Live Nation Entertainment, Inc. (NYSE:LYV) Stock Position Raised by Cetera Investment Advisers

Cetera Investment Advisers lifted its stake in Live Nation Entertainment, Inc. (NYSE:LYV) by 14.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,790 shares of the company’s stock after acquiring an additional 1,132 shares during the period. Cetera Investment Advisers’ holdings in Live Nation Entertainment were worth $1,138,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the stock. Captrust Financial Advisors increased its stake in shares of Live Nation Entertainment by 229.1% in the fourth quarter. Captrust Financial Advisors now owns 31,742 shares of the company’s stock worth $4,111,000 after purchasing an additional 22,096 shares during the period. Caxton Associates LP bought a new position in shares of Live Nation Entertainment in the fourth quarter worth about $1,663,000. Bain Capital Public Equity Management II LLC bought a new position in shares of Live Nation Entertainment in the fourth quarter worth about $21,843,000. Bain Capital Public Equity LP bought a new position in shares of Live Nation Entertainment in the fourth quarter worth about $3,544,000. Finally, Baird Financial Group Inc. bought a new position in shares of Live Nation Entertainment in the fourth quarter worth about $345,000. 74.52% of the stock is owned by institutional investors.

Live Nation Entertainment Stock Up 0.1%

NYSE LYV opened at $144.30 on Friday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 6.10. The stock’s 50 day moving average is $131.48 and its two-hundred day moving average is $134.66. The company has a market capitalization of $33.44 billion, a price-to-earnings ratio of 53.05, a PEG ratio of 1.81 and a beta of 1.47. Live Nation Entertainment, Inc. has a 1-year low of $86.81 and a 1-year high of $157.75.

Live Nation Entertainment (NYSE:LYV) last announced its earnings results on Thursday, May 1st. The company reported ($0.32) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.29). The business had revenue of $3.38 billion during the quarter, compared to analyst estimates of $3.63 billion. Live Nation Entertainment had a return on equity of 139.09% and a net margin of 3.90%. The firm’s revenue was down 11.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.60 earnings per share. Equities analysts forecast that Live Nation Entertainment, Inc. will post 2.38 earnings per share for the current fiscal year.

Insider Transactions at Live Nation Entertainment

In other news, Director Jeffrey T. Hinson sold 500 shares of the business’s stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $122.95, for a total value of $61,475.00. Following the transaction, the director now directly owns 52,624 shares of the company’s stock, valued at $6,470,120.80. The trade was a 0.94% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Michael Rowles sold 63,136 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $155.40, for a total value of $9,811,334.40. Following the completion of the transaction, the executive vice president now directly owns 195,346 shares in the company, valued at $30,356,768.40. The trade was a 24.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 103,510 shares of company stock valued at $15,627,146 in the last three months. 3.01% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. JPMorgan Chase & Co. lifted their target price on Live Nation Entertainment from $150.00 to $170.00 and gave the stock an “overweight” rating in a research report on Friday, February 21st. Morgan Stanley lifted their target price on Live Nation Entertainment from $150.00 to $170.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 18th. Benchmark reissued a “buy” rating and set a $178.00 target price on shares of Live Nation Entertainment in a research report on Tuesday, April 1st. Rosenblatt Securities decreased their target price on Live Nation Entertainment from $174.00 to $170.00 and set a “buy” rating on the stock in a research report on Friday, May 2nd. Finally, Bank of America lifted their target price on Live Nation Entertainment from $149.00 to $175.00 and gave the stock a “buy” rating in a research report on Monday, February 24th. Two analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $162.07.

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.