Fidelis Capital Partners LLC Has $284,000 Stock Holdings in Live Nation Entertainment, Inc. (NYSE:LYV)

Fidelis Capital Partners LLC boosted its position in shares of Live Nation Entertainment, Inc. (NYSE:LYV) by 21.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,038 shares of the company’s stock after buying an additional 536 shares during the quarter. Fidelis Capital Partners LLC’s holdings in Live Nation Entertainment were worth $284,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. DekaBank Deutsche Girozentrale raised its position in shares of Live Nation Entertainment by 0.4% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 27,819 shares of the company’s stock valued at $2,324,000 after acquiring an additional 117 shares during the last quarter. Hohimer Wealth Management LLC raised its position in shares of Live Nation Entertainment by 1.1% during the 3rd quarter. Hohimer Wealth Management LLC now owns 11,512 shares of the company’s stock valued at $956,000 after acquiring an additional 123 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in shares of Live Nation Entertainment by 1.0% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 13,252 shares of the company’s stock valued at $1,100,000 after acquiring an additional 130 shares during the last quarter. Raymond James Trust N.A. raised its position in shares of Live Nation Entertainment by 4.3% during the 1st quarter. Raymond James Trust N.A. now owns 3,139 shares of the company’s stock valued at $369,000 after acquiring an additional 130 shares during the last quarter. Finally, Industrial Alliance Investment Management Inc. raised its position in shares of Live Nation Entertainment by 21.5% during the 1st quarter. Industrial Alliance Investment Management Inc. now owns 746 shares of the company’s stock valued at $88,000 after acquiring an additional 132 shares during the last quarter. Institutional investors and hedge funds own 74.52% of the company’s stock.

Insider Transactions at Live Nation Entertainment

In other news, Director Jeffrey T. Hinson sold 1,001 shares of the stock in a transaction dated 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 transaction, the director now directly owns 59,374 shares in the company, valued at approximately $5,967,087. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 2.85% of the company’s stock.

Wall Street Analyst Weigh In

LYV has been the subject of several recent research reports. TD Cowen reiterated a “buy” rating and set a $108.00 target price on shares of Live Nation Entertainment in a research report on Tuesday. Roth Capital upgraded shares of Live Nation Entertainment from a “neutral” rating to a “buy” rating in a research report on Thursday, January 11th. Roth Mkm upgraded shares of Live Nation Entertainment from a “neutral” rating to a “buy” rating and upped their price objective for the company from $92.00 to $114.00 in a research report on Friday, January 12th. JPMorgan Chase & Co. upped their price objective on shares of 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, Oppenheimer upped their price objective on shares of Live Nation Entertainment from $105.00 to $115.00 and gave the company an “outperform” rating in a research report on Wednesday, February 21st. One investment analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, Live Nation Entertainment has an average rating of “Moderate Buy” and a consensus price target of $115.70.

Live Nation Entertainment Trading Up 0.4 %

Live Nation Entertainment stock opened at $89.98 on Friday. The firm has a 50-day moving average of $99.01 and a 200-day moving average of $91.39. Live Nation Entertainment, Inc. has a one year low of $64.96 and a one year high of $107.24. 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 market cap of $20.77 billion, a price-to-earnings ratio of 67.65 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 business had revenue of $5.84 billion for the quarter, compared to analyst estimates of $4.72 billion. On average, equities analysts expect that Live Nation Entertainment, Inc. will post 1.63 earnings per share for the current fiscal year.

About Live Nation Entertainment

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.