SouthState Corp Buys 454 Shares of Live Nation Entertainment, Inc. (NYSE:LYV)

SouthState Corp raised its stake in shares of Live Nation Entertainment, Inc. (NYSE:LYVGet Rating) by 987.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 500 shares of the company’s stock after purchasing an additional 454 shares during the quarter. SouthState Corp’s holdings in Live Nation Entertainment were worth $59,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the stock. Quadrant Capital Group LLC raised its stake in shares of Live Nation Entertainment by 16.9% during the first quarter. Quadrant Capital Group LLC now owns 963 shares of the company’s stock worth $113,000 after acquiring an additional 139 shares in the last quarter. Cordatus Wealth Management LLC purchased a new position in shares of Live Nation Entertainment during the first quarter worth approximately $3,794,000. AIA Group Ltd purchased a new position in shares of Live Nation Entertainment during the first quarter worth approximately $1,162,000. CIBC Asset Management Inc raised its stake in shares of Live Nation Entertainment by 0.8% during the first quarter. CIBC Asset Management Inc now owns 16,261 shares of the company’s stock worth $1,913,000 after acquiring an additional 130 shares in the last quarter. Finally, Independent Advisor Alliance purchased a new position in shares of Live Nation Entertainment during the first quarter worth approximately $259,000. 73.10% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Benchmark initiated coverage on shares of Live Nation Entertainment in a research note on Monday, April 25th. They set a “buy” rating and a $135.00 price target on the stock. William Blair reiterated an “outperform” rating on shares of Live Nation Entertainment in a report on Friday, April 8th. Wolfe Research lowered their price target on shares of Live Nation Entertainment from $145.00 to $119.00 and set an “outperform” rating for the company in a report on Thursday, June 2nd. Macquarie upgraded shares of Live Nation Entertainment from a “neutral” rating to an “outperform” rating and lowered their price target for the company from $117.00 to $105.00 in a report on Tuesday, July 5th. Finally, Rosenblatt Securities initiated coverage on shares of Live Nation Entertainment in a report on Monday, April 25th. They set a “buy” rating and a $138.00 price target for the company. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $119.90.

Live Nation Entertainment Stock Performance

Shares of NYSE LYV opened at $96.76 on Friday. Live Nation Entertainment, Inc. has a 12 month low of $78.14 and a 12 month high of $127.75. The firm has a fifty day simple moving average of $89.00 and a two-hundred day simple moving average of $101.38.

Live Nation Entertainment (NYSE:LYVGet Rating) last issued its quarterly earnings data on Thursday, August 4th. The company reported $0.66 EPS for the quarter, topping the consensus estimate of $0.53 by $0.13. The company had revenue of $4.43 billion during the quarter, compared to the consensus estimate of $3.92 billion. The firm’s revenue for the quarter was up 669.9% compared to the same quarter last year. During the same quarter last year, the company posted ($0.90) earnings per share. As a group, analysts predict that Live Nation Entertainment, Inc. will post 0.45 earnings per share for the current fiscal year.

Live Nation Entertainment Profile

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Live Nation Entertainment, Inc operates as a live entertainment company. 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; operates and manages music venues; produces music festivals; creates associated content; and offers management and other services to artists.

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Institutional Ownership by Quarter for Live Nation Entertainment (NYSE:LYV)

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