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Westfield Capital Management Co. LP Lowers Stock Position in Live Nation Entertainment, Inc. $LYV
Westfield Capital Management Co. LP reduced its stake in Live Nation Entertainment (NYSE:LYV) by 4.6% in the third quarter, selling 31,360 shares and now owning 646,370 shares valued at over $105 million. Despite this, other institutional investors like Principal Financial Group Inc. and Vanguard Group Inc. significantly increased their holdings in the company. Live Nation Entertainment recently reported a quarterly EPS miss of ($1.06) against an expected ($1.00), though its revenue of $6.31 billion exceeded analyst expectations.