Schechter Investment Advisors LLC Lowers Stock Holdings in Live Nation Entertainment, Inc. (NYSE:LYV)

Schechter Investment Advisors LLC reduced its stake in Live Nation Entertainment, Inc. (NYSE:LYVFree Report) by 7.9% during the 4th quarter, HoldingsChannel reports. The firm owned 2,940 shares of the company’s stock after selling 252 shares during the period. Schechter Investment Advisors LLC’s holdings in Live Nation Entertainment were worth $275,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently modified their holdings of the business. DekaBank Deutsche Girozentrale boosted its stake in shares of Live Nation Entertainment by 0.4% in the third quarter. DekaBank Deutsche Girozentrale now owns 27,819 shares of the company’s stock valued at $2,324,000 after buying an additional 117 shares in the last quarter. Strategy Asset Managers LLC boosted its position in Live Nation Entertainment by 1.3% during the second quarter. Strategy Asset Managers LLC now owns 9,619 shares of the company’s stock worth $876,000 after purchasing an additional 121 shares in the last quarter. Hohimer Wealth Management LLC boosted its position in Live Nation Entertainment by 1.1% during the third quarter. Hohimer Wealth Management LLC now owns 11,512 shares of the company’s stock worth $956,000 after purchasing an additional 123 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in Live Nation Entertainment by 1.0% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 13,252 shares of the company’s stock worth $1,100,000 after purchasing an additional 130 shares in the last quarter. Finally, Raymond James Trust N.A. boosted its position in Live Nation Entertainment by 4.3% during the first quarter. Raymond James Trust N.A. now owns 3,139 shares of the company’s stock worth $369,000 after purchasing an additional 130 shares in the last quarter. 74.52% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Live Nation Entertainment

In other Live Nation Entertainment news, Director Jeffrey T. Hinson sold 1,001 shares of the business’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $100.50, for a total transaction of $100,600.50. Following the completion of the sale, the director now owns 59,374 shares of the company’s stock, valued at $5,967,087. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.85% of the stock is owned by company insiders.

Live Nation Entertainment Stock Performance

Live Nation Entertainment stock opened at $105.77 on Friday. The firm has a market capitalization of $24.41 billion, a P/E ratio of 79.53 and a beta of 1.30. The stock has a fifty day moving average price of $95.81 and a 200 day moving average price of $89.57. Live Nation Entertainment, Inc. has a 52 week low of $64.96 and a 52 week high of $107.24. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 9.30.

Live Nation Entertainment (NYSE:LYVGet Free Report) last released its earnings results on Thursday, February 22nd. The company reported ($1.22) EPS for the quarter, missing the consensus estimate of ($1.13) by ($0.09). Live Nation Entertainment had a net margin of 2.48% and a return on equity of 118.42%. The business had revenue of $5.84 billion during the quarter, compared to analyst estimates of $4.72 billion. Equities research analysts anticipate that Live Nation Entertainment, Inc. will post 1.63 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Rosenblatt Securities boosted their target price on Live Nation Entertainment from $118.00 to $124.00 and gave the stock a “buy” rating in a research report on Friday, February 23rd. Roth Mkm upgraded Live Nation Entertainment from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $92.00 to $114.00 in a research report on Friday, January 12th. Oppenheimer boosted their target price on Live Nation Entertainment from $105.00 to $115.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 21st. JPMorgan Chase & Co. boosted their price target on Live Nation Entertainment from $124.00 to $126.00 and gave the stock an “overweight” rating in a report on Friday, February 23rd. Finally, Roth Capital raised Live Nation Entertainment from a “neutral” rating to a “buy” rating in a report on Thursday, January 11th. One analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $116.40.

Check Out Our Latest Stock Report on Live Nation Entertainment

Live Nation Entertainment Profile

(Free Report)

Live Nation Entertainment, Inc operates as a live entertainment company worldwide. It operates through Concerts, Ticketing, and Sponsorship & Advertising segments. The Concerts segment promotes live music events in its owned or operated venues, and in rented third-party venues. This segment operates and manages music venues; produces music festivals; creates and streams associated content; and offers management and other services to artists.

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Institutional Ownership by Quarter for Live Nation Entertainment (NYSE:LYV)

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