Live Nation Entertainment, Inc. (NYSE:LYV) Shares Bought by Triangle Securities Wealth Management

Triangle Securities Wealth Management boosted its position in shares of Live Nation Entertainment, Inc. (NYSE:LYVGet Rating) by 84.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 13,340 shares of the company’s stock after acquiring an additional 6,110 shares during the quarter. Triangle Securities Wealth Management’s holdings in Live Nation Entertainment were worth $930,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in LYV. SOA Wealth Advisors LLC. lifted its position in Live Nation Entertainment by 689.6% during the 3rd quarter. SOA Wealth Advisors LLC. now owns 379 shares of the company’s stock worth $28,000 after acquiring an additional 331 shares during the period. Tobam purchased a new position in shares of Live Nation Entertainment during the 3rd quarter valued at about $37,000. MCF Advisors LLC raised its stake in shares of Live Nation Entertainment by 150.2% during the 3rd quarter. MCF Advisors LLC now owns 508 shares of the company’s stock valued at $39,000 after buying an additional 305 shares during the last quarter. Western Pacific Wealth Management LP raised its stake in shares of Live Nation Entertainment by 2,638.1% during the 3rd quarter. Western Pacific Wealth Management LP now owns 575 shares of the company’s stock valued at $43,000 after buying an additional 554 shares during the last quarter. Finally, Ellevest Inc. raised its stake in shares of Live Nation Entertainment by 35.3% during the 3rd quarter. Ellevest Inc. now owns 621 shares of the company’s stock valued at $47,000 after buying an additional 162 shares during the last quarter. Institutional investors and hedge funds own 69.90% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on LYV. Citigroup upgraded Live Nation Entertainment from a “neutral” rating to a “buy” rating and reduced their price objective for the company from $90.00 to $82.00 in a research note on Monday, November 28th. Rosenblatt Securities lifted their price target on Live Nation Entertainment from $101.00 to $105.00 and gave the company a “buy” rating in a research note on Monday, February 27th. Redburn Partners began coverage on Live Nation Entertainment in a research note on Tuesday, November 22nd. They set a “neutral” rating for the company. Morgan Stanley cut their price objective on Live Nation Entertainment from $95.00 to $80.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 30th. Finally, StockNews.com began coverage on Live Nation Entertainment in a research note on Thursday. They set a “hold” rating for the company. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $106.11.

Live Nation Entertainment Price Performance

Shares of Live Nation Entertainment stock traded down $1.32 on Friday, hitting $66.34. 2,340,778 shares of the company were exchanged, compared to its average volume of 2,148,521. The stock has a market capitalization of $15.36 billion, a price-to-earnings ratio of 116.39 and a beta of 1.31. The company has a 50-day moving average price of $74.71 and a 200 day moving average price of $76.08. Live Nation Entertainment, Inc. has a 1-year low of $65.05 and a 1-year high of $121.28. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 56.33.

About Live Nation Entertainment

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Live Nation Entertainment, Inc operates as an entertainment company. The firm engages in producing, marketing, and selling live concerts for artists via its global concert pipe. It operates through the following segments: Concerts, Sponsorship and Advertising, and Ticketing. The Concerts segment is involved in the promotion of live music events in owned or operated venues and in rented third-party venues.

See Also

Institutional Ownership by Quarter for Live Nation Entertainment (NYSE:LYV)

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