Compass Capital Corp MA ADV Takes $1.50 Million Position in Live Nation Entertainment, Inc. (NYSE:LYV)

Compass Capital Corp MA ADV acquired a new stake in Live Nation Entertainment, Inc. (NYSE:LYV - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 10,755 shares of the company's stock, valued at approximately $1,496,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of LYV. Brooklyn Investment Group acquired a new position in shares of Live Nation Entertainment during the third quarter worth approximately $31,000. World Investment Advisors LLC bought a new stake in Live Nation Entertainment during the 3rd quarter valued at $38,000. Reston Wealth Management LLC acquired a new position in Live Nation Entertainment during the 3rd quarter worth $41,000. Morse Asset Management Inc bought a new position in shares of Live Nation Entertainment in the third quarter worth $42,000. Finally, Golden State Wealth Management LLC acquired a new position in shares of Live Nation Entertainment during the fourth quarter valued at $42,000. 74.52% of the stock is owned by institutional investors and hedge funds.

Live Nation Entertainment Trading Down 6.9 %

LYV stock traded down $10.70 during mid-day trading on Tuesday, reaching $143.93. 3,966,792 shares of the stock traded hands, compared to its average volume of 2,089,498. Live Nation Entertainment, Inc. has a 52-week low of $86.81 and a 52-week high of $157.75. The stock's fifty day moving average is $139.57 and its 200-day moving average is $123.19. The company has a market cap of $33.44 billion, a P/E ratio of 52.91, a P/E/G ratio of 1.81 and a beta of 1.38. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 6.10.

Live Nation Entertainment (NYSE:LYV - Get Free Report) last issued its quarterly earnings results on Thursday, February 27th. The company reported $0.56 EPS for the quarter, beating the consensus estimate of ($0.93) by $1.49. Live Nation Entertainment had a net margin of 3.90% and a return on equity of 139.09%. The business had revenue of $5.68 billion during the quarter, compared to the consensus estimate of $5.67 billion. As a group, sell-side analysts expect 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. Roth Mkm increased their target price on shares of Live Nation Entertainment from $152.00 to $174.00 and gave the company a "buy" rating in a research report on Friday. Benchmark reiterated a "buy" rating and issued a $160.00 price objective on shares of Live Nation Entertainment in a report on Thursday, February 20th. Oppenheimer boosted their target price on Live Nation Entertainment from $120.00 to $155.00 and gave the stock an "outperform" rating in a report on Tuesday, November 12th. JPMorgan Chase & Co. lifted 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. Finally, Citigroup boosted 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's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $156.00.

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.