Bank of Montreal Can increased its stake in shares of Live Nation Entertainment, Inc. (NYSE:LYV) by 20.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 170,763 shares of the company’s stock after purchasing an additional 30,239 shares during the quarter. Bank of Montreal Can owned 0.45% of Live Nation Entertainment worth $13,136,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Marine Capital LLC acquired a new stake in shares of Live Nation Entertainment during the 4th quarter valued at about $214,000. BlueCrest Capital Management Ltd acquired a new stake in shares of Live Nation Entertainment during the 4th quarter valued at about $222,000. Moors & Cabot Inc. acquired a new stake in shares of Live Nation Entertainment during the 4th quarter valued at about $243,000. Coral Gables Asset Management Inc. acquired a new stake in shares of Live Nation Entertainment during the 4th quarter valued at about $267,000. Finally, GM Advisory Group Inc. acquired a new stake in shares of Live Nation Entertainment during the 4th quarter valued at about $259,000. Institutional investors own 93.40% of the company’s stock.

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Shares of LYV opened at $60.69 on Friday. Live Nation Entertainment, Inc. has a 12 month low of $36.61 and a 12 month high of $66.32. The company has a market capitalization of $10.38 billion, a P/E ratio of 38.00, a PEG ratio of 1.45 and a beta of 1.33.

Several research firms have recently commented on LYV. Macquarie restated a “buy” rating and issued a $64.00 price objective on shares of Live Nation Entertainment in a research note on Thursday, November 15th. Zacks Investment Research upgraded shares of Live Nation Entertainment from a “hold” rating to a “buy” rating and set a $63.00 price objective for the company in a research note on Friday, January 25th. KeyCorp restated a “buy” rating and issued a $64.00 price objective on shares of Live Nation Entertainment in a research note on Thursday, November 15th. Barclays upped their price objective on shares of Live Nation Entertainment from $60.00 to $67.00 and gave the company an “overweight” rating in a research note on Monday, November 19th. Finally, Cowen restated a “buy” rating and issued a $62.00 price objective on shares of Live Nation Entertainment in a research note on Friday, February 1st. Nine investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $58.18.

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Live Nation Entertainment Profile

Live Nation Entertainment, Inc, together with its subsidiaries, operates as an events and digital media company in the United States, Europe, Latin America, and internationally. The company operates through the following segments: Concerts, Music Publishing, and Ticketing. The Concerts segment organizes, produces, sponsors, and promotes concerts and events.

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