Tudor Investment Corp ET AL Purchases 3,800 Shares of Live Nation Entertainment, Inc. (NYSE:LYV)

Tudor Investment Corp ET AL increased its stake in shares of Live Nation Entertainment, Inc. (NYSE:LYV - Free Report) by 3.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 116,000 shares of the company's stock after acquiring an additional 3,800 shares during the period. Tudor Investment Corp ET AL's holdings in Live Nation Entertainment were worth $15,022,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in LYV. Coldstream Capital Management Inc. raised its holdings in Live Nation Entertainment by 28.5% during the fourth quarter. Coldstream Capital Management Inc. now owns 3,052 shares of the company's stock worth $395,000 after acquiring an additional 676 shares in the last quarter. Kovitz Investment Group Partners LLC acquired a new stake in shares of Live Nation Entertainment in the 4th quarter valued at approximately $339,000. Integrated Wealth Concepts LLC increased its holdings in Live Nation Entertainment by 12.6% during the fourth quarter. Integrated Wealth Concepts LLC now owns 3,234 shares of the company's stock worth $419,000 after buying an additional 362 shares during the last quarter. Adage Capital Partners GP L.L.C. raised its holdings in shares of Live Nation Entertainment by 661.9% in the 4th quarter. Adage Capital Partners GP L.L.C. now owns 16,000 shares of the company's stock valued at $2,072,000 after purchasing an additional 13,900 shares during the period. Finally, Brasada Capital Management LP lifted its stake in Live Nation Entertainment by 2.3% in the 4th quarter. Brasada Capital Management LP now owns 31,974 shares of the company's stock valued at $4,176,000 after purchasing an additional 704 shares during the last quarter. 74.52% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

LYV has been the topic of several research analyst reports. Roth Mkm dropped their price objective on Live Nation Entertainment from $174.00 to $164.00 and set a "buy" rating on the stock in a research note on Friday. Susquehanna assumed coverage on Live Nation Entertainment in a research note on Monday. They issued a "positive" rating and a $155.00 price target 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 stock an "overweight" rating in a research report on Friday, February 21st. Rosenblatt Securities dropped their price objective on shares of Live Nation Entertainment from $174.00 to $170.00 and set a "buy" rating on the stock in a research report on Friday. Finally, Morgan Stanley lifted their target price on shares of Live Nation Entertainment from $150.00 to $170.00 and gave the stock an "overweight" rating in a report on Tuesday, February 18th. Two investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat, Live Nation Entertainment presently has a consensus rating of "Moderate Buy" and an average target price of $159.13.

Insider Buying and Selling at Live Nation Entertainment

In other news, Director Jeffrey T. Hinson sold 500 shares of Live Nation Entertainment stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $122.95, for a total transaction of $61,475.00. Following the sale, the director now directly owns 52,624 shares of the company's stock, valued at approximately $6,470,120.80. This trade represents a 0.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Michael Rowles sold 63,136 shares of Live Nation Entertainment stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $155.40, for a total transaction of $9,811,334.40. Following the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 68,702 shares of company stock worth $10,497,143 over the last 90 days. Insiders own 2.72% of the company's stock.

Live Nation Entertainment Price Performance

LYV stock traded up $2.77 during mid-day trading on Friday, hitting $134.11. The stock had a trading volume of 3,356,734 shares, compared to its average volume of 2,250,619. The firm has a fifty day simple moving average of $128.60 and a 200 day simple moving average of $132.12. Live Nation Entertainment, Inc. has a 52 week low of $86.81 and a 52 week high of $157.75. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 6.10. The firm has a market capitalization of $31.30 billion, a P/E ratio of 49.31, a P/E/G ratio of 1.81 and a beta of 1.31.

Live Nation Entertainment (NYSE:LYV - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported ($0.32) earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $3.38 billion for the quarter, compared to the consensus estimate of $3.63 billion. During the same quarter in the previous year, the company earned $0.60 earnings per share. The firm's revenue for the quarter was down 11.0% on a year-over-year basis. As a group, research analysts forecast that Live Nation Entertainment, Inc. will post 2.38 EPS for the current year.

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.