Bank of New Hampshire Has $2.29 Million Stake in Live Nation Entertainment, Inc. (NYSE:LYV)

Bank of New Hampshire reduced its stake in Live Nation Entertainment, Inc. (NYSE:LYV) by 1.4% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 20,929 shares of the company’s stock after selling 288 shares during the quarter. Bank of New Hampshire’s holdings in Live Nation Entertainment were worth $2,292,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. GAMMA Investing LLC increased its position in Live Nation Entertainment by 35.1% in the 3rd quarter. GAMMA Investing LLC now owns 2,469 shares of the company’s stock worth $270,000 after buying an additional 641 shares during the period. Czech National Bank boosted its stake in Live Nation Entertainment by 17.5% in the third quarter. Czech National Bank now owns 31,904 shares of the company’s stock worth $3,493,000 after purchasing an additional 4,761 shares in the last quarter. American National Bank & Trust acquired a new position in Live Nation Entertainment in the third quarter worth $50,000. Sanctuary Advisors LLC acquired a new position in shares of Live Nation Entertainment during the second quarter valued at $4,999,000. Finally, Coronation Fund Managers Ltd. lifted its stake in shares of Live Nation Entertainment by 48.3% during the second quarter. Coronation Fund Managers Ltd. now owns 51,187 shares of the company’s stock valued at $4,798,000 after acquiring an additional 16,668 shares during the period. 74.52% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently commented on LYV. Bank of America started coverage on Live Nation Entertainment in a report on Wednesday, September 4th. They issued a “buy” rating and a $125.00 price objective for the company. Deutsche Bank Aktiengesellschaft increased their price target on Live Nation Entertainment from $121.00 to $122.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. JPMorgan Chase & Co. increased their price target on Live Nation Entertainment from $116.00 to $118.00 and gave the stock an “overweight” rating in a report on Wednesday, July 31st. Benchmark restated a “buy” rating and issued a $132.00 price target on shares of Live Nation Entertainment in a report on Tuesday, September 10th. Finally, Macquarie reiterated an “outperform” rating and set a $125.00 price objective on shares of Live Nation Entertainment in a report on Wednesday, July 31st. One equities research analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $119.46.

Live Nation Entertainment Stock Down 0.0 %

NYSE LYV traded down $0.05 during trading hours on Monday, hitting $110.82. 1,290,965 shares of the company traded hands, compared to its average volume of 2,136,051. The business’s 50-day moving average is $98.36 and its 200-day moving average is $96.54. Live Nation Entertainment, Inc. has a twelve month low of $76.48 and a twelve month high of $112.00. The company has a debt-to-equity ratio of 9.22, a quick ratio of 0.92 and a current ratio of 0.92. The stock has a market capitalization of $25.46 billion, a price-to-earnings ratio of 105.59, a P/E/G ratio of 2.46 and a beta of 1.35.

Live Nation Entertainment (NYSE:LYV) last issued its quarterly earnings results on Tuesday, July 30th. The company reported $1.03 EPS for the quarter, missing the consensus estimate 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 company had revenue of $6.02 billion for the quarter, compared to analyst estimates of $6.02 billion. During the same period last year, the company posted $1.02 earnings per share. The business’s revenue for the quarter was up 7.0% on a year-over-year basis. Sell-side analysts anticipate that Live Nation Entertainment, Inc. will post 1.21 earnings per share for the current year.

Insider Activity

In other news, CEO Michael Rapino sold 98,849 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $97.50, for a total value of $9,637,777.50. Following the completion of the sale, the chief executive officer now directly owns 3,702,115 shares of the company’s stock, valued at $360,956,212.50. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. In other news, Director Ping Fu sold 1,701 shares of the firm’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $96.56, for a total value of $164,248.56. Following the completion of the sale, the director now directly owns 15,128 shares of the company’s stock, valued at $1,460,759.68. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Michael Rapino sold 98,849 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $97.50, for a total value of $9,637,777.50. Following the completion of the sale, the chief executive officer now directly owns 3,702,115 shares of the company’s stock, valued at approximately $360,956,212.50. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 177,000 shares of company stock valued at $17,238,181 over the last three months. Insiders own 2.85% of the company’s stock.

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.