Capital Investment Counsel Inc Purchases 500 Shares of Live Nation Entertainment, Inc. (NYSE:LYV)

Capital Investment Counsel Inc increased its position in shares of Live Nation Entertainment, Inc. (NYSE:LYV) by 12.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,595 shares of the company’s stock after buying an additional 500 shares during the quarter. Capital Investment Counsel Inc’s holdings in Live Nation Entertainment were worth $430,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of LYV. Creative Financial Designs Inc. ADV boosted its position in 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 purchasing an additional 200 shares during the last quarter. Raleigh Capital Management Inc. acquired a new position in Live Nation Entertainment during the third quarter valued at approximately $33,000. Cary Street Partners Investment Advisory LLC boosted its position in Live Nation Entertainment by 9,800.0% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 495 shares of the company’s stock valued at $41,000 after purchasing an additional 490 shares during the last quarter. Tobam acquired a new position in Live Nation Entertainment during the fourth quarter valued at approximately $59,000. Finally, Headlands Technologies LLC acquired a new position in Live Nation Entertainment during the third quarter valued at approximately $88,000. 74.52% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Live Nation Entertainment news, Director Jeffrey T. Hinson sold 1,001 shares of the firm’s stock in a transaction on Friday, March 8th. The stock was sold at an average price of $100.50, for a total transaction of $100,600.50. Following the transaction, the director now owns 59,374 shares in the company, valued at approximately $5,967,087. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 2.85% of the company’s stock.

Live Nation Entertainment Stock Performance

NYSE:LYV opened at $90.54 on Tuesday. The stock has a 50 day simple moving average of $98.82 and a 200 day simple moving average of $91.62. Live Nation Entertainment, Inc. has a 1-year low of $66.38 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. The stock has a market cap of $20.90 billion, a P/E ratio of 68.08 and a beta of 1.30.

Live Nation Entertainment (NYSE:LYV) last posted its quarterly earnings data on Thursday, February 22nd. The company reported ($1.22) 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 company had revenue of $5.84 billion for the quarter, compared to the consensus estimate of $4.72 billion. Research analysts anticipate that Live Nation Entertainment, Inc. will post 1.62 earnings per share for the current year.

Analyst Ratings Changes

LYV has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. raised their price objective 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. TD Cowen reaffirmed a “buy” rating and issued a $108.00 price objective on shares of Live Nation Entertainment in a research report on Tuesday, April 16th. Morgan Stanley raised their price objective on Live Nation Entertainment from $110.00 to $120.00 and gave the company an “overweight” rating in a research report on Friday, February 23rd. Oppenheimer raised their price objective 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. Finally, Roth Capital raised Live Nation Entertainment from a “neutral” rating to a “buy” rating in a research report on Thursday, January 11th. One investment analyst has rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, Live Nation Entertainment has an average rating of “Moderate Buy” and an average price target 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.