Live Nation Entertainment, Inc. (NYSE:LYV) Shares Bought by Amalgamated Bank

Amalgamated Bank grew its holdings in Live Nation Entertainment, Inc. (NYSE:LYV) by 12.5% in the 4th quarter, Holdings Channel reports. The institutional investor owned 44,146 shares of the company’s stock after buying an additional 4,905 shares during the quarter. Amalgamated Bank’s holdings in Live Nation Entertainment were worth $4,132,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. DekaBank Deutsche Girozentrale increased its stake in shares of Live Nation Entertainment by 0.4% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 27,819 shares of the company’s stock worth $2,324,000 after purchasing an additional 117 shares in the last quarter. Hohimer Wealth Management LLC lifted its position in shares of Live Nation Entertainment by 1.1% in the third quarter. Hohimer Wealth Management LLC now owns 11,512 shares of the company’s stock valued at $956,000 after acquiring an additional 123 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in Live Nation Entertainment by 1.0% during the 3rd 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. J.P. Morgan Private Wealth Advisors LLC raised its stake in Live Nation Entertainment by 1.1% in the 3rd quarter. J.P. Morgan Private Wealth Advisors LLC now owns 13,179 shares of the company’s stock valued at $1,094,000 after purchasing an additional 146 shares during the last quarter. Finally, Raymond James Trust N.A. lifted its holdings in Live Nation Entertainment by 5.9% in the 4th quarter. Raymond James Trust N.A. now owns 2,628 shares of the company’s stock valued at $246,000 after purchasing an additional 147 shares in the last quarter. Institutional investors and hedge funds own 74.52% of the company’s stock.

Live Nation Entertainment Stock Down 0.6 %

Shares of Live Nation Entertainment stock opened at $95.80 on Thursday. The company has a fifty day moving average price of $98.76 and a 200 day moving average price of $92.04. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 10.83. Live Nation Entertainment, Inc. has a twelve month low of $76.48 and a twelve month high of $107.24. The stock has a market cap of $22.17 billion, a price-to-earnings ratio of 91.24, a price-to-earnings-growth ratio of 1.92 and a beta of 1.34.

Live Nation Entertainment (NYSE:LYV) last announced its earnings results on Thursday, May 2nd. The company reported ($0.53) EPS for the quarter, missing the consensus estimate of ($0.21) by ($0.32). The company had revenue of $3.80 billion for the quarter, compared to analysts’ expectations of $3.26 billion. Live Nation Entertainment had a net margin of 2.22% and a return on equity of 90.67%. The business’s quarterly revenue was up 21.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.25) earnings per share. Equities research analysts forecast that Live Nation Entertainment, Inc. will post 1.63 earnings per share for the current fiscal year.

Insider Transactions at Live Nation Entertainment

In related news, Director Jeffrey T. Hinson sold 1,001 shares of the firm’s stock in a transaction on Friday, March 8th. The shares were 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 directly owns 59,374 shares of the company’s stock, valued at approximately $5,967,087. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 2.85% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on LYV shares. TD Cowen reiterated a “buy” rating and set a $108.00 price target on shares of Live Nation Entertainment in a report on Tuesday, April 16th. Roth Mkm reissued a “buy” rating and set a $120.00 price target on shares of Live Nation Entertainment in a research note on Tuesday, April 23rd. Deutsche Bank Aktiengesellschaft lifted their price objective on Live Nation Entertainment from $120.00 to $121.00 and gave the company a “buy” rating in a research report on Monday. Rosenblatt Securities raised their price target on Live Nation Entertainment from $119.00 to $122.00 and gave the stock a “buy” rating in a research note on Friday, May 3rd. Finally, Morgan Stanley upped their price objective on shares of Live Nation Entertainment from $110.00 to $120.00 and gave the company an “overweight” rating in a research note on Friday, February 23rd. One analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $117.00.

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.