Live Nation Entertainment, Inc. (NYSE:LYV) Shares Bought by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. boosted its stake in shares of Live Nation Entertainment, Inc. (NYSE:LYV) by 108.1% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 3,635 shares of the company’s stock after acquiring an additional 1,888 shares during the period. Atria Wealth Solutions Inc.’s holdings in Live Nation Entertainment were worth $475,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in LYV. Rockefeller Capital Management L.P. acquired a new stake in shares of Live Nation Entertainment in the fourth quarter valued at about $1,405,000. Townsquare Capital LLC raised its position in shares of Live Nation Entertainment by 6.2% in the fourth quarter. Townsquare Capital LLC now owns 4,630 shares of the company’s stock valued at $600,000 after buying an additional 269 shares during the last quarter. Mariner LLC raised its position in shares of Live Nation Entertainment by 8.3% in the fourth quarter. Mariner LLC now owns 10,953 shares of the company’s stock valued at $1,418,000 after buying an additional 844 shares during the last quarter. Canada Post Corp Registered Pension Plan acquired a new stake in shares of Live Nation Entertainment in the fourth quarter valued at about $305,000. Finally, Jump Financial LLC acquired a new stake in shares of Live Nation Entertainment in the fourth quarter valued at about $1,173,000. 74.52% of the stock is currently owned by institutional investors and hedge funds.

Live Nation Entertainment Trading Up 0.3%

Shares of LYV stock opened at $158.95 on Thursday. The company has a debt-to-equity ratio of 5.38, a current ratio of 0.88 and a quick ratio of 0.88. The firm has a market cap of $37.27 billion, a PE ratio of 68.81, a price-to-earnings-growth ratio of 5.93 and a beta of 1.46. The company has a 50-day moving average of $148.53 and a two-hundred day moving average of $140.38. Live Nation Entertainment, Inc. has a 1-year low of $91.58 and a 1-year high of $159.97.

Live Nation Entertainment (NYSE:LYV) last announced its earnings results on Thursday, August 7th. The company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $1.08 by ($0.67). The company had revenue of $7.01 billion for the quarter, compared to analysts’ expectations of $6.93 billion. Live Nation Entertainment had a return on equity of 105.85% and a net margin of 3.88%. The company’s quarterly revenue was up 16.3% compared to the same quarter last year. During the same period last year, the business earned $1.03 EPS. On average, analysts predict that Live Nation Entertainment, Inc. will post 2.38 EPS for the current year.

Insider Activity at Live Nation Entertainment

In other news, EVP John Hopmans sold 34,808 shares of the firm’s stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $147.38, for a total value of $5,130,003.04. Following the completion of the transaction, the executive vice president owned 189,456 shares of the company’s stock, valued at approximately $27,922,025.28. This trade represents a 15.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 3.01% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on LYV shares. Wolfe Research increased their target price on shares of Live Nation Entertainment from $160.00 to $168.00 and gave the company an “outperform” rating in a research report on Tuesday, June 10th. Rosenblatt Securities dropped their price objective on shares of Live Nation Entertainment from $174.00 to $170.00 and set a “buy” rating for the company in a report on Friday, May 2nd. Sanford C. Bernstein assumed coverage on shares of Live Nation Entertainment in a report on Wednesday, June 4th. They issued an “outperform” rating and a $185.00 price objective for the company. Guggenheim reissued a “buy” rating and issued a $170.00 price objective on shares of Live Nation Entertainment in a report on Wednesday, June 18th. Finally, Roth Mkm dropped their price objective on shares of Live Nation Entertainment from $174.00 to $164.00 and set a “buy” rating for the company in a report on Friday, May 2nd. One investment analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the company. Based on data from MarketBeat, Live Nation Entertainment has an average rating of “Moderate Buy” and a consensus target price of $167.41.

About Live Nation Entertainment

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.