Live Nation Entertainment, Inc. (NYSE:LYV) Shares Bought by Ethic Inc.

Ethic Inc. boosted its holdings in shares of Live Nation Entertainment, Inc. (NYSE:LYV) by 15.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 23,445 shares of the company’s stock after purchasing an additional 3,085 shares during the period. Ethic Inc.’s holdings in Live Nation Entertainment were worth $3,036,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in LYV. Murphy & Mullick Capital Management Corp purchased a new position in Live Nation Entertainment in the fourth quarter valued at $40,000. Golden State Wealth Management LLC purchased a new stake in shares of Live Nation Entertainment during the fourth quarter worth about $42,000. Retirement Wealth Solutions LLC purchased a new stake in shares of Live Nation Entertainment during the fourth quarter worth about $44,000. Independence Bank of Kentucky purchased a new stake in shares of Live Nation Entertainment during the fourth quarter worth about $45,000. Finally, Comprehensive Financial Planning Inc. PA purchased a new stake in shares of Live Nation Entertainment during the fourth quarter worth about $53,000. Hedge funds and other institutional investors own 74.52% of the company’s stock.

Live Nation Entertainment Stock Performance

NYSE:LYV opened at $136.62 on Monday. The company has a debt-to-equity ratio of 6.10, a current ratio of 1.01 and a quick ratio of 1.01. The firm has a market capitalization of $31.66 billion, a price-to-earnings ratio of 50.23, a PEG ratio of 1.81 and a beta of 1.47. The company’s 50-day moving average is $127.81 and its two-hundred day moving average is $133.19. Live Nation Entertainment, Inc. has a 1-year low of $86.81 and a 1-year high of $157.75.

Live Nation Entertainment (NYSE:LYV) last posted its earnings results on Thursday, May 1st. The company reported ($0.32) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.29). The firm had revenue of $3.38 billion during the quarter, compared to analyst estimates of $3.63 billion. Live Nation Entertainment had a net margin of 3.90% and a return on equity of 139.09%. The business’s revenue for the quarter was down 11.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.60 earnings per share. Analysts forecast that Live Nation Entertainment, Inc. will post 2.38 EPS for the current year.

Insider Buying and Selling at Live Nation Entertainment

In other news, CAO Brian Capo sold 5,066 shares of the company’s stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $123.24, for a total value of $624,333.84. Following the transaction, the chief accounting officer now directly owns 10,549 shares in the company, valued at approximately $1,300,058.76. This represents a 32.44% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Michael Rowles sold 63,136 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $155.40, for a total transaction 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. This represents a 24.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 68,702 shares of company stock worth $10,497,143 in the last ninety days. 3.01% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. Roth Mkm cut their target price on shares of Live Nation Entertainment from $174.00 to $164.00 and set a “buy” rating for the company in a research note on Friday, May 2nd. Rosenblatt Securities cut their target price on shares of Live Nation Entertainment from $174.00 to $170.00 and set a “buy” rating for the company in a research note on Friday, May 2nd. Benchmark reissued a “buy” rating and set a $178.00 target price on shares of Live Nation Entertainment in a research note on Tuesday, April 1st. Macquarie boosted their target price on shares of Live Nation Entertainment from $146.00 to $165.00 and gave the stock an “outperform” rating in a research note on Thursday, March 6th. Finally, Bank of America boosted their target price on shares of Live Nation Entertainment from $149.00 to $175.00 and gave the stock a “buy” rating in a research note on Monday, February 24th. Two investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $162.07.

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.