Fulton Bank N.A. Acquires 730 Shares of Live Nation Entertainment, Inc. (NYSE:LYV)

Fulton Bank N.A. increased its position in Live Nation Entertainment, Inc. (NYSE:LYV) by 13.0% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 6,364 shares of the company’s stock after buying an additional 730 shares during the period. Fulton Bank N.A.’s holdings in Live Nation Entertainment were worth $597,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Raymond James & Associates boosted its stake in Live Nation Entertainment by 4.4% in the fourth quarter. Raymond James & Associates now owns 86,784 shares of the company’s stock valued at $8,123,000 after acquiring an additional 3,676 shares in the last quarter. Arizona State Retirement System grew its position in shares of Live Nation Entertainment by 0.9% in the fourth quarter. Arizona State Retirement System now owns 44,279 shares of the company’s stock valued at $4,145,000 after purchasing an additional 375 shares during the period. Chevy Chase Trust Holdings LLC boosted its position in Live Nation Entertainment by 1.2% during the fourth quarter. Chevy Chase Trust Holdings LLC now owns 80,665 shares of the company’s stock worth $7,550,000 after acquiring an additional 969 shares during the last quarter. International Assets Investment Management LLC acquired a new position in Live Nation Entertainment during the fourth quarter worth about $788,000. Finally, Mirae Asset Global Investments Co. Ltd. boosted its holdings in Live Nation Entertainment by 77.5% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 34,198 shares of the company’s stock valued at $3,201,000 after purchasing an additional 14,928 shares during the last quarter. Institutional investors own 74.52% of the company’s stock.

Wall Street Analyst Weigh In

LYV has been the subject of several research analyst reports. Roth Mkm restated a “buy” rating and issued a $120.00 target price on shares of Live Nation Entertainment in a report on Friday, May 24th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Live Nation Entertainment from $121.00 to $122.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Rosenblatt Securities boosted their target price on shares of Live Nation Entertainment from $122.00 to $123.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Benchmark reaffirmed a “buy” rating and set a $132.00 price target on shares of Live Nation Entertainment in a research report on Wednesday, July 31st. Finally, Macquarie reissued an “outperform” rating and set a $125.00 target price on shares of Live Nation Entertainment in a research report on Wednesday, July 31st. Two research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $118.17.

Live Nation Entertainment Trading Down 0.1 %

LYV traded down $0.06 during midday trading on Wednesday, reaching $89.94. 780,685 shares of the company’s stock traded hands, compared to its average volume of 2,213,781. Live Nation Entertainment, Inc. has a 52 week low of $76.48 and a 52 week high of $107.24. The company has a debt-to-equity ratio of 9.22, a current ratio of 0.92 and a quick ratio of 0.92. The stock has a market capitalization of $20.66 billion, a price-to-earnings ratio of 85.73, a P/E/G ratio of 2.18 and a beta of 1.34. The firm has a fifty day moving average of $93.21 and a two-hundred day moving average of $94.99.

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