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As Live Nation Entertainment In (Put) (LYV) Share Price Declined, Sandler Capital Management Lifted Stake by $2.02 Million; Advance Auto Parts (AAP) Shares Rose While Steadfast Capital Management LP Has Trimmed Its Position by $33.51 Million

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Andrew Sandler increased its stake in Live Nation Entertainment In (Put) (LYV) by 24% based on its latest 2017Q4 regulatory filing with the SEC. Sandler Capital Management bought 48,000 shares as the company’s stock declined 0.07% with the market. The hedge fund run by Andrew Sandler held 248,000 shares of the consumer services company at the end of 2017Q4, valued at $10.56 million, up from 200,000 at the end of the previous reported quarter. Sandler Capital Management who had been investing in Live Nation Entertainment In (Put) for a number of months, seems to be bullish on the $9.21 billion market cap company. The stock decreased 0.86% or $0.38 during the last trading session, reaching $44.06. About 944,548 shares traded. Live Nation Entertainment, Inc. (NYSE:LYV) has risen 41.79% since May 23, 2017 and is uptrending. It has outperformed by 30.24% the S&P500.

Robert Pitts decreased its stake in Advance Auto Parts Inc (AAP) by 48.67% based on its latest 2017Q4 regulatory filing with the SEC. Steadfast Capital Management Lp sold 338,528 shares as the company’s stock rose 14.38% while stock markets declined. The hedge fund run by Robert Pitts held 356,990 shares of the other specialty stores company at the end of 2017Q4, valued at $35.59 million, down from 695,518 at the end of the previous reported quarter. Steadfast Capital Management Lp who had been investing in Advance Auto Parts Inc for a number of months, seems to be less bullish one the $9.12 billion market cap company. The stock increased 6.87% or $7.92 during the last trading session, reaching $123.25. About 1.93M shares traded or 68.83% up from the average. Advance Auto Parts, Inc. (NYSE:AAP) has declined 22.19% since May 23, 2017 and is downtrending. It has underperformed by 33.74% the S&P500.

Among 14 analysts covering Live Nation (NYSE:LYV), 13 have Buy rating, 0 Sell and 1 Hold. Therefore 93% are positive. Live Nation had 27 analyst reports since September 18, 2015 according to SRatingsIntel. As per Monday, April 3, the company rating was initiated by Goldman Sachs. The firm has “Equal-Weight” rating by Stephens given on Thursday, October 6. The rating was upgraded by Northcoast on Sunday, April 22 to “Buy”. The stock of Live Nation Entertainment, Inc. (NYSE:LYV) earned “Buy” rating by Jefferies on Monday, September 11. The rating was downgraded by Citigroup on Friday, December 22 to “Hold”. The firm earned “Buy” rating on Thursday, October 8 by Citigroup. Guggenheim maintained the stock with “Buy” rating in Wednesday, February 28 report. Citigroup upgraded Live Nation Entertainment, Inc. (NYSE:LYV) on Monday, April 9 to “Buy” rating. JP Morgan initiated the stock with “Overweight” rating in Thursday, August 18 report. The rating was maintained by Guggenheim with “Buy” on Wednesday, January 10.

Investors sentiment decreased to 1.15 in 2017 Q4. Its down 0.39, from 1.54 in 2017Q3. It is negative, as 41 investors sold LYV shares while 99 reduced holdings. 63 funds opened positions while 98 raised stakes. 136.81 million shares or 1.26% more from 135.10 million shares in 2017Q3 were reported. Moreover, Us Bankshares De has 0% invested in Live Nation Entertainment, Inc. (NYSE:LYV). Huntington National Bank accumulated 0% or 523 shares. Assetmark Inc holds 0% or 8,181 shares. Barr E S stated it has 109,978 shares or 0.48% of all its holdings. 277,346 are held by Jag Cap Management Limited Company. Northwestern Mutual Wealth Management Communications invested in 117 shares. State Of Alaska Department Of Revenue holds 0.01% of its portfolio in Live Nation Entertainment, Inc. (NYSE:LYV) for 9,800 shares. Diamond Hill Capital Mngmt Inc holds 0.22% or 1.02 million shares in its portfolio. Cornerstone Inc accumulated 777 shares. 627,296 are held by Robeco Institutional Asset Mgmt Bv. Global X Limited Company reported 0% in Live Nation Entertainment, Inc. (NYSE:LYV). Morgan Stanley holds 583,911 shares. Kentucky-based Teachers Retirement Of The State Of Kentucky has invested 0.01% in Live Nation Entertainment, Inc. (NYSE:LYV). First Republic Inv Mngmt Inc accumulated 7,680 shares or 0% of the stock. Trexquant Limited Partnership invested 0.07% of its portfolio in Live Nation Entertainment, Inc. (NYSE:LYV).

