From MarketBeat:

Orion Portfolio Solutions LLC purchased a new position in Live Nation Entertainment, Inc. (NYSE:LYV) during the third quarter, according to its Form 13F filing. The institutional investor bought 21,660 shares of the company’s stock, valued at approximately $1,799,000. 70.95% of the stock is owned by hedge funds and other institutional investors.

Wall Street analysts have issued ratings on Live Nation Entertainment, with Guggenheim, Roth Mkm, Evercore ISI, and Benchmark all providing price objectives and ratings for the company. Live Nation Entertainment received an average “Moderate Buy” rating and an average price target of $107.27.

Live Nation Entertainment stock traded up $0.17 during trading hours on Friday, reaching $89.21. The company reported $1.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.27 by $0.51. The company had revenue of $8.15 billion for the quarter.

CFO Joe Berchtold sold 119,100 shares of Live Nation Entertainment stock in a transaction totaling $10,493,901.00. Following the sale, the chief financial officer now directly owns 442,107 shares of the company’s stock, valued at approximately $38,954,047.77. 2.85% of the stock is owned by corporate insiders.

Live Nation Entertainment, Inc. operates as a live entertainment company, primarily in concerts, ticketing, and sponsorship & advertising segments. The company promotes live music events, operates and manages music venues, produces music festivals, and offers management and other services to artists.



Read more: Orion Portfolio Solutions LLC Acquires Shares of 21,660 Live Nation Entertainment, Inc. (NYSE:LYV)