Live Nation Entertainment, Inc. (NYSE:LYV) Shares Purchased by Pittenger & Anderson Inc.

Pittenger & Anderson Inc. increased its stake in shares of Live Nation Entertainment, Inc. (NYSE:LYV) by 6.0% during the 4th quarter, Holdings Channel reports. The fund owned 116,965 shares of the company’s stock after purchasing an additional 6,661 shares during the quarter. Pittenger & Anderson Inc.’s holdings in Live Nation Entertainment were worth $10,948,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of LYV. Canada Pension Plan Investment Board grew its holdings in Live Nation Entertainment by 5.1% in the third quarter. Canada Pension Plan Investment Board now owns 8,801,337 shares of the company’s stock valued at $730,863,000 after purchasing an additional 429,650 shares during the period. Principal Financial Group Inc. grew its holdings in Live Nation Entertainment by 0.5% in the third quarter. Principal Financial Group Inc. now owns 7,108,633 shares of the company’s stock valued at $590,301,000 after purchasing an additional 33,215 shares during the period. Findlay Park Partners LLP grew its holdings in Live Nation Entertainment by 55.1% in the third quarter. Findlay Park Partners LLP now owns 3,059,485 shares of the company’s stock valued at $254,060,000 after purchasing an additional 1,087,264 shares during the period. William Blair Investment Management LLC grew its holdings in Live Nation Entertainment by 5.7% in the third quarter. William Blair Investment Management LLC now owns 2,671,703 shares of the company’s stock valued at $221,858,000 after purchasing an additional 144,326 shares during the period. Finally, Jericho Capital Asset Management L.P. grew its holdings in Live Nation Entertainment by 52.8% in the third quarter. Jericho Capital Asset Management L.P. now owns 2,100,000 shares of the company’s stock valued at $174,384,000 after purchasing an additional 726,000 shares during the period. 74.52% of the stock is owned by institutional investors and hedge funds.

Live Nation Entertainment Trading Up 0.8 %

NYSE:LYV traded up $0.68 on Friday, reaching $89.17. The company’s stock had a trading volume of 769,229 shares, compared to its average volume of 2,259,774. Live Nation Entertainment, Inc. has a 12-month low of $65.20 and a 12-month high of $107.24. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 9.30. The firm has a market cap of $20.58 billion, a price-to-earnings ratio of 66.53 and a beta of 1.30. The stock has a 50 day moving average price of $98.94 and a 200 day moving average price of $91.50.

Live Nation Entertainment (NYSE:LYV) last issued its quarterly earnings data 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 net margin of 2.48% and a return on equity of 118.42%. The firm had revenue of $5.84 billion during the quarter, compared to analyst estimates of $4.72 billion. On average, equities analysts anticipate that Live Nation Entertainment, Inc. will post 1.62 EPS for the current fiscal year.

Insider Buying and Selling

In other Live Nation Entertainment news, Director Jeffrey T. Hinson sold 1,001 shares of the company’s 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 sale, the director now owns 59,374 shares in the company, valued at approximately $5,967,087. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 2.85% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms have recently weighed in on LYV. JPMorgan Chase & Co. raised their target price 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. Oppenheimer raised their target price on Live Nation Entertainment from $105.00 to $115.00 and gave the company an “outperform” rating in a research report on Wednesday, February 21st. Roth Mkm reiterated a “buy” rating and set a $120.00 price objective on shares of Live Nation Entertainment in a research report on Tuesday. TD Cowen reiterated a “buy” rating and set a $108.00 price objective on shares of Live Nation Entertainment in a research report on Tuesday, April 16th. Finally, Roth Capital upgraded Live Nation Entertainment from a “neutral” rating to a “buy” rating in a research report on Thursday, January 11th. One equities research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $116.30.

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.