Fulton Bank N.A. Increases Stock Position in Live Nation Entertainment, Inc. (NYSE:LYV)

Fulton Bank N.A. boosted its position in Live Nation Entertainment, Inc. (NYSE:LYV) by 13.0% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 6,364 shares of the company’s stock after purchasing an additional 730 shares during the quarter. Fulton Bank N.A.’s holdings in Live Nation Entertainment were worth $597,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of LYV. YHB Investment Advisors Inc. purchased a new position in Live Nation Entertainment during the 1st quarter valued at about $32,000. Rise Advisors LLC grew its stake in shares of Live Nation Entertainment by 90.3% in the first quarter. Rise Advisors LLC now owns 335 shares of the company’s stock worth $35,000 after acquiring an additional 159 shares during the period. Lindbrook Capital LLC grew its stake in shares of Live Nation Entertainment by 44.1% in the first quarter. Lindbrook Capital LLC now owns 389 shares of the company’s stock worth $41,000 after acquiring an additional 119 shares during the period. Tobam bought a new stake in shares of Live Nation Entertainment in the fourth quarter worth approximately $59,000. Finally, SOA Wealth Advisors LLC. grew its position in Live Nation Entertainment by 238.1% during the first quarter. SOA Wealth Advisors LLC. now owns 852 shares of the company’s stock valued at $90,000 after buying an additional 600 shares during the period. 74.52% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on LYV. Oppenheimer restated an “outperform” rating and set a $110.00 target price on shares of Live Nation Entertainment in a research report on Tuesday, June 25th. Benchmark reissued a “buy” rating and issued a $132.00 target price on shares of Live Nation Entertainment in a report on Wednesday, July 31st. Redburn Atlantic raised shares of Live Nation Entertainment from a “neutral” rating to a “buy” rating and upped their price target for the company from $114.00 to $115.00 in a research note on Thursday, May 9th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Live Nation Entertainment from $121.00 to $122.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Finally, Rosenblatt Securities upped their price objective on shares of Live Nation Entertainment from $122.00 to $123.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Two investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $118.17.

Live Nation Entertainment Price Performance

Live Nation Entertainment stock traded down $0.06 during trading on Wednesday, reaching $89.94. The company had a trading volume of 780,685 shares, compared to its average volume of 2,213,781. The firm’s 50-day simple moving average is $93.21 and its 200 day simple moving average is $94.99. Live Nation Entertainment, Inc. has a 1-year low of $76.48 and a 1-year high of $107.24. The firm has a market capitalization of $20.66 billion, a PE ratio of 85.73, a price-to-earnings-growth ratio of 2.18 and a beta of 1.34. The company has a debt-to-equity ratio of 9.22, a quick ratio of 0.92 and a current ratio of 0.92.

Live Nation Entertainment (NYSE:LYV) last issued its quarterly earnings data on Tuesday, July 30th. The company reported $1.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.03). The business had revenue of $6.02 billion for the quarter, compared to analyst estimates of $6.02 billion. Live Nation Entertainment had a return on equity of 84.78% and a net margin of 2.20%. The firm’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period in the previous year, the business posted $1.02 earnings per share. As a group, equities research analysts anticipate that Live Nation Entertainment, Inc. will post 1.21 earnings per share for the current fiscal year.

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.