Duality Advisers LP Sells 9,945 Shares of Live Nation Entertainment, Inc. (NYSE:LYV)

Duality Advisers LP decreased its position in Live Nation Entertainment, Inc. (NYSE:LYV) by 74.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,340 shares of the company’s stock after selling 9,945 shares during the quarter. Duality Advisers LP’s holdings in Live Nation Entertainment were worth $313,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Bank of Nova Scotia lifted its holdings in Live Nation Entertainment by 6.9% in the third quarter. Bank of Nova Scotia now owns 560,768 shares of the company’s stock valued at $46,566,000 after acquiring an additional 36,298 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Live Nation Entertainment by 77.5% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 34,198 shares of the company’s stock worth $3,201,000 after buying an additional 14,928 shares during the period. Allspring Global Investments Holdings LLC raised its stake in shares of Live Nation Entertainment by 13.2% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 567,995 shares of the company’s stock worth $53,164,000 after buying an additional 66,390 shares during the period. Synergy Asset Management LLC bought a new position in shares of Live Nation Entertainment in the fourth quarter worth about $1,151,000. Finally, Cary Street Partners Investment Advisory LLC raised its stake in shares of Live Nation Entertainment by 9,800.0% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 495 shares of the company’s stock worth $41,000 after buying an additional 490 shares during the period. Institutional investors own 74.52% of the company’s stock.

Insider Transactions at Live Nation Entertainment

In related news, Director Jeffrey T. Hinson sold 1,001 shares of the firm’s stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $100.50, for a total transaction of $100,600.50. Following the completion of the sale, the director now directly owns 59,374 shares of the company’s stock, valued at approximately $5,967,087. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 2.85% of the company’s stock.

Live Nation Entertainment Price Performance

Shares of Live Nation Entertainment stock opened at $89.83 on Friday. The stock has a market cap of $20.73 billion, a price-to-earnings ratio of 67.54 and a beta of 1.30. The company has a debt-to-equity ratio of 9.30, a quick ratio of 0.96 and a current ratio of 0.96. The stock has a 50 day moving average price of $98.87 and a 200-day moving average price of $91.52. Live Nation Entertainment, Inc. has a one year low of $65.20 and a one year high of $107.24.

Live Nation Entertainment (NYSE:LYV) last announced its earnings results on Thursday, February 22nd. The company reported ($1.22) EPS for the quarter, missing analysts’ consensus estimates of ($1.13) by ($0.09). The company had revenue of $5.84 billion during the quarter, compared to analysts’ expectations of $4.72 billion. Live Nation Entertainment had a return on equity of 118.42% and a net margin of 2.48%. Equities analysts expect that Live Nation Entertainment, Inc. will post 1.62 EPS for the current year.

Analysts Set New Price Targets

Several research firms have recently commented on LYV. JPMorgan Chase & Co. raised their price objective on Live Nation Entertainment from $124.00 to $126.00 and gave the stock an “overweight” rating in a research note on Friday, February 23rd. Rosenblatt Securities decreased their target price on Live Nation Entertainment from $124.00 to $119.00 and set a “buy” rating on the stock in a research note on Thursday, April 11th. TD Cowen reissued a “buy” rating and set a $108.00 target price on shares of Live Nation Entertainment in a research note on Tuesday, April 16th. Oppenheimer lifted their target price on Live Nation Entertainment from $105.00 to $115.00 and gave the company an “outperform” rating in a research note on Wednesday, February 21st. Finally, Roth Mkm reissued a “buy” rating and set a $120.00 target price on shares of Live Nation Entertainment in a research note on Tuesday. One equities research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Live Nation Entertainment currently has a consensus rating of “Moderate Buy” and an average price target of $116.30.

Live Nation Entertainment 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.