Atria Wealth Solutions Inc. Makes New Investment in Live Nation Entertainment, Inc. (NYSE:LYV)

Atria Wealth Solutions Inc. acquired a new position in shares of Live Nation Entertainment, Inc. (NYSE:LYV) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 1,747 shares of the company’s stock, valued at approximately $226,000.

Other large investors also recently bought and sold shares of the company. Brooklyn Investment Group purchased a new stake in Live Nation Entertainment during the 3rd quarter worth approximately $31,000. Golden State Wealth Management LLC acquired a new position in shares of Live Nation Entertainment during the 4th quarter worth approximately $42,000. Retirement Wealth Solutions LLC acquired a new position in shares of Live Nation Entertainment during the 4th quarter worth approximately $44,000. Independence Bank of Kentucky acquired a new position in shares of Live Nation Entertainment during the 4th quarter worth approximately $45,000. Finally, Reston Wealth Management LLC acquired a new position in shares of Live Nation Entertainment during the 3rd quarter worth approximately $41,000. 74.52% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Live Nation Entertainment

In other news, EVP Michael Rowles sold 63,136 shares of the company’s stock in a transaction 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 sale, the executive vice president now owns 195,346 shares of the company’s stock, valued at approximately $30,356,768.40. This represents a 24.43 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 2.72% of the company’s stock.

Live Nation Entertainment Stock Up 1.7 %

NYSE:LYV opened at $143.35 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 6.10. The stock’s fifty day moving average is $140.25 and its two-hundred day moving average is $124.39. Live Nation Entertainment, Inc. has a 52 week low of $86.81 and a 52 week high of $157.75. The stock has a market capitalization of $33.46 billion, a price-to-earnings ratio of 52.70, a price-to-earnings-growth ratio of 1.81 and a beta of 1.38.

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

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. 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 report on Friday, February 21st. Rosenblatt Securities restated a “buy” rating and set a $146.00 target price on shares of Live Nation Entertainment in a report on Tuesday, February 18th. Citigroup upped their price objective on Live Nation Entertainment from $130.00 to $163.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. StockNews.com upgraded Live Nation Entertainment from a “sell” rating to a “hold” rating in a report on Wednesday, November 20th. Finally, Macquarie upped their price objective on Live Nation Entertainment from $130.00 to $146.00 and gave the company an “outperform” rating in a report on Friday, November 15th. Two analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $156.00.

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.