K.J. Harrison & Partners Inc Buys 6,000 Shares of Live Nation Entertainment, Inc. (NYSE:LYV)

K.J. Harrison & Partners Inc boosted its stake in shares of Live Nation Entertainment, Inc. (NYSE:LYV) by 35.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 23,150 shares of the company’s stock after buying an additional 6,000 shares during the period. K.J. Harrison & Partners Inc’s holdings in Live Nation Entertainment were worth $2,167,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of LYV. DekaBank Deutsche Girozentrale boosted its position in shares of Live Nation Entertainment by 0.4% during the third quarter. DekaBank Deutsche Girozentrale now owns 27,819 shares of the company’s stock valued at $2,324,000 after buying an additional 117 shares during the period. Hohimer Wealth Management LLC increased its stake in Live Nation Entertainment by 1.1% in the third quarter. Hohimer Wealth Management LLC now owns 11,512 shares of the company’s stock worth $956,000 after purchasing an additional 123 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in shares of Live Nation Entertainment by 1.0% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 13,252 shares of the company’s stock worth $1,100,000 after purchasing an additional 130 shares during the last quarter. J.P. Morgan Private Wealth Advisors LLC boosted its stake in shares of Live Nation Entertainment by 1.1% during the third quarter. J.P. Morgan Private Wealth Advisors LLC now owns 13,179 shares of the company’s stock valued at $1,094,000 after purchasing an additional 146 shares during the period. Finally, Raymond James Trust N.A. grew its holdings in shares of Live Nation Entertainment by 5.9% in the fourth quarter. Raymond James Trust N.A. now owns 2,628 shares of the company’s stock worth $246,000 after purchasing an additional 147 shares during the last quarter. 74.52% of the stock is currently owned by institutional investors.

Live Nation Entertainment Stock Up 1.5 %

Shares of NYSE:LYV traded up $1.34 during trading on Friday, reaching $89.83. The stock had a trading volume of 1,785,137 shares, compared to its average volume of 2,274,432. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 9.30. The company has a market capitalization of $20.73 billion, a P/E ratio of 67.54 and a beta of 1.30. The firm’s 50-day simple moving average is $98.87 and its 200 day simple moving average is $91.52. Live Nation Entertainment, Inc. has a one year low of $65.20 and a one year high of $107.24.

Live Nation Entertainment (NYSE:LYV) last issued its quarterly earnings results on Thursday, February 22nd. The company reported ($1.22) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.13) by ($0.09). Live Nation Entertainment had a return on equity of 118.42% and a net margin of 2.48%. The business had revenue of $5.84 billion for the quarter, compared to analysts’ expectations of $4.72 billion. As a group, research analysts expect that Live Nation Entertainment, Inc. will post 1.62 EPS for the current fiscal year.

Insider Activity

In other Live Nation Entertainment news, Director Jeffrey T. Hinson sold 1,001 shares of Live Nation Entertainment stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $100.50, for a total transaction of $100,600.50. Following the completion of the sale, the director now owns 59,374 shares of the company’s stock, valued at approximately $5,967,087. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.85% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on LYV. Morgan Stanley upped their target price on shares of Live Nation Entertainment from $110.00 to $120.00 and gave the stock an “overweight” rating in a research note on Friday, February 23rd. Oppenheimer raised their price objective on Live Nation Entertainment from $105.00 to $115.00 and gave the stock an “outperform” rating in a report on Wednesday, February 21st. Roth Capital upgraded Live Nation Entertainment from a “neutral” rating to a “buy” rating in a report on Thursday, January 11th. JPMorgan Chase & Co. lifted their price objective on Live Nation Entertainment from $124.00 to $126.00 and gave the company an “overweight” rating in a report on Friday, February 23rd. Finally, TD Cowen reiterated a “buy” rating and set a $108.00 target price on shares of Live Nation Entertainment in a report on Tuesday, April 16th. One analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, Live Nation Entertainment currently has a consensus rating of “Moderate Buy” and an average target price of $116.30.

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.