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

Bank of New Hampshire purchased a new position in Live Nation Entertainment, Inc. (NYSE:LYV) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 18,540 shares of the company’s stock, valued at approximately $1,735,000.

Other large investors have also bought and sold shares of the company. Creative Financial Designs Inc. ADV increased its stake in Live Nation Entertainment by 148.1% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 335 shares of the company’s stock worth $31,000 after purchasing an additional 200 shares during the period. Raleigh Capital Management Inc. purchased a new position in Live Nation Entertainment in the 3rd quarter worth approximately $33,000. Cary Street Partners Investment Advisory LLC increased its stake in Live Nation Entertainment by 9,800.0% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 495 shares of the company’s stock worth $41,000 after purchasing an additional 490 shares during the period. Tobam bought a new stake in shares of Live Nation Entertainment in the 4th quarter worth approximately $59,000. Finally, Signaturefd LLC grew its position in shares of Live Nation Entertainment by 41.0% in the 4th quarter. Signaturefd LLC now owns 1,045 shares of the company’s stock worth $98,000 after buying an additional 304 shares during the last quarter. 74.52% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on LYV. TD Cowen reiterated a “buy” rating and issued a $108.00 price objective on shares of Live Nation Entertainment in a research report on Tuesday, April 16th. Oppenheimer lifted their price objective on Live Nation Entertainment from $105.00 to $115.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 21st. Rosenblatt Securities dropped their price target on Live Nation Entertainment from $124.00 to $119.00 and set a “buy” rating on the stock in a research report on Thursday, April 11th. JPMorgan Chase & Co. lifted their price target on Live Nation Entertainment from $124.00 to $126.00 and gave the company an “overweight” rating in a research report on Friday, February 23rd. Finally, Roth Mkm restated a “buy” rating and set a $120.00 price target on shares of Live Nation Entertainment in a research report on Tuesday. One analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, Live Nation Entertainment has an average rating of “Moderate Buy” and an average target price of $116.30.

Live Nation Entertainment Stock Up 0.5 %

NYSE:LYV traded up $0.43 during trading hours on Friday, reaching $88.92. 663,367 shares of the company traded hands, compared to its average volume of 2,258,650. The business’s 50-day moving average price is $98.94 and its two-hundred day moving average price is $91.50. The stock has a market capitalization of $20.52 billion, a P/E ratio of 66.53 and a beta of 1.30. Live Nation Entertainment, Inc. has a 1 year low of $65.20 and a 1 year high of $107.24. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 9.30.

Live Nation Entertainment (NYSE:LYV) last announced 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). The company had revenue of $5.84 billion for the quarter, compared to analysts’ expectations of $4.72 billion. Live Nation Entertainment had a net margin of 2.48% and a return on equity of 118.42%. Analysts predict that Live Nation Entertainment, Inc. will post 1.62 earnings per share for the current year.

Insider Transactions at Live Nation Entertainment

In other news, Director Jeffrey T. Hinson sold 1,001 shares of the business’s stock in a transaction on Friday, March 8th. The stock was sold at an average price of $100.50, for a total value of $100,600.50. Following the completion of the transaction, the director now owns 59,374 shares in the company, valued at $5,967,087. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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.