BankPlus Trust Department Makes New Investment in Live Nation Entertainment, Inc. (NYSE:LYV)

BankPlus Trust Department purchased a new stake in shares of Live Nation Entertainment, Inc. (NYSE:LYV) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 2,610 shares of the company’s stock, valued at approximately $338,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its position in Live Nation Entertainment by 55.1% during the 4th quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 27,012 shares of the company’s stock worth $3,498,000 after buying an additional 9,600 shares during the period. Paradigm Asset Management Co. LLC lifted its holdings in shares of Live Nation Entertainment by 222.7% during the fourth quarter. Paradigm Asset Management Co. LLC now owns 3,043 shares of the company’s stock worth $394,000 after purchasing an additional 2,100 shares during the period. Compass Capital Corp MA ADV bought a new stake in shares of Live Nation Entertainment in the fourth quarter worth $1,496,000. ING Groep NV acquired a new stake in Live Nation Entertainment in the fourth quarter valued at $2,044,000. Finally, Handelsbanken Fonder AB raised its position in Live Nation Entertainment by 24.7% during the 4th quarter. Handelsbanken Fonder AB now owns 3,807 shares of the company’s stock worth $493,000 after purchasing an additional 755 shares during the last quarter. 74.52% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

LYV has been the topic of a number of analyst reports. JPMorgan Chase & Co. upped their price target on Live Nation Entertainment from $150.00 to $170.00 and gave the company an “overweight” rating in a research report on Friday. Deutsche Bank Aktiengesellschaft increased their target price on shares of Live Nation Entertainment from $130.00 to $150.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Guggenheim boosted their price target on shares of Live Nation Entertainment from $146.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. Rosenblatt Securities reiterated a “buy” rating and set a $146.00 price objective on shares of Live Nation Entertainment in a research report on Tuesday, February 18th. Finally, Evercore ISI lifted their target price on shares of Live Nation Entertainment from $110.00 to $150.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 12th. Two equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $156.00.

Live Nation Entertainment Stock Performance

Shares of LYV opened at $154.59 on Tuesday. 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 $35.92 billion, a PE ratio of 56.84, a P/E/G ratio of 1.81 and a beta of 1.38. The stock has a 50-day moving average of $139.57 and a 200-day moving average of $123.19. 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 (NYSE:LYV) last announced its quarterly earnings data on Thursday, February 27th. The company reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of ($0.93) by $1.49. The firm had revenue of $5.68 billion during 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%. On average, equities research analysts predict that Live Nation Entertainment, Inc. will post 2.38 EPS for the current fiscal year.

Live Nation Entertainment Company 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.