Sandler Capital Management, which manages about $3.75B and $710.56M US Long portfolio, decreased its stake in Visa Inc (NYSE:V) by 51,550 shares to 231,787 shares, valued at $26.43 million in 2017Q4, according to the filing. It also reduced its holding in Sherwin Williams Co (NYSE:SHW) by 3,500 shares in the quarter, leaving it with 18,700 shares, and cut its stake in Bio Techne Corp (NASDAQ:TECH).

Another recent and important Live Nation Entertainment, Inc. (NYSE:LYV) news was published by Prnewswire.com which published an article titled: “STOCK ALERT: Rosen Law Announces Filing of Securities Class Action Lawsuit Against Live Nation Entertainment, Inc …” on May 21, 2018.

More notable recent Advance Auto Parts, Inc. (NYSE:AAP) news were published by: Schaeffersresearch.com which released: “China Trade Move Boosts Stock Futures” on May 22, 2018, also Benzinga.com with their article: “The Week Ahead: Target, Best Buy Help Close Out Earnings Season” published on May 21, 2018, Seekingalpha.com published: “Credit Suisse defends Advance Auto Parts” on May 23, 2018. More interesting news about Advance Auto Parts, Inc. (NYSE:AAP) were released by: Seekingalpha.com and their article: “Advance Auto Parts’ (AAP) CEO Tom Greco on Q1 2018 Results – Earnings Call Transcript” published on May 22, 2018 as well as Seekingalpha.com‘s news article titled: “Can Advance Auto Parts Turn Itself Around?” with publication date: May 10, 2018.

Steadfast Capital Management Lp, which manages about $8.17 billion and $6.39B US Long portfolio, upped its stake in Vantiv Inc (NYSE:VNTV) by 1.05 million shares to 2.19M shares, valued at $161.24M in 2017Q4, according to the filing. It also increased its holding in Wix Com Ltd (NASDAQ:WIX) by 360,931 shares in the quarter, for a total of 3.99M shares, and has risen its stake in Ulta Beauty Inc (NASDAQ:ULTA).

Since February 23, 2018, it had 1 insider purchase, and 2 sales for $757,901 activity. Finley Tammy M had sold 342 shares worth $39,792 on Friday, March 2. Brouillard John C. sold $202,560 worth of stock.

Investors sentiment increased to 1.13 in Q4 2017. Its up 0.13, from 1 in 2017Q3. It increased, as 56 investors sold AAP shares while 110 reduced holdings. 55 funds opened positions while 133 raised stakes. 73.12 million shares or 2.40% less from 74.92 million shares in 2017Q3 were reported. Pnc Fincl Service Gru Inc Inc has invested 0% in Advance Auto Parts, Inc. (NYSE:AAP). Sumitomo Mitsui Trust owns 230,388 shares. Gam Ag accumulated 4,706 shares. Commercial Bank Of America De owns 158,412 shares for 0% of their portfolio. Janney Montgomery Scott Limited Liability Com owns 0.03% invested in Advance Auto Parts, Inc. (NYSE:AAP) for 28,963 shares. Verition Fund Mgmt Llc invested in 4,708 shares. Gsa Capital Prtnrs Llp owns 2,878 shares. Mason Street Advisors Limited Liability has invested 0.02% in Advance Auto Parts, Inc. (NYSE:AAP). Sun Life Incorporated accumulated 161 shares. Clearbridge Limited Liability Corp stated it has 329,196 shares. Stratos Wealth Partners Ltd owns 95 shares or 0% of their US portfolio. Gw Henssler & Assocs Ltd invested in 2,281 shares. Assetmark holds 0% of its portfolio in Advance Auto Parts, Inc. (NYSE:AAP) for 1,488 shares. Riverpoint Cap Management Ltd has 4,054 shares for 0.02% of their portfolio. Eulav Asset Mngmt reported 12,200 shares.

Among 29 analysts covering Advance Auto Parts Inc. (NYSE:AAP), 14 have Buy rating, 3 Sell and 12 Hold. Therefore 48% are positive. Advance Auto Parts Inc. had 102 analyst reports since August 5, 2015 according to SRatingsIntel. UBS maintained Advance Auto Parts, Inc. (NYSE:AAP) on Wednesday, August 5 with “Buy” rating. As per Friday, May 20, the company rating was maintained by RBC Capital Markets. The firm has “Buy” rating by Goldman Sachs given on Friday, May 6. The stock of Advance Auto Parts, Inc. (NYSE:AAP) has “Buy” rating given on Thursday, October 12 by Jefferies. The rating was upgraded by Raymond James to “Strong Buy” on Tuesday, November 15. The rating was maintained by RBC Capital Markets on Thursday, May 25 with “Outperform”. The rating was maintained by Bank of America on Wednesday, August 16 with “Underperform”. The stock has “Outperform” rating by RBC Capital Markets on Wednesday, November 15. The rating was upgraded by Credit Suisse on Friday, April 20 to “Buy”. The firm has “Buy” rating given on Tuesday, August 18 by Argus Research.

Live Nation Entertainment, Inc. (NYSE:LYV) Institutional Positions Chart

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