Hilton Capital Management LLC Has $3.10 Million Stock Holdings in Live Nation Entertainment, Inc. (NYSE:LYV)

Hilton Capital Management LLC raised its stake in Live Nation Entertainment, Inc. (NYSE:LYV) by 4.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 23,966 shares of the company’s stock after purchasing an additional 1,110 shares during the quarter. Hilton Capital Management LLC’s holdings in Live Nation Entertainment were worth $3,104,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Principal Financial Group Inc. grew its stake in shares of Live Nation Entertainment by 1.2% in the third quarter. Principal Financial Group Inc. now owns 7,196,551 shares of the company’s stock valued at $787,950,000 after buying an additional 87,032 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its stake in shares of Live Nation Entertainment by 1.9% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 350,497 shares of the company’s stock worth $38,376,000 after purchasing an additional 6,512 shares during the last quarter. Metis Global Partners LLC raised its holdings in shares of Live Nation Entertainment by 7.4% in the 3rd quarter. Metis Global Partners LLC now owns 5,073 shares of the company’s stock valued at $555,000 after purchasing an additional 350 shares during the period. CIBC Asset Management Inc lifted its stake in Live Nation Entertainment by 14.9% in the 3rd quarter. CIBC Asset Management Inc now owns 24,916 shares of the company’s stock valued at $2,728,000 after purchasing an additional 3,231 shares during the last quarter. Finally, Empirical Finance LLC grew its holdings in Live Nation Entertainment by 2.3% during the third quarter. Empirical Finance LLC now owns 4,639 shares of the company’s stock worth $508,000 after purchasing an additional 105 shares during the period. Institutional investors and hedge funds own 74.52% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on LYV shares. Deutsche Bank Aktiengesellschaft raised their price objective on Live Nation Entertainment from $130.00 to $150.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Benchmark reaffirmed a “buy” rating and set a $160.00 price target on shares of Live Nation Entertainment in a report on Thursday, February 20th. Roth Mkm upped their price objective on shares of Live Nation Entertainment from $152.00 to $174.00 and gave the company a “buy” rating in a report on Friday, February 21st. StockNews.com upgraded shares of Live Nation Entertainment from a “sell” rating to a “hold” rating in a research note on Wednesday, November 20th. Finally, Citigroup increased their price target on shares of Live Nation Entertainment from $130.00 to $163.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Two equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $157.27.

Insider Buying and Selling

In other news, Director Jeffrey T. Hinson sold 500 shares of the firm’s stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $122.95, for a total transaction of $61,475.00. Following the completion of the sale, the director now owns 52,624 shares of the company’s stock, valued at $6,470,120.80. This trade represents a 0.94 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CAO Brian Capo sold 5,066 shares of Live Nation Entertainment stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $123.24, for a total transaction of $624,333.84. Following the completion of the sale, the chief accounting officer now directly owns 10,549 shares of the company’s stock, valued at approximately $1,300,058.76. The trade was a 32.44 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 68,702 shares of company stock valued at $10,497,143 over the last 90 days. 2.72% of the stock is owned by insiders.

Live Nation Entertainment Stock Down 6.0 %

Shares of LYV opened at $115.51 on Friday. The company has a debt-to-equity ratio of 6.10, a current ratio of 1.01 and a quick ratio of 1.01. Live Nation Entertainment, Inc. has a one year low of $86.81 and a one year high of $157.75. The company has a market cap of $26.96 billion, a P/E ratio of 42.47, a P/E/G ratio of 1.81 and a beta of 1.38. The firm has a 50 day simple moving average of $140.00 and a two-hundred day simple moving average of $126.32.

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