BankPlus Trust Department Takes $338,000 Position in Live Nation Entertainment, Inc. (NYSE:LYV)

BankPlus Trust Department acquired a new position in Live Nation Entertainment, Inc. (NYSE:LYV - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,610 shares of the company's stock, valued at approximately $338,000.

A number of other institutional investors also recently bought and sold shares of LYV. SOA Wealth Advisors LLC. raised its stake in shares of Live Nation Entertainment by 19.0% in the fourth quarter. SOA Wealth Advisors LLC. now owns 500 shares of the company's stock worth $65,000 after buying an additional 80 shares during the period. Western Pacific Wealth Management LP lifted its holdings in Live Nation Entertainment by 10.4% during the fourth quarter. Western Pacific Wealth Management LP now owns 867 shares of the company's stock valued at $112,000 after purchasing an additional 82 shares in the last quarter. Private Advisor Group LLC boosted its position in shares of Live Nation Entertainment by 2.8% in the third quarter. Private Advisor Group LLC now owns 3,218 shares of the company's stock worth $352,000 after purchasing an additional 89 shares during the period. UMB Bank n.a. boosted its holdings in Live Nation Entertainment by 21.2% in the 4th quarter. UMB Bank n.a. now owns 532 shares of the company's stock worth $69,000 after buying an additional 93 shares during the period. Finally, Gilbert & Cook Inc. boosted its holdings in Live Nation Entertainment by 1.7% in the 4th quarter. Gilbert & Cook Inc. now owns 5,463 shares of the company's stock worth $707,000 after buying an additional 93 shares during the period. 74.52% of the stock is owned by institutional investors.

Live Nation Entertainment Stock Up 1.7 %

NYSE:LYV traded up $2.39 during mid-day trading on Friday, reaching $143.35. The company's stock had a trading volume of 2,904,894 shares, compared to its average volume of 2,117,939. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 6.10. The firm has a market capitalization of $33.31 billion, a PE ratio of 52.70, a price-to-earnings-growth ratio of 1.81 and a beta of 1.38. The stock has a fifty day moving average of $140.05 and a 200-day moving average of $123.81. Live Nation Entertainment, Inc. has a 1 year low of $86.81 and a 1 year high of $157.75.

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

Analyst Upgrades and Downgrades

LYV has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft upped their price objective on Live Nation Entertainment from $130.00 to $150.00 and gave the stock a "buy" rating in a research note on Tuesday, November 19th. Guggenheim upped their target price 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. StockNews.com upgraded shares of Live Nation Entertainment from a "sell" rating to a "hold" rating in a report on Wednesday, November 20th. Roth Mkm raised their price objective on Live Nation Entertainment from $152.00 to $174.00 and gave the company a "buy" rating in a research report on Friday, February 21st. Finally, Citigroup lifted their price objective on Live Nation Entertainment from $130.00 to $163.00 and gave the stock a "buy" rating in a research note 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. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $156.00.

Insider Transactions at Live Nation Entertainment

In other Live Nation Entertainment news, EVP Michael Rowles sold 63,136 shares of the business's stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $155.40, for a total value of $9,811,334.40. Following the completion of the transaction, the executive vice president now directly owns 195,346 shares in the company, valued at approximately $30,356,768.40. The trade was a 24.43 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 2.72% of the company's stock.

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.