Triad Wealth Partners LLC Makes New $312,000 Investment in Live Nation Entertainment, Inc. (NYSE:LYV)

Triad Wealth Partners LLC acquired a new position in shares of Live Nation Entertainment, Inc. (NYSE:LYV) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 2,406 shares of the company’s stock, valued at approximately $312,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of LYV. Brooklyn Investment Group bought a new position in shares of Live Nation Entertainment in the third quarter worth $31,000. World Investment Advisors LLC bought a new position in shares of Live Nation Entertainment during the third quarter valued at about $38,000. Morse Asset Management Inc purchased a new stake in shares of Live Nation Entertainment during the third quarter worth about $42,000. Golden State Wealth Management LLC purchased a new stake in shares of Live Nation Entertainment during the fourth quarter worth about $42,000. Finally, Retirement Wealth Solutions LLC purchased a new stake in shares of Live Nation Entertainment during the fourth quarter worth about $44,000. Hedge funds and other institutional investors own 74.52% of the company’s stock.

Insider Buying and Selling

In related news, EVP Michael Rowles sold 63,136 shares of the firm’s stock in a transaction on Monday, February 24th. The shares were 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 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.72% of the stock is currently owned by corporate insiders.

Live Nation Entertainment Trading Down 1.0 %

Shares of Live Nation Entertainment stock opened at $136.73 on Thursday. 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 fifty day moving average price of $140.60 and a 200 day moving average price of $125.32. Live Nation Entertainment, Inc. has a 1 year low of $86.81 and a 1 year high of $157.75. The stock has a market cap of $31.91 billion, a PE ratio of 50.27, a price-to-earnings-growth ratio of 1.81 and a beta of 1.38.

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

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. TD Cowen raised their price objective on shares of Live Nation Entertainment from $108.00 to $145.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Macquarie boosted their price objective on shares of Live Nation Entertainment from $130.00 to $146.00 and gave the stock an “outperform” rating in a report on Friday, November 15th. Benchmark reiterated a “buy” rating and set a $160.00 target price on shares of Live Nation Entertainment in a research note on Thursday, February 20th. StockNews.com upgraded Live Nation Entertainment from a “sell” rating to a “hold” rating in a research note on Wednesday, November 20th. Finally, Oppenheimer upped their price objective on Live Nation Entertainment from $120.00 to $155.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 12th. Two investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $156.00.

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.