Sanibel Captiva Trust Company Inc. Grows Stake in Live Nation Entertainment, Inc. (NYSE:LYV)

Sanibel Captiva Trust Company Inc. lifted its position in shares of Live Nation Entertainment, Inc. (NYSE:LYV) by 3.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 10,972 shares of the company’s stock after buying an additional 330 shares during the quarter. Sanibel Captiva Trust Company Inc.’s holdings in Live Nation Entertainment were worth $1,421,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Dimensional Fund Advisors LP lifted its holdings in shares of Live Nation Entertainment by 6.1% in the second quarter. Dimensional Fund Advisors LP now owns 894,019 shares of the company’s stock valued at $83,780,000 after purchasing an additional 51,397 shares in the last quarter. Amalgamated Bank lifted its stake in Live Nation Entertainment by 3.4% in the 2nd quarter. Amalgamated Bank now owns 31,845 shares of the company’s stock valued at $2,985,000 after buying an additional 1,038 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its holdings in Live Nation Entertainment by 11.0% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 9,059 shares of the company’s stock valued at $833,000 after buying an additional 901 shares during the last quarter. Symmetry Investments LP increased its position in Live Nation Entertainment by 207.3% during the second quarter. Symmetry Investments LP now owns 46,089 shares of the company’s stock worth $4,320,000 after buying an additional 31,089 shares in the last quarter. Finally, Profund Advisors LLC raised its holdings in shares of Live Nation Entertainment by 17.8% in the second quarter. Profund Advisors LLC now owns 4,768 shares of the company’s stock worth $447,000 after acquiring an additional 720 shares during the last quarter. 74.52% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently commented on LYV shares. Bank of America lifted their price objective on Live Nation Entertainment from $125.00 to $149.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Macquarie boosted their price objective on shares of Live Nation Entertainment from $130.00 to $146.00 and gave the company an “outperform” rating in a research report on Friday, November 15th. Roth Mkm raised their target price on shares of Live Nation Entertainment from $132.00 to $152.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Evercore ISI boosted their price target on Live Nation Entertainment from $110.00 to $150.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on Live Nation Entertainment from $130.00 to $150.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Two equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat.com, Live Nation Entertainment currently has a consensus rating of “Moderate Buy” and a consensus target price of $145.40.

Live Nation Entertainment Trading Up 1.6 %

NYSE LYV opened at $135.71 on Friday. The firm has a market capitalization of $31.53 billion, a price-to-earnings ratio of 144.37, a PEG ratio of 1.50 and a beta of 1.38. The company has a debt-to-equity ratio of 6.10, a quick ratio of 1.01 and a current ratio of 1.01. Live Nation Entertainment, Inc. has a one year low of $86.67 and a one year high of $141.18. The company’s 50 day moving average price is $133.51 and its 200 day moving average price is $113.44.

Live Nation Entertainment (NYSE:LYV) last posted its earnings results on Monday, November 11th. The company reported $1.66 earnings per share for the quarter, beating the consensus estimate of $1.58 by $0.08. Live Nation Entertainment had a net margin of 2.11% and a return on equity of 77.62%. The business had revenue of $7.65 billion for the quarter, compared to analyst estimates of $7.75 billion. During the same quarter in the previous year, the business posted $1.78 EPS. The business’s quarterly revenue was down 6.2% on a year-over-year basis. On average, sell-side analysts predict that Live Nation Entertainment, Inc. will post 1.02 EPS for the current year.

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.