SYM FINANCIAL Corp Makes New $684,000 Investment in Live Nation Entertainment, Inc. (NYSE:LYV)

SYM FINANCIAL Corp purchased a new stake in Live Nation Entertainment, Inc. (NYSE:LYV - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 5,284 shares of the company's stock, valued at approximately $684,000.

Several other institutional investors also recently modified their holdings of LYV. Cromwell Holdings LLC grew its position in shares of Live Nation Entertainment by 25.7% in the third quarter. Cromwell Holdings LLC now owns 431 shares of the company's stock valued at $47,000 after purchasing an additional 88 shares in the last quarter. Private Advisor Group LLC grew its stake in 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. grew its stake in shares of Live Nation Entertainment by 21.2% in the fourth quarter. UMB Bank n.a. now owns 532 shares of the company's stock worth $69,000 after acquiring an additional 93 shares during the period. Gilbert & Cook Inc. grew its holdings in shares of Live Nation Entertainment by 1.7% in the fourth quarter. Gilbert & Cook Inc. now owns 5,463 shares of the company's stock worth $707,000 after acquiring an additional 93 shares during the period. Finally, Vontobel Holding Ltd. raised its position in Live Nation Entertainment by 1.4% in the third quarter. Vontobel Holding Ltd. now owns 6,648 shares of the company's stock worth $728,000 after acquiring an additional 95 shares during the period. Institutional investors own 74.52% of the company's stock.

Wall Street Analysts Forecast Growth

LYV has been the topic of a number of research analyst reports. Evercore ISI upped 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. Roth Mkm boosted their target price on shares of Live Nation Entertainment from $132.00 to $152.00 and gave the stock a "buy" rating in a research note on Thursday, December 12th. Macquarie raised their price objective 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. JPMorgan Chase & Co. boosted their target price on shares of Live Nation Entertainment from $137.00 to $150.00 and gave the stock an "overweight" rating in a research note on Thursday, December 12th. Finally, Guggenheim upped their target price on shares of Live Nation Entertainment from $146.00 to $155.00 and gave the company a "buy" rating in a report on Wednesday, December 4th. Two analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $145.40.

Live Nation Entertainment Trading Up 0.6 %

Live Nation Entertainment stock traded up $0.96 during mid-day trading on Wednesday, reaching $149.02. 1,466,692 shares of the company traded hands, compared to its average volume of 1,727,056. Live Nation Entertainment, Inc. has a 52-week low of $86.67 and a 52-week high of $150.30. The firm has a market capitalization of $34.62 billion, a price-to-earnings ratio of 158.59, a P/E/G ratio of 1.67 and a beta of 1.38. The firm's 50 day moving average price is $135.53 and its 200 day moving average price is $117.45. 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 - Get Free Report) last announced its quarterly earnings results on Monday, November 11th. The company reported $1.66 earnings per share for the quarter, topping analysts' consensus estimates of $1.58 by $0.08. The firm had revenue of $7.65 billion during the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same period in the prior year, the company earned $1.78 EPS. On average, analysts anticipate that Live Nation Entertainment, Inc. will post 0.99 earnings per share 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.