Bank of New Hampshire Has $2.60 Million Position in Live Nation Entertainment, Inc. (NYSE:LYV)

Bank of New Hampshire reduced its position in shares of Live Nation Entertainment, Inc. (NYSE:LYV) by 4.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 20,055 shares of the company’s stock after selling 874 shares during the quarter. Bank of New Hampshire’s holdings in Live Nation Entertainment were worth $2,597,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Select Equity Group L.P. grew its holdings in shares of Live Nation Entertainment by 12.3% during the 2nd quarter. Select Equity Group L.P. now owns 12,940,613 shares of the company’s stock valued at $1,213,053,000 after acquiring an additional 1,415,173 shares in the last quarter. Canada Pension Plan Investment Board grew its holdings in shares of Live Nation Entertainment by 1.8% during the 2nd quarter. Canada Pension Plan Investment Board now owns 8,722,620 shares of the company’s stock valued at $817,658,000 after acquiring an additional 155,920 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of Live Nation Entertainment by 1.2% during the 3rd quarter. Principal Financial Group Inc. now owns 7,196,551 shares of the company’s stock valued at $787,950,000 after acquiring an additional 87,032 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Live Nation Entertainment by 9.4% during the 3rd quarter. Geode Capital Management LLC now owns 3,763,557 shares of the company’s stock valued at $410,664,000 after acquiring an additional 321,832 shares in the last quarter. Finally, D1 Capital Partners L.P. grew its holdings in shares of Live Nation Entertainment by 44.6% during the 2nd quarter. D1 Capital Partners L.P. now owns 3,543,532 shares of the company’s stock valued at $332,171,000 after acquiring an additional 1,093,000 shares in the last quarter. 74.52% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

LYV has been the subject of a number of recent research reports. Evercore ISI upped their price objective on shares of Live Nation Entertainment from $110.00 to $150.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Live Nation Entertainment from $130.00 to $150.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Oppenheimer upped their price objective on shares of Live Nation Entertainment from $120.00 to $155.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. JPMorgan Chase & Co. upped their price objective on shares of Live Nation Entertainment from $137.00 to $150.00 and gave the stock an “overweight” rating in a report on Thursday, December 12th. Finally, Bank of America upped their price objective on shares of Live Nation Entertainment from $125.00 to $149.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Two research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $145.40.

Live Nation Entertainment Stock Performance

Shares of LYV stock traded down $0.58 during mid-day trading on Tuesday, reaching $128.69. The stock had a trading volume of 87,837 shares, compared to its average volume of 1,211,178. Live Nation Entertainment, Inc. has a one year low of $86.67 and a one year high of $141.18. The firm has a market cap of $29.90 billion, a PE ratio of 136.90, a P/E/G ratio of 3.68 and a beta of 1.38. The firm’s 50 day simple moving average is $131.42 and its 200 day simple moving average is $111.10. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 6.10.

Live Nation Entertainment (NYSE:LYV) last issued its earnings results on Monday, November 11th. The company reported $1.66 EPS for the quarter, topping the consensus estimate of $1.58 by $0.08. The firm had revenue of $7.65 billion during the quarter, compared to analysts’ expectations of $7.75 billion. Live Nation Entertainment had a return on equity of 77.62% and a net margin of 2.11%. Live Nation Entertainment’s quarterly revenue was down 6.2% compared to the same quarter last year. During the same period last year, the business earned $1.78 earnings per share. On average, analysts forecast that Live Nation Entertainment, Inc. will post 1.04 EPS for the current year.

Live Nation Entertainment 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.