Live Nation Entertainment, Inc. (NYSE:LYV) Shares Sold by Bleakley Financial Group LLC

Bleakley Financial Group LLC lessened its holdings in shares of Live Nation Entertainment, Inc. (NYSE:LYV) by 4.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 25,113 shares of the company’s stock after selling 1,102 shares during the period. Bleakley Financial Group LLC’s holdings in Live Nation Entertainment were worth $2,351,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Bank of Nova Scotia lifted its holdings in shares of Live Nation Entertainment by 6.9% in the 3rd 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 last quarter. Procyon Advisors LLC lifted its stake in Live Nation Entertainment by 170.9% in the third quarter. Procyon Advisors LLC now owns 7,784 shares of the company’s stock valued at $646,000 after buying an additional 4,911 shares during the last quarter. Synergy Asset Management LLC acquired a new position in shares of Live Nation Entertainment during the fourth quarter valued at $1,151,000. Cary Street Partners Investment Advisory LLC grew its position in shares of Live Nation Entertainment by 9,800.0% during the third 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 last quarter. Finally, DAVENPORT & Co LLC increased its holdings in shares of Live Nation Entertainment by 46.3% in the 4th quarter. DAVENPORT & Co LLC now owns 1,141,272 shares of the company’s stock worth $107,008,000 after acquiring an additional 361,103 shares during the period. Institutional investors and hedge funds own 74.52% of the company’s stock.

Analyst Upgrades and Downgrades

LYV has been the subject of several recent analyst reports. Oppenheimer upped their target price on shares of Live Nation Entertainment from $105.00 to $115.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 21st. JPMorgan Chase & Co. boosted their price target on Live Nation Entertainment from $124.00 to $126.00 and gave the stock an “overweight” rating in a research report on Friday, February 23rd. Rosenblatt Securities upped their price objective on shares of Live Nation Entertainment from $118.00 to $124.00 and gave the stock a “buy” rating in a report on Friday, February 23rd. Roth Mkm raised shares of Live Nation Entertainment from a “neutral” rating to a “buy” rating and raised their target price for the company from $92.00 to $114.00 in a research note on Friday, January 12th. Finally, Roth Capital raised shares of Live Nation Entertainment from a “neutral” rating to a “buy” rating in a research note on Thursday, January 11th. One research analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $116.40.

Insider Buying and Selling at Live Nation Entertainment

In other news, Director Jeffrey T. Hinson sold 1,001 shares of the business’s stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $100.50, for a total transaction of $100,600.50. Following the sale, the director now owns 59,374 shares in the company, valued at $5,967,087. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.85% of the company’s stock.

Live Nation Entertainment Trading Down 0.1 %

Shares of NYSE:LYV opened at $102.73 on Wednesday. The stock has a market capitalization of $23.71 billion, a price-to-earnings ratio of 77.24 and a beta of 1.30. Live Nation Entertainment, Inc. has a 1-year low of $64.96 and a 1-year high of $107.24. The company has a 50 day moving average price of $97.80 and a 200 day moving average price of $90.72. The company has a debt-to-equity ratio of 9.30, a quick ratio of 0.96 and a current ratio of 0.96.

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

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.