Live Nation Entertainment, Inc. (NYSE:LYV) Shares Acquired by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. lifted its stake in shares of Live Nation Entertainment, Inc. (NYSE:LYV) by 31.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,033 shares of the company’s stock after buying an additional 4,574 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Live Nation Entertainment were worth $1,781,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in LYV. Creative Financial Designs Inc. ADV boosted its holdings in Live Nation Entertainment by 148.1% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 335 shares of the company’s stock worth $31,000 after purchasing an additional 200 shares during the period. Raleigh Capital Management Inc. acquired a new position in Live Nation Entertainment in the third quarter worth $33,000. Cary Street Partners Investment Advisory LLC boosted its holdings in Live Nation Entertainment by 9,800.0% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 495 shares of the company’s stock worth $41,000 after purchasing an additional 490 shares during the period. Tobam acquired a new position in Live Nation Entertainment in the fourth quarter worth $59,000. Finally, Headlands Technologies LLC acquired a new position in Live Nation Entertainment in the third quarter worth $88,000. Institutional investors and hedge funds own 74.52% of the company’s stock.

Live Nation Entertainment Price Performance

Shares of NYSE LYV opened at $88.45 on Tuesday. Live Nation Entertainment, Inc. has a fifty-two week low of $64.96 and a fifty-two week high of $107.24. The firm’s 50-day simple moving average is $98.99 and its 200 day simple moving average is $91.52. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 9.30. The stock has a market cap of $20.41 billion, a P/E ratio of 66.50 and a beta of 1.30.

Live Nation Entertainment (NYSE:LYV) last issued its quarterly earnings data on Thursday, February 22nd. The company reported ($1.22) earnings per share for the quarter, missing analysts’ consensus estimates 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 company had revenue of $5.84 billion for the quarter, compared to the consensus estimate of $4.72 billion. Equities analysts expect that Live Nation Entertainment, Inc. will post 1.63 EPS for the current year.

Insider Activity at Live Nation Entertainment

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

Wall Street Analysts Forecast Growth

A number of research firms have commented on LYV. Rosenblatt Securities decreased their price objective on shares of Live Nation Entertainment from $124.00 to $119.00 and set a “buy” rating for the company in a report on Thursday, April 11th. Roth Capital raised shares of Live Nation Entertainment from a “neutral” rating to a “buy” rating in a report on Thursday, January 11th. JPMorgan Chase & Co. lifted their price objective on shares of Live Nation Entertainment from $124.00 to $126.00 and gave the stock an “overweight” rating in a report on Friday, February 23rd. Roth Mkm raised shares of Live Nation Entertainment from a “neutral” rating to a “buy” rating and boosted their price target for the company from $92.00 to $114.00 in a report on Friday, January 12th. Finally, TD Cowen reissued a “buy” rating and set a $108.00 price target on shares of Live Nation Entertainment in a report on Tuesday, April 16th. One analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, Live Nation Entertainment currently has a consensus rating of “Moderate Buy” and a consensus target price of $115.70.

Live Nation Entertainment Profile

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.