Headlands Technologies LLC Acquires Shares of 1,057 Live Nation Entertainment, Inc. (NYSE:LYV)

Headlands Technologies LLC acquired a new position in Live Nation Entertainment, Inc. (NYSE:LYVFree Report) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 1,057 shares of the company’s stock, valued at approximately $88,000.

Several other institutional investors have also recently modified their holdings of LYV. Providence Capital Advisors LLC raised its stake in shares of Live Nation Entertainment by 6,674.2% in the first quarter. Providence Capital Advisors LLC now owns 2,100 shares of the company’s stock worth $30,000 after purchasing an additional 2,069 shares during the last quarter. Financial Management Professionals Inc. purchased a new position in shares of Live Nation Entertainment in the third quarter worth about $31,000. Massmutual Trust Co. FSB ADV raised its stake in shares of Live Nation Entertainment by 67.6% in the second quarter. Massmutual Trust Co. FSB ADV now owns 347 shares of the company’s stock worth $32,000 after purchasing an additional 140 shares during the last quarter. KB Financial Partners LLC purchased a new position in shares of Live Nation Entertainment in the first quarter worth about $41,000. Finally, Webster Bank N. A. purchased a new position in shares of Live Nation Entertainment in the third quarter worth about $42,000. 70.95% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Live Nation Entertainment

In other news, CFO Joe Berchtold sold 119,100 shares of Live Nation Entertainment stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $92.91, for a total value of $11,065,581.00. Following the sale, the chief financial officer now directly owns 442,107 shares of the company’s stock, valued at $41,076,161.37. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.85% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on the company. Roth Mkm raised Live Nation Entertainment from a “neutral” rating to a “buy” rating and raised their target price for the stock from $92.00 to $114.00 in a report on Friday, January 12th. Evercore ISI raised Live Nation Entertainment from an “in-line” rating to an “outperform” rating and set a $100.00 target price on the stock in a report on Thursday, October 26th. Morgan Stanley raised Live Nation Entertainment from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $100.00 to $110.00 in a report on Thursday, December 14th. Roth Capital raised Live Nation Entertainment from a “neutral” rating to a “buy” rating in a report on Thursday, January 11th. Finally, Guggenheim raised their target price on Live Nation Entertainment from $124.00 to $125.00 and gave the stock a “buy” rating in a report on Thursday, October 26th. One investment analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, Live Nation Entertainment currently has a consensus rating of “Moderate Buy” and a consensus price target of $109.91.

Read Our Latest Stock Report on LYV

Live Nation Entertainment Stock Performance

Shares of NYSE:LYV opened at $89.50 on Tuesday. The company has a debt-to-equity ratio of 7.57, a current ratio of 1.14 and a quick ratio of 1.14. The business’s 50 day moving average price is $89.86 and its 200-day moving average price is $86.29. The firm has a market capitalization of $20.61 billion, a PE ratio of 61.30 and a beta of 1.30. Live Nation Entertainment, Inc. has a 1 year low of $64.25 and a 1 year high of $101.74.

About Live Nation Entertainment

(Free Report)

Live Nation Entertainment, Inc operates as a live entertainment company. 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; operates and manages music venues; produces music festivals; creates and streams associated content; and offers management and other services to artists.

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Institutional Ownership by Quarter for Live Nation Entertainment (NYSE:LYV)

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