Live Nation Entertainment, Inc. (NYSE:LYV) Holdings Raised by Raymond James & Associates

Raymond James & Associates grew its position in Live Nation Entertainment, Inc. (NYSE:LYV) by 4.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 86,784 shares of the company’s stock after acquiring an additional 3,676 shares during the quarter. Raymond James & Associates’ holdings in Live Nation Entertainment were worth $8,123,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in LYV. Providence Capital Advisors LLC increased its holdings in shares of Live Nation Entertainment by 6,674.2% in the 1st quarter. Providence Capital Advisors LLC now owns 2,100 shares of the company’s stock valued at $30,000 after acquiring an additional 2,069 shares during the last quarter. Financial Management Professionals Inc. acquired a new position in Live Nation Entertainment during the 3rd quarter worth $31,000. Creative Financial Designs Inc. ADV boosted its position in Live Nation Entertainment by 148.1% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 335 shares of the company’s stock worth $31,000 after acquiring an additional 200 shares during the period. Raleigh Capital Management Inc. acquired a new position in Live Nation Entertainment during the 3rd quarter worth $33,000. Finally, Cary Street Partners Investment Advisory LLC boosted its position in Live Nation Entertainment by 9,800.0% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 495 shares of the company’s stock worth $41,000 after acquiring an additional 490 shares during the period. 74.52% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

LYV has been the subject of a number of analyst reports. Oppenheimer boosted their price target on Live Nation Entertainment from $105.00 to $115.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 21st. Roth Mkm upgraded Live Nation Entertainment from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $92.00 to $114.00 in a research report on Friday, January 12th. JPMorgan Chase & Co. upped their price objective on Live Nation Entertainment from $124.00 to $126.00 and gave the company an “overweight” rating in a report on Friday, February 23rd. Roth Capital upgraded Live Nation Entertainment from a “neutral” rating to a “buy” rating in a report on Thursday, January 11th. Finally, Morgan Stanley upped their price objective on Live Nation Entertainment from $110.00 to $120.00 and gave the company an “overweight” rating in a report on Friday, February 23rd. One research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $116.40.

Insider Activity at Live Nation Entertainment

In related news, Director Jeffrey T. Hinson sold 1,001 shares of the company’s stock in a transaction on Friday, March 8th. The stock was sold at an average price of $100.50, for a total transaction of $100,600.50. Following the transaction, the director now directly owns 59,374 shares of the company’s stock, valued at $5,967,087. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 2.85% of the stock is owned by insiders.

Live Nation Entertainment Stock Up 1.1 %

Shares of Live Nation Entertainment stock opened at $103.52 on Monday. The firm has a market capitalization of $23.89 billion, a PE ratio of 77.83 and a beta of 1.30. Live Nation Entertainment, Inc. has a 12-month low of $64.96 and a 12-month high of $107.24. 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’s fifty day moving average is $97.25 and its 200-day moving average is $90.40.

Live Nation Entertainment (NYSE:LYV) last posted its quarterly earnings results on Thursday, February 22nd. The company reported ($1.22) earnings per share for the quarter, missing the consensus estimate of ($1.13) by ($0.09). The business had revenue of $5.84 billion for the quarter, compared to analyst estimates of $4.72 billion. Live Nation Entertainment had a net margin of 2.48% and a return on equity of 118.42%. Equities analysts anticipate that Live Nation Entertainment, Inc. will post 1.63 earnings per share for the current year.

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.