Investors Bullish On LYV

Pollstar Staff
2:30 am, Wednesday, 08/31/2016
News

Shapiro Capital Management appears to have heeded some analysts’ “buy” rating and snapped up 576,213 additional shares of Live Nation during the second quarter, according to a Securities and Exchange Commission report filed by the company.

At last report, Shapiro – Live Nation’s third-highest institutional holder – had 8,459,309 shares, or 4.17 percent of outstanding shares.

Hedge fund Harbor Spring Capital went the other way, shedding 469,294 shares, or 33.52 percent of its LYV holdings, during the quarter. Things continue to look rosy for Live Nation, coming off a positive Q2 earnings report and rated “overweight” – a good investment value for the money – by JP Morgan Aug. 18.