 3 were reported by Financial Advantage. Swiss State Bank holds 0.01% or 223,500 shares in its portfolio. Alpine Global Mgmt Lc invested 0.15% in Live Nation Entertainment, Inc. (NYSE:LYV). Loomis Sayles Co Ltd Partnership stated it has 0.07% in Live Nation Entertainment, Inc. (NYSE:LYV). Rainier Mngmt Limited Com reported 0.96% stake. Ameritas Investment Ptnrs holds 0.08% of its portfolio in Live Nation Entertainment, Inc. (NYSE:LYV) for 40,205 shares. Whittier Trust Of Nevada holds 0.01% of its portfolio in Live Nation Entertainment, Inc. (NYSE:LYV) for 1,496 shares. Geode Cap Management Llc holds 1.05M shares. Matarin Capital Mgmt Ltd Liability Co accumulated 111,082 shares. First Trust Advsr Limited Partnership reported 0.03% stake. Fisher Asset Mngmt Ltd Limited Liability Company owns 453,765 shares. Moreover, Whittier Tru Com has 0% invested in Live Nation Entertainment, Inc. (NYSE:LYV) for 96 shares. Gabelli Funds Limited Liability Corporation owns 1.33M shares.

Gabelli Funds Llc, which manages about $25.90B and $17.46B US Long portfolio, upped its stake in Roper Inds Inc New (NYSE:ROP) by 24,600 shares to 58,850 shares, valued at $14.32 million in 2017Q3, according to the filing. It also increased its holding in Kraft Heinz Co/The by 62,200 shares in the quarter, for a total of 502,500 shares, and has risen its stake in Liberty Sirius Group C.

Among 14 analysts covering Live Nation (NYSE:LYV), 10 have Buy rating, 0 Sell and 4 Hold. Therefore 71% are positive. Live Nation had 23 analyst reports since September 18, 2015 according to SRatingsIntel. Jefferies maintained Live Nation Entertainment, Inc. (NYSE:LYV) rating on Monday, September 11. Jefferies has “Buy” rating and $42.0 target. The firm has “Buy” rating given on Thursday, October 8 by Citigroup. The firm earned “Neutral” rating on Tuesday, March 29 by BTIG Research. Stephens maintained the stock with “Buy” rating in Thursday, August 10 report. Jefferies maintained it with “Buy” rating and $3600 target in Monday, June 5 report. On Monday, May 2 the stock rating was upgraded by Northcoast to “Buy”. On Friday, October 30 the stock rating was upgraded by Albert Fried to “Overweight”. On Tuesday, November 8 the stock rating was upgraded by Stephens to “Overweight”. Stephens initiated the stock with “Equal-Weight” rating in Thursday, October 6 report. The stock has “Overweight” rating by JP Morgan on Thursday, August 18.

Merriman Wealth Management Llc, which manages about $1.58B and $420.67 million US Long portfolio, upped its stake in Ishares Tr (EFA) by 8,856 shares to 71,346 shares, valued at $4.89M in 2017Q3, according to the filing. It also increased its holding in Vanguard Index Fds (VOO) by 43,953 shares in the quarter, for a total of 75,329 shares, and has risen its stake in Facebook Inc (NASDAQ:FB).

Investors sentiment decreased to 0.69 in Q3 2017. Its down 0.10, from 0.79 in 2017Q2. It dropped, as 112 investors sold GE shares while 818 reduced holdings. 118 funds opened positions while 525 raised stakes. 4.70 billion shares or 1.82% more from 4.61 billion shares in 2017Q2 were reported. Ballentine Prtn Limited Liability Company invested 0.11% in General Electric Company (NYSE:GE). Stewart Patten Limited Co reported 4.23% stake. 9,619 are owned by Solaris Asset Management Llc. North Carolina-based Sheets Smith Wealth has invested 0.12% in General Electric Company (NYSE:GE). Cullen Cap Limited Liability Corporation stated it has 2.22% in General Electric Company (NYSE:GE). Stonebridge Incorporated owns 347,440 shares. Vigilant Capital Mngmt Lc has invested 0.06% in General Electric Company (NYSE:GE). Eastern National Bank & Trust owns 845,453 shares or 1.45% of their US portfolio. Nippon Life Communications reported 0.12% of its portfolio in General Electric Company (NYSE:GE). National Bank & Trust Of Nova Scotia owns 3.12M shares or 0.44% of their US portfolio. Trustmark Bancorporation Trust Department reported 127,766 shares. Credit Suisse Ag has invested 0.4% in General Electric Company (NYSE:GE). Verity Asset Mngmt stated it has 0.27% of its portfolio in General Electric Company (NYSE:GE). Koshinski Asset Mgmt accumulated 104,306 shares. Chickasaw Cap Limited Liability, Tennessee-based fund reported 80,801 shares.

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