Live Nation Entertainment, Inc. (NYSE:LYV) Shares Acquired by K.J. Harrison & Partners Inc

K.J. Harrison & Partners Inc lifted its position in Live Nation Entertainment, Inc. (NYSE:LYV) by 4.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,250 shares of the company’s stock after acquiring an additional 1,000 shares during the period. K.J. Harrison & Partners Inc’s holdings in Live Nation Entertainment were worth $3,134,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the company. Brooklyn Investment Group acquired a new stake in Live Nation Entertainment during the 3rd quarter worth $31,000. World Investment Advisors LLC purchased a new position in shares of Live Nation Entertainment in the third quarter worth about $38,000. Reston Wealth Management LLC acquired a new position in Live Nation Entertainment during the third quarter worth about $41,000. Morse Asset Management Inc purchased a new stake in Live Nation Entertainment during the 3rd quarter valued at about $42,000. Finally, Golden State Wealth Management LLC acquired a new stake in Live Nation Entertainment in the 4th quarter valued at about $42,000. 74.52% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on LYV shares. Rosenblatt Securities restated a “buy” rating and issued a $146.00 price target on shares of Live Nation Entertainment in a research report on Tuesday, February 18th. Guggenheim upped their target price on Live Nation Entertainment from $146.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. StockNews.com upgraded Live Nation Entertainment from a “sell” rating to a “hold” rating in a report on Wednesday, November 20th. Bank of America upped their price objective on shares of Live Nation Entertainment from $149.00 to $175.00 and gave the company a “buy” rating in a report on Monday. Finally, The Goldman Sachs Group lifted their target price on shares of Live Nation Entertainment from $148.00 to $166.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. Two investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $156.00.

Live Nation Entertainment Stock Down 1.8 %

Shares of NYSE LYV opened at $141.86 on Thursday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 6.10. The business’s 50 day moving average is $139.87 and its two-hundred day moving average is $123.69. Live Nation Entertainment, Inc. has a 52-week low of $86.81 and a 52-week high of $157.75. The firm has a market cap of $32.96 billion, a price-to-earnings ratio of 52.15, a PEG ratio of 1.81 and a beta of 1.38.

Live Nation Entertainment (NYSE:LYV) last posted its quarterly earnings data on Thursday, February 27th. The company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.93) by $1.49. Live Nation Entertainment had a return on equity of 139.09% and a net margin of 3.90%. The firm had revenue of $5.68 billion for the quarter, compared to the consensus estimate of $5.67 billion. Research analysts predict that Live Nation Entertainment, Inc. will post 2.38 EPS for the current year.

Insider Transactions at Live Nation Entertainment

In related news, EVP Michael Rowles sold 63,136 shares of Live Nation Entertainment stock in a transaction that occurred on Monday, February 24th. The shares were 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 owns 195,346 shares in the company, valued at approximately $30,356,768.40. The trade was a 24.43 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.72% of the company’s stock.

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.