Live Nation Entertainment, Inc. (NYSE:LYV) Shares Sold by Dendur Capital LP

Dendur Capital LP lessened its holdings in shares of Live Nation Entertainment, Inc. (NYSE:LYV) by 42.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 474,000 shares of the company’s stock after selling 352,000 shares during the period. Live Nation Entertainment accounts for approximately 6.3% of Dendur Capital LP’s investment portfolio, making the stock its 6th biggest holding. Dendur Capital LP owned approximately 0.20% of Live Nation Entertainment worth $61,383,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. World Investment Advisors LLC purchased a new position in shares of Live Nation Entertainment during the third quarter worth about $38,000. Murphy & Mullick Capital Management Corp purchased a new position in Live Nation Entertainment during the 4th quarter worth approximately $40,000. Morse Asset Management Inc acquired a new position in Live Nation Entertainment during the third quarter worth approximately $42,000. Golden State Wealth Management LLC purchased a new stake in Live Nation Entertainment in the fourth quarter valued at approximately $42,000. Finally, Retirement Wealth Solutions LLC acquired a new stake in shares of Live Nation Entertainment in the fourth quarter valued at approximately $44,000. 74.52% of the stock is owned by institutional investors and hedge funds.

Live Nation Entertainment Trading Up 4.3 %

Shares of LYV opened at $128.80 on Wednesday. Live Nation Entertainment, Inc. has a twelve month low of $86.81 and a twelve month high of $157.75. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 6.10. The firm has a market capitalization of $30.06 billion, a P/E ratio of 47.35, a PEG ratio of 1.81 and a beta of 1.31. The firm’s 50-day moving average is $131.52 and its two-hundred day moving average is $131.32.

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 the consensus estimate of ($0.93) by $1.49. The firm had revenue of $5.68 billion during the quarter, compared to the consensus estimate of $5.67 billion. Live Nation Entertainment had a return on equity of 139.09% and a net margin of 3.90%. On average, research analysts predict that Live Nation Entertainment, Inc. will post 2.38 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on LYV shares. Bank of America upped their price target on shares of Live Nation Entertainment from $149.00 to $175.00 and gave the company a “buy” rating in a research report on Monday, February 24th. Macquarie increased 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. JPMorgan Chase & Co. boosted their price target on Live Nation Entertainment from $150.00 to $170.00 and gave the company an “overweight” rating in a research report on Friday, February 21st. Roth Mkm upped their price objective on Live Nation Entertainment from $152.00 to $174.00 and gave the company a “buy” rating in a research note on Friday, February 21st. Finally, Morgan Stanley increased their price objective on Live Nation Entertainment from $150.00 to $170.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 18th. Two investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat, Live Nation Entertainment currently has a consensus rating of “Moderate Buy” and a consensus target price of $160.33.

Insider Buying and Selling

In related news, Director Jeffrey T. Hinson sold 500 shares of the company’s stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $122.95, for a total value of $61,475.00. Following the sale, the director now owns 52,624 shares of the company’s stock, valued at approximately $6,470,120.80. This represents a 0.94 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Michael Rowles sold 63,136 shares of the stock in a transaction 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 sale, the executive vice president now owns 195,346 shares in the company, valued at approximately $30,356,768.40. This trade represents a 24.43 % decrease in their position. 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 three months. Corporate insiders own 2.72% of the company’s stock.

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.