Live Nation Entertainment, Inc. (NYSE:LYV) Shares Sold by Amalgamated Bank

Amalgamated Bank lessened its stake in Live Nation Entertainment, Inc. (NYSE:LYV) by 1.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 32,628 shares of the company’s stock after selling 427 shares during the period. Amalgamated Bank’s holdings in Live Nation Entertainment were worth $4,225,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brooklyn Investment Group acquired a new stake in shares of Live Nation Entertainment in the third quarter valued at $31,000. World Investment Advisors LLC purchased a new position in Live Nation Entertainment during the 3rd quarter valued at about $38,000. Reston Wealth Management LLC acquired a new position in Live Nation Entertainment in the 3rd quarter valued at about $41,000. Morse Asset Management Inc purchased a new stake in Live Nation Entertainment during the third quarter worth about $42,000. Finally, Golden State Wealth Management LLC acquired a new stake in shares of Live Nation Entertainment during the fourth quarter worth about $42,000. Hedge funds and other institutional investors own 74.52% of the company’s stock.

Live Nation Entertainment Stock Up 1.7 %

LYV stock opened at $143.35 on Friday. The stock has a market cap of $33.31 billion, a P/E ratio of 52.70, a PEG ratio of 1.81 and a beta of 1.38. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 6.10. Live Nation Entertainment, Inc. has a twelve month low of $86.81 and a twelve month high of $157.75. The company’s 50 day moving average is $140.25 and its two-hundred day moving average is $124.17.

Live Nation Entertainment (NYSE:LYV) last announced its quarterly earnings results on Thursday, February 27th. The company reported $0.56 EPS for the quarter, topping the consensus estimate of ($0.93) by $1.49. Live Nation Entertainment had a net margin of 3.90% and a return on equity of 139.09%. The firm had revenue of $5.68 billion for the quarter, compared to analyst estimates of $5.67 billion. Research analysts expect that Live Nation Entertainment, Inc. will post 2.38 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently weighed in on LYV. Oppenheimer lifted their price objective on shares of Live Nation Entertainment from $120.00 to $155.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. Roth Mkm upped their price objective on Live Nation Entertainment from $152.00 to $174.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. The Goldman Sachs Group increased their price objective on Live Nation Entertainment from $148.00 to $166.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. JPMorgan Chase & Co. boosted their target price on Live Nation Entertainment from $150.00 to $170.00 and gave the stock an “overweight” rating in a research note on Friday, February 21st. Finally, StockNews.com raised Live Nation Entertainment from a “sell” rating to a “hold” rating in a research report on Wednesday, November 20th. Two research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat, Live Nation Entertainment currently has an average rating of “Moderate Buy” and a consensus target price of $156.00.

Insider Activity

In other Live Nation Entertainment news, EVP Michael Rowles sold 63,136 shares of Live Nation Entertainment stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $155.40, for a total transaction of $9,811,334.40. Following the transaction, the executive vice president now owns 195,346 shares of the company’s stock, valued at $30,356,768.40. The trade was a 24.43 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 2.72% of the company’s stock.

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.