Ossiam Has $93,000 Holdings in Live Nation Entertainment, Inc. (NYSE:LYV)

Ossiam raised its stake in shares of Live Nation Entertainment, Inc. (NYSE:LYV) by 38.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 718 shares of the company’s stock after purchasing an additional 201 shares during the period. Ossiam’s holdings in Live Nation Entertainment were worth $93,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Murphy & Mullick Capital Management Corp bought a new stake in Live Nation Entertainment during the fourth quarter worth $40,000. Golden State Wealth Management LLC bought a new stake in shares of Live Nation Entertainment in the 4th quarter worth $42,000. Retirement Wealth Solutions LLC purchased a new stake in shares of Live Nation Entertainment in the fourth quarter valued at about $44,000. Independence Bank of Kentucky bought a new position in shares of Live Nation Entertainment during the fourth quarter valued at about $45,000. Finally, Morse Asset Management Inc purchased a new position in Live Nation Entertainment during the third quarter worth about $42,000. 74.52% of the stock is owned by institutional investors.

Insider Activity

In related news, CAO Brian Capo sold 5,066 shares of the stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $123.24, for a total value of $624,333.84. Following the sale, the chief accounting officer now owns 10,549 shares in the company, valued at approximately $1,300,058.76. This trade represents a 32.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Michael Rowles sold 63,136 shares of the business’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $155.40, for a total value of $9,811,334.40. Following the transaction, the executive vice president now owns 195,346 shares of the company’s stock, valued at approximately $30,356,768.40. The trade was a 24.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 68,702 shares of company stock worth $10,497,143. 2.72% of the stock is owned by company insiders.

Live Nation Entertainment Trading Up 2.2 %

Shares of LYV stock opened at $131.32 on Thursday. Live Nation Entertainment, Inc. has a 1 year low of $86.81 and a 1 year high of $157.75. The company’s fifty day simple moving average is $131.07 and its two-hundred day simple moving average is $131.32. The company has a debt-to-equity ratio of 6.10, a current ratio of 1.01 and a quick ratio of 1.01. The stock has a market capitalization of $30.65 billion, a price-to-earnings ratio of 48.28, a PEG ratio of 1.81 and a beta of 1.31.

Live Nation Entertainment (NYSE:LYV) last issued its quarterly earnings data on Thursday, February 27th. The company reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.93) by $1.49. The business had revenue of $5.68 billion for the quarter, compared to analysts’ expectations of $5.67 billion. Live Nation Entertainment had a return on equity of 139.09% and a net margin of 3.90%. As a group, analysts anticipate that Live Nation Entertainment, Inc. will post 2.38 earnings per share for the current year.

Analysts Set New Price Targets

LYV has been the topic of several recent analyst reports. Macquarie lifted their target price on shares of Live Nation Entertainment from $146.00 to $165.00 and gave the stock an “outperform” rating in a research report on Thursday, March 6th. Rosenblatt Securities reissued a “buy” rating and issued a $174.00 price objective on shares of Live Nation Entertainment in a research report on Tuesday, April 1st. Morgan Stanley raised their target price on Live Nation Entertainment from $150.00 to $170.00 and gave the company an “overweight” rating in a research report on Tuesday, February 18th. Bank of America boosted their price target on shares of Live Nation Entertainment from $149.00 to $175.00 and gave the stock a “buy” rating in a report on Monday, February 24th. Finally, Benchmark restated a “buy” rating and set a $178.00 price objective on shares of Live Nation Entertainment in a report on Tuesday, April 1st. Two investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $160.33.

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.