Amalgamated Bank boosted its stake in Live Nation Entertainment, Inc. (NYSE:LYV) by 5.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 28,177 shares of the company’s stock after acquiring an additional 1,478 shares during the period. Amalgamated Bank’s holdings in Live Nation Entertainment were worth $1,199,000 at the end of the most recent reporting period.
Other large investors also recently added to or reduced their stakes in the company. IFP Advisors Inc boosted its holdings in Live Nation Entertainment by 85.4% in the fourth quarter. IFP Advisors Inc now owns 3,088 shares of the company’s stock valued at $131,000 after acquiring an additional 1,422 shares in the last quarter. Assetmark Inc. bought a new stake in Live Nation Entertainment in the third quarter valued at $134,000. US Bancorp DE boosted its holdings in Live Nation Entertainment by 379.4% in the fourth quarter. US Bancorp DE now owns 3,869 shares of the company’s stock valued at $165,000 after acquiring an additional 3,062 shares in the last quarter. Massey Quick Simon & CO. LLC bought a new stake in Live Nation Entertainment in the third quarter valued at $167,000. Finally, Global X Management Co. LLC boosted its holdings in Live Nation Entertainment by 45.5% in the fourth quarter. Global X Management Co. LLC now owns 4,239 shares of the company’s stock valued at $180,000 after acquiring an additional 1,325 shares in the last quarter. Institutional investors and hedge funds own 69.07% of the company’s stock.
Several research firms recently weighed in on LYV. Macquarie reiterated a “buy” rating and issued a $55.00 price target on shares of Live Nation Entertainment in a report on Thursday, March 1st. Citigroup cut shares of Live Nation Entertainment from a “buy” rating to a “neutral” rating and set a $47.00 target price on the stock. in a report on Friday, December 22nd. Zacks Investment Research cut shares of Live Nation Entertainment from a “hold” rating to a “sell” rating in a report on Thursday, January 11th. Finally, Guggenheim restated a “buy” rating and set a $53.00 target price on shares of Live Nation Entertainment in a report on Thursday, March 1st. Four equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $46.86.
Live Nation Entertainment (NYSE:LYV) last announced its earnings results on Tuesday, February 27th. The company reported ($1.12) EPS for the quarter, missing the Zacks’ consensus estimate of ($1.08) by ($0.04). Live Nation Entertainment had a negative net margin of 0.24% and a negative return on equity of 1.71%. The business had revenue of $2.55 billion for the quarter, compared to the consensus estimate of $2.06 billion. sell-side analysts forecast that Live Nation Entertainment, Inc. will post 0.37 earnings per share for the current year.
ILLEGAL ACTIVITY WARNING: “Live Nation Entertainment, Inc. (LYV) Position Increased by Amalgamated Bank” was originally reported by American Banking News and is the property of of American Banking News. If you are reading this piece on another domain, it was illegally stolen and republished in violation of US and international copyright legislation. The original version of this piece can be accessed at https://www.americanbankingnews.com/2018/03/13/live-nation-entertainment-inc-lyv-position-increased-by-amalgamated-bank.html.
Live Nation Entertainment Profile
Live Nation Entertainment, Inc is a live entertainment company. The Company’s businesses consist of the promotion of live events, including ticketing, sponsorship and advertising. Its segments include Concerts, Sponsorship & Advertising, Ticketing and Artist Nation. The Concerts segment is engaged in promotion of live music events in its owned or operated venues and in rented third-party venues; operation and management of music venues; production of music festivals, and creation of associated content.
Want to see what other hedge funds are holding LYV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Live Nation Entertainment, Inc. (NYSE:LYV).
Receive News & Ratings for Live Nation Entertainment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Live Nation Entertainment and related companies with MarketBeat.com's FREE daily email newsletter.