Fulton Bank N.A. Buys 816 Shares of Live Nation Entertainment, Inc. (NYSE:LYV)

Fulton Bank N.A. lifted its position in shares of Live Nation Entertainment, Inc. (NYSE:LYV) by 12.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,163 shares of the company’s stock after acquiring an additional 816 shares during the quarter. Fulton Bank N.A.’s holdings in Live Nation Entertainment were worth $928,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of LYV. Select Equity Group L.P. boosted its stake in shares of Live Nation Entertainment by 12.3% during the second quarter. Select Equity Group L.P. now owns 12,940,613 shares of the company’s stock valued at $1,213,053,000 after purchasing an additional 1,415,173 shares in the last quarter. D1 Capital Partners L.P. boosted its position in 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 worth $332,171,000 after buying an additional 1,093,000 shares during the period. ValueAct Holdings L.P. bought a new stake in Live Nation Entertainment during the 3rd quarter worth approximately $111,094,000. PointState Capital LP acquired a new position in Live Nation Entertainment in the 3rd quarter valued at approximately $102,762,000. Finally, Vulcan Value Partners LLC lifted its holdings in shares of Live Nation Entertainment by 46.5% during the second quarter. Vulcan Value Partners LLC now owns 2,694,463 shares of the company’s stock worth $252,663,000 after purchasing an additional 855,197 shares during the period. Institutional investors own 74.52% of the company’s stock.

Live Nation Entertainment Stock Performance

Shares of Live Nation Entertainment stock opened at $130.19 on Thursday. The business has a 50-day simple moving average of $131.89 and a 200 day simple moving average of $111.49. The firm has a market capitalization of $30.25 billion, a price-to-earnings ratio of 138.50, a PEG ratio of 3.68 and a beta of 1.38. The company has a debt-to-equity ratio of 6.10, a current ratio of 1.01 and a quick ratio of 1.01. Live Nation Entertainment, Inc. has a one year low of $86.67 and a one year high of $141.18.

Live Nation Entertainment (NYSE:LYV) last issued its earnings results on Monday, November 11th. The company reported $1.66 earnings per share for the quarter, topping analysts’ consensus estimates of $1.58 by $0.08. The company had revenue of $7.65 billion for the quarter, compared to analyst estimates 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 revenue for the quarter was down 6.2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.78 earnings per share. On average, research analysts anticipate that Live Nation Entertainment, Inc. will post 1.04 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently weighed in on LYV shares. TD Cowen increased their price objective on Live Nation Entertainment from $108.00 to $145.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. JPMorgan Chase & Co. raised their price objective on Live Nation Entertainment from $137.00 to $150.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. Benchmark increased their target price on shares of Live Nation Entertainment from $144.00 to $160.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. Oppenheimer boosted their price target on shares of Live Nation Entertainment from $120.00 to $155.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. Finally, StockNews.com upgraded shares of Live Nation Entertainment from a “sell” rating to a “hold” rating in a research report on Wednesday, November 20th. Two analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $145.40.

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.