7,369 Shares in Live Nation Entertainment, Inc. (NYSE:LYV) Acquired by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC acquired a new position in shares of Live Nation Entertainment, Inc. (NYSE:LYV - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 7,369 shares of the company's stock, valued at approximately $954,000.

Other large investors have also recently made changes to their positions in the company. World Investment Advisors LLC acquired a new stake in Live Nation Entertainment during the 3rd quarter worth about $38,000. Murphy & Mullick Capital Management Corp purchased a new position in shares of Live Nation Entertainment in the fourth quarter worth about $40,000. Morse Asset Management Inc acquired a new stake in shares of Live Nation Entertainment during the third quarter worth about $42,000. Golden State Wealth Management LLC acquired a new position in Live Nation Entertainment in the 4th quarter worth approximately $42,000. Finally, Retirement Wealth Solutions LLC purchased a new position in Live Nation Entertainment during the 4th quarter worth approximately $44,000. 74.52% of the stock is owned by hedge funds and other institutional investors.

Live Nation Entertainment Price Performance

NYSE:LYV traded up $2.63 during trading hours on Wednesday, hitting $134.64. 2,606,352 shares of the stock were exchanged, compared to its average volume of 2,231,663. The company has a market cap of $31.43 billion, a P/E ratio of 49.50, a P/E/G ratio of 1.81 and a beta of 1.38. The firm's fifty day moving average price is $137.82 and its 200 day moving average price is $129.34. Live Nation Entertainment, Inc. has a 52-week low of $86.81 and a 52-week high of $157.75. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 6.10.

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Live Nation Entertainment (NYSE:LYV - Get Free Report) last posted its quarterly earnings data 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 return on equity of 139.09% and a net margin of 3.90%. The firm had revenue of $5.68 billion during the quarter, compared to the consensus estimate of $5.67 billion. As a group, equities research analysts anticipate that Live Nation Entertainment, Inc. will post 2.38 EPS for the current fiscal year.

Insider