Captrust Financial Advisors Increases Stake in Live Nation Entertainment, Inc. (NYSE:LYV)

Captrust Financial Advisors grew its position in Live Nation Entertainment, Inc. (NYSE:LYV - Free Report) by 229.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 31,742 shares of the company's stock after acquiring an additional 22,096 shares during the period. Captrust Financial Advisors' holdings in Live Nation Entertainment were worth $4,111,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in LYV. Caxton Associates LP purchased a new position in shares of Live Nation Entertainment during the 4th quarter worth approximately $1,663,000. Bain Capital Public Equity Management II LLC acquired a new stake in Live Nation Entertainment in the fourth quarter valued at $21,843,000. Bain Capital Public Equity LP purchased a new stake in shares of Live Nation Entertainment during the 4th quarter worth $3,544,000. Baird Financial Group Inc. purchased a new position in shares of Live Nation Entertainment in the 4th quarter valued at about $345,000. Finally, Bamco Inc. NY acquired a new stake in shares of Live Nation Entertainment in the fourth quarter valued at about $25,252,000. 74.52% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Rosenblatt Securities dropped their target price on shares of Live Nation Entertainment from $174.00 to $170.00 and set a "buy" rating for the company in a report on Friday, May 2nd. Susquehanna initiated coverage on Live Nation Entertainment in a report on Monday, April 28th. They set a "positive" rating and a $155.00 price objective for the company. JPMorgan Chase & Co. upped their target price on Live Nation Entertainment from $150.00 to $170.00 and gave the company an "overweight" rating in a report on Friday, February 21st. Macquarie lifted their price target on Live Nation Entertainment from $146.00 to $165.00 and gave the stock an "outperform" rating in a research note on Thursday, March 6th. Finally, Morgan Stanley increased their price objective on shares of Live Nation Entertainment from $150.00 to $170.00 and gave the company an "overweight" rating in a research note on Tuesday, February 18th. Two research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $162.07.

Insider Buying and Selling at Live Nation Entertainment

In other Live Nation Entertainment news, Director Jeffrey T. Hinson sold 500 shares of the firm's stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $122.95, for a total value of $61,475.00. Following the transaction, the director now directly owns 52,624 shares of the company's stock, valued at $6,470,120.80. This trade represents a 0.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Michael Rowles sold 63,136 shares of the business's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $155.40, for a total value of $9,811,334.40. Following the transaction, the executive vice president now owns 195,346 shares in the company, valued at approximately $30,356,768.40. This represents a 24.43 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 68,702 shares of company stock valued at $10,497,143. Company insiders own 3.01% of the company's stock.

Live Nation Entertainment Trading Up 1.4 %

NYSE LYV opened at $136.62 on Friday. The company has a market cap of $31.66 billion, a P/E ratio of 50.23, a P/E/G ratio of 1.81 and a beta of 1.47. Live Nation Entertainment, Inc. has a 12 month low of $86.81 and a 12 month high of $157.75. 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 company has a 50-day moving average of $127.81 and a 200-day moving average of $132.95.

Live Nation Entertainment (NYSE:LYV - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The company reported ($0.32) earnings per share for the quarter, missing analysts' consensus estimates of ($0.03) by ($0.29). Live Nation Entertainment had a return on equity of 139.09% and a net margin of 3.90%. The company had revenue of $3.38 billion for the quarter, compared to analysts' expectations of $3.63 billion. During the same period in the prior year, the business earned $0.60 EPS. The business's revenue for the quarter was down 11.0% on a year-over-year basis. As a group, equities analysts predict that Live Nation Entertainment, Inc. will post 2.38 earnings per share for the current year.

About Live Nation Entertainment

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.

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