2,610 Shares in Live Nation Entertainment, Inc. (NYSE:LYV) Purchased by BankPlus Trust Department

BankPlus Trust Department purchased a new stake in shares of Live Nation Entertainment, Inc. (NYSE:LYV) in the fourth quarter, Holdings Channel.com reports. The firm purchased 2,610 shares of the company’s stock, valued at approximately $338,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Blue Trust Inc. boosted its position in shares of Live Nation Entertainment by 385.3% during the third quarter. Blue Trust Inc. now owns 529 shares of the company’s stock valued at $58,000 after buying an additional 420 shares during the last quarter. Sequoia Financial Advisors LLC boosted its holdings in Live Nation Entertainment by 17.7% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 2,882 shares of the company’s stock worth $316,000 after acquiring an additional 434 shares during the last quarter. Private Advisor Group LLC grew its stake in shares of Live Nation Entertainment by 2.8% in the 3rd quarter. Private Advisor Group LLC now owns 3,218 shares of the company’s stock worth $352,000 after acquiring an additional 89 shares in the last quarter. International Assets Investment Management LLC raised its holdings in shares of Live Nation Entertainment by 11,822.2% in the third quarter. International Assets Investment Management LLC now owns 10,730 shares of the company’s stock valued at $1,175,000 after purchasing an additional 10,640 shares during the last quarter. Finally, Louisiana State Employees Retirement System lifted its position in shares of Live Nation Entertainment by 8.6% during the third quarter. Louisiana State Employees Retirement System now owns 8,800 shares of the company’s stock valued at $964,000 after purchasing an additional 700 shares in the last quarter. 74.52% of the stock is owned by institutional investors.

Live Nation Entertainment Price Performance

LYV opened at $154.59 on Tuesday. The company has a market capitalization of $35.92 billion, a price-to-earnings ratio of 56.84, a PEG ratio of 1.81 and a beta of 1.38. 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 firm has a 50-day moving average price of $139.57 and a 200-day moving average price of $123.19. Live Nation Entertainment, Inc. has a twelve month low of $86.81 and a twelve month high of $157.75.

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

Analyst Upgrades and Downgrades

LYV has been the subject of a number of recent analyst reports. Bank of America upped their price objective on shares of Live Nation Entertainment from $149.00 to $175.00 and gave the stock a “buy” rating in a research report on Monday. JPMorgan Chase & Co. upped their target price on Live Nation Entertainment from $150.00 to $170.00 and gave the company an “overweight” rating in a report on Friday. Deutsche Bank Aktiengesellschaft lifted their price target on Live Nation Entertainment from $130.00 to $150.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Citigroup upped their price objective on Live Nation Entertainment from $130.00 to $163.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Finally, TD Cowen lifted their target price on Live Nation Entertainment from $108.00 to $145.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. 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 stock currently has a consensus rating of “Moderate Buy” and an average price target of $156.00.

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.