Bank of New Hampshire Invests $1.74 Million in Live Nation Entertainment, Inc. (NYSE:LYV)

Bank of New Hampshire bought a new stake in Live Nation Entertainment, Inc. (NYSE:LYV - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 18,540 shares of the company's stock, valued at approximately $1,735,000.

A number of other institutional investors and hedge funds have also bought and sold shares of LYV. Creative Financial Designs Inc. ADV raised its stake in shares of Live Nation Entertainment by 148.1% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 335 shares of the company's stock valued at $31,000 after acquiring an additional 200 shares during the last quarter. Raleigh Capital Management Inc. purchased a new position in shares of Live Nation Entertainment in the third quarter worth $33,000. Cary Street Partners Investment Advisory LLC lifted its holdings in shares of Live Nation Entertainment by 9,800.0% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 495 shares of the company's stock worth $41,000 after buying an additional 490 shares in the last quarter. Tobam bought a new stake in Live Nation Entertainment in the fourth quarter worth $59,000. Finally, Headlands Technologies LLC bought a new position in Live Nation Entertainment during the third quarter valued at $88,000. Institutional investors and hedge funds own 74.52% of the company's stock.

Live Nation Entertainment Stock Up 1.5 %

Shares of LYV stock traded up $1.34 on Friday, reaching $89.83. 1,785,137 shares of the company were exchanged, compared to its average volume of 2,274,432. The company has a market cap of $20.73 billion, a price-to-earnings ratio of 67.54 and a beta of 1.30. The company has a debt-to-equity ratio of 9.30, a current ratio of 0.96 and a quick ratio of 0.96. The company has a 50-day moving average of $98.87 and a 200-day moving average of $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 - Get Free Report) last issued its quarterly earnings data on Thursday, February 22nd. The company reported ($1.22) earnings per share (EPS) 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 during the quarter, compared to analysts' expectations of $4.72 billion. Analysts anticipate that Live Nation Entertainment, Inc. will post 1.62 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently commented on LYV. Roth Mkm reaffirmed a "buy" rating and issued a $120.00 price objective on shares of Live Nation Entertainment in a research report on Tuesday. Oppenheimer lifted their price target on Live Nation Entertainment from $105.00 to $115.00 and gave the stock an "outperform" rating in a report on Wednesday, February 21st. JPMorgan Chase & Co. raised their price objective on Live Nation Entertainment from $124.00 to $126.00 and gave the stock an "overweight" rating in a research report on Friday, February 23rd. Rosenblatt Securities dropped their target price on Live Nation Entertainment from $124.00 to $119.00 and set a "buy" rating for the company in a research report on Thursday, April 11th. Finally, TD Cowen reissued a "buy" rating and set a $108.00 price objective on shares of Live Nation Entertainment in a research report on Tuesday, April 16th. One research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $116.30.

Insider Activity

In other news, Director Jeffrey T. Hinson sold 1,001 shares of the business's stock in a transaction on Friday, March 8th. The shares were 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 available at this hyperlink. Company insiders own 2.85% of the company's stock.

Live Nation Entertainment Company 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.