Atria Investments Inc Purchases 1,225 Shares of Live Nation Entertainment, Inc. (NYSE:LYV)

Atria Investments Inc raised its stake in Live Nation Entertainment, Inc. (NYSE:LYV) by 18.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,987 shares of the company’s stock after purchasing an additional 1,225 shares during the period. Atria Investments Inc’s holdings in Live Nation Entertainment were worth $1,034,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of LYV. Principal Financial Group Inc. increased its stake in Live Nation Entertainment by 1.2% in the third quarter. Principal Financial Group Inc. now owns 7,196,551 shares of the company’s stock valued at $787,950,000 after purchasing an additional 87,032 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its stake in Live Nation Entertainment by 1.9% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 350,497 shares of the company’s stock valued at $38,376,000 after purchasing an additional 6,512 shares in the last quarter. Metis Global Partners LLC increased its stake in Live Nation Entertainment by 7.4% in the third quarter. Metis Global Partners LLC now owns 5,073 shares of the company’s stock valued at $555,000 after purchasing an additional 350 shares in the last quarter. CIBC Asset Management Inc increased its stake in Live Nation Entertainment by 14.9% in the third quarter. CIBC Asset Management Inc now owns 24,916 shares of the company’s stock valued at $2,728,000 after purchasing an additional 3,231 shares in the last quarter. Finally, Empirical Finance LLC increased its stake in Live Nation Entertainment by 2.3% in the third quarter. Empirical Finance LLC now owns 4,639 shares of the company’s stock valued at $508,000 after purchasing an additional 105 shares in the last quarter. 74.52% of the stock is owned by institutional investors.

Insider Activity

In other news, EVP Michael Rowles sold 63,136 shares of the business’s stock in a transaction that occurred 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 of the company’s stock, valued at $30,356,768.40. The trade was a 24.43 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 2.72% of the company’s stock.

Live Nation Entertainment Stock Up 1.0 %

LYV opened at $122.84 on Thursday. 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 stock has a market cap of $28.67 billion, a price-to-earnings ratio of 45.16, a PEG ratio of 1.81 and a beta of 1.38. Live Nation Entertainment, Inc. has a twelve month low of $86.81 and a twelve month high of $157.75. The company’s 50-day moving average price is $140.00 and its two-hundred day moving average price is $126.32.

Live Nation Entertainment (NYSE:LYV) last released its earnings results 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. 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 for the quarter, compared to analysts’ expectations of $5.67 billion. As a group, equities analysts expect that Live Nation Entertainment, Inc. will post 2.38 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Live Nation Entertainment from $150.00 to $170.00 and gave the company an “overweight” rating in a report on Friday, February 21st. Guggenheim lifted their price objective on shares of Live Nation Entertainment from $146.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. The Goldman Sachs Group lifted their price objective on shares of Live Nation Entertainment from $148.00 to $166.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Roth Mkm lifted their price objective on shares of Live Nation Entertainment from $152.00 to $174.00 and gave the company a “buy” rating in a report on Friday, February 21st. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Live Nation Entertainment from $130.00 to $150.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Two investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $157.27.

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.