Metis Global Partners LLC Has $455,000 Position in Live Nation Entertainment, Inc. (NYSE:LYV)

Metis Global Partners LLC reduced its holdings in Live Nation Entertainment, Inc. (NYSE:LYV) by 11.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,856 shares of the company’s stock after selling 617 shares during the quarter. Metis Global Partners LLC’s holdings in Live Nation Entertainment were worth $455,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Bank of Nova Scotia grew its holdings in Live Nation Entertainment by 6.9% in the third quarter. Bank of Nova Scotia now owns 560,768 shares of the company’s stock worth $46,566,000 after purchasing an additional 36,298 shares during the period. Bank of New Hampshire acquired a new stake in shares of Live Nation Entertainment in the 4th quarter valued at about $1,735,000. Allspring Global Investments Holdings LLC increased its position in Live Nation Entertainment by 13.2% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 567,995 shares of the company’s stock valued at $53,164,000 after buying an additional 66,390 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Live Nation Entertainment by 77.5% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 34,198 shares of the company’s stock worth $3,201,000 after acquiring an additional 14,928 shares in the last quarter. Finally, Synergy Asset Management LLC bought a new position in Live Nation Entertainment in the fourth quarter worth approximately $1,151,000. Institutional investors and hedge funds own 74.52% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on LYV shares. TD Cowen reaffirmed a “buy” rating and set a $108.00 target price on shares of Live Nation Entertainment in a research report on Tuesday, April 16th. Rosenblatt Securities raised their price objective on shares of Live Nation Entertainment from $119.00 to $122.00 and gave the company a “buy” rating in a research note on Friday, May 3rd. Redburn Atlantic raised shares of Live Nation Entertainment from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $114.00 to $115.00 in a research report on Thursday. JPMorgan Chase & Co. lifted their price target on Live Nation Entertainment from $124.00 to $126.00 and gave the company an “overweight” rating in a research note on Friday, February 23rd. Finally, Oppenheimer increased their price objective on Live Nation Entertainment from $105.00 to $115.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 21st. One equities research analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $116.83.

Live Nation Entertainment Stock Down 0.0 %

LYV stock opened at $97.02 on Friday. The stock has a market cap of $22.45 billion, a P/E ratio of 92.40, a P/E/G ratio of 1.96 and a beta of 1.34. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 10.83. The stock’s fifty day simple moving average is $98.76 and its two-hundred day simple moving average is $92.29. Live Nation Entertainment, Inc. has a 1-year low of $76.48 and a 1-year high of $107.24.

Live Nation Entertainment (NYSE:LYV) last posted its quarterly earnings results on Thursday, May 2nd. The company reported ($0.53) EPS for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.32). Live Nation Entertainment had a return on equity of 90.67% and a net margin of 2.22%. The company had revenue of $3.80 billion during the quarter, compared to the consensus estimate of $3.26 billion. During the same period last year, the firm posted ($0.25) EPS. The company’s revenue for the quarter was up 21.5% compared to the same quarter last year. Analysts expect that Live Nation Entertainment, Inc. will post 1.39 EPS for the current year.

Insider Buying and Selling

In other news, Director Jeffrey T. Hinson sold 1,001 shares of Live Nation Entertainment stock in a transaction on Friday, March 8th. The stock was sold at an average price of $100.50, for a total value of $100,600.50. Following the completion of the transaction, 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. 2.85% of the stock is owned by insiders.

Live Nation Entertainment Company 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.