Landscape Capital Management L.L.C. Buys Shares of 2,362 Live Nation Entertainment, Inc. (NYSE:LYV)

Landscape Capital Management L.L.C. bought a new position in Live Nation Entertainment, Inc. (NYSE:LYV) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 2,362 shares of the company’s stock, valued at approximately $306,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Smartleaf Asset Management LLC boosted its position in Live Nation Entertainment by 17.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 493 shares of the company’s stock worth $65,000 after acquiring an additional 75 shares during the period. SOA Wealth Advisors LLC. lifted its position in shares of Live Nation Entertainment by 19.0% in the fourth quarter. SOA Wealth Advisors LLC. now owns 500 shares of the company’s stock worth $65,000 after purchasing an additional 80 shares in the last quarter. Western Pacific Wealth Management LP boosted its holdings in shares of Live Nation Entertainment by 10.4% during the fourth quarter. Western Pacific Wealth Management LP now owns 867 shares of the company’s stock worth $112,000 after purchasing an additional 82 shares during the period. UMB Bank n.a. grew its position in Live Nation Entertainment by 21.2% during the fourth quarter. UMB Bank n.a. now owns 532 shares of the company’s stock valued at $69,000 after purchasing an additional 93 shares in the last quarter. Finally, Gilbert & Cook Inc. increased its stake in Live Nation Entertainment by 1.7% in the 4th quarter. Gilbert & Cook Inc. now owns 5,463 shares of the company’s stock valued at $707,000 after buying an additional 93 shares during the period. Hedge funds and other institutional investors own 74.52% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on LYV shares. Morgan Stanley boosted their price target on shares of Live Nation Entertainment from $150.00 to $170.00 and gave the company an “overweight” rating in a report on Tuesday, February 18th. Benchmark reaffirmed a “buy” rating and issued a $178.00 target price on shares of Live Nation Entertainment in a research report on Tuesday, April 1st. Bank of America lifted their price target on Live Nation Entertainment from $149.00 to $175.00 and gave the company a “buy” rating in a report on Monday, February 24th. Macquarie increased their price objective on Live Nation Entertainment from $146.00 to $165.00 and gave the stock an “outperform” rating in a report on Thursday, March 6th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Live Nation Entertainment from $150.00 to $170.00 and gave the company an “overweight” rating in a research note on Friday, February 21st. Two analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $160.33.

Live Nation Entertainment Stock Performance

Shares of LYV opened at $119.05 on Tuesday. The company has a debt-to-equity ratio of 6.10, a current ratio of 1.01 and a quick ratio of 1.01. Live Nation Entertainment, Inc. has a one year low of $86.81 and a one year high of $157.75. The company’s fifty day moving average price is $136.73 and its 200 day moving average price is $129.93. The company has a market capitalization of $27.79 billion, a PE ratio of 43.77, a price-to-earnings-growth ratio of 1.81 and a beta of 1.31.

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

Insider Activity

In related news, EVP Michael Rowles sold 63,136 shares of Live Nation Entertainment stock in a transaction dated 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 sale, the executive vice president now directly owns 195,346 shares of the company’s stock, valued at $30,356,768.40. This trade represents a 24.43 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jeffrey T. Hinson sold 500 shares of the company’s stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $122.95, for a total value of $61,475.00. Following the completion of the transaction, the director now directly owns 52,624 shares of the company’s stock, valued at approximately $6,470,120.80. This trade represents a 0.94 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 68,702 shares of company stock valued at $10,497,143. 2.72% of the stock is owned by company insiders.

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.