Procyon Advisors LLC Buys 514 Shares of Live Nation Entertainment, Inc. (NYSE:LYV)

Procyon Advisors LLC increased its stake in shares of Live Nation Entertainment, Inc. (NYSE:LYV) by 5.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 10,049 shares of the company’s stock after buying an additional 514 shares during the period. Procyon Advisors LLC’s holdings in Live Nation Entertainment were worth $1,301,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Brooklyn Investment Group bought a new stake in shares of Live Nation Entertainment during the third quarter worth approximately $31,000. World Investment Advisors LLC acquired a new stake in Live Nation Entertainment during the 3rd quarter worth approximately $38,000. Reston Wealth Management LLC bought a new stake in Live Nation Entertainment in the 3rd quarter valued at $41,000. Morse Asset Management Inc acquired a new position in Live Nation Entertainment in the 3rd quarter valued at $42,000. Finally, SOA Wealth Advisors LLC. bought a new position in Live Nation Entertainment during the 3rd quarter worth $46,000. Institutional investors and hedge funds own 74.52% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Roth Mkm boosted their target price on shares of Live Nation Entertainment from $132.00 to $152.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Oppenheimer increased their target price on shares of Live Nation Entertainment from $120.00 to $155.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. Citigroup lifted their price target on shares of Live Nation Entertainment from $130.00 to $163.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Macquarie increased their price target on Live Nation Entertainment from $130.00 to $146.00 and gave the stock an “outperform” rating in a research report on Friday, November 15th. Finally, TD Cowen lifted their price objective on Live Nation Entertainment from $108.00 to $145.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Two research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat, Live Nation Entertainment presently has an average rating of “Moderate Buy” and a consensus price target of $145.40.

Live Nation Entertainment Stock Up 1.6 %

LYV stock opened at $135.71 on Friday. The firm has a 50-day moving average price of $133.51 and a 200-day moving average price of $113.32. Live Nation Entertainment, Inc. has a 12 month low of $86.67 and a 12 month high of $141.18. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 6.10. The stock has a market capitalization of $31.53 billion, a P/E ratio of 144.37, a price-to-earnings-growth ratio of 1.50 and a beta of 1.38.

Live Nation Entertainment (NYSE:LYV) last issued its quarterly earnings data on Monday, November 11th. The company reported $1.66 EPS for the quarter, beating the consensus estimate of $1.58 by $0.08. The business had revenue of $7.65 billion during the quarter, compared to the consensus estimate of $7.75 billion. Live Nation Entertainment had a net margin of 2.11% and a return on equity of 77.62%. The firm’s revenue was down 6.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.78 EPS. As a group, equities research analysts anticipate that Live Nation Entertainment, Inc. will post 1.02 EPS for the current fiscal year.

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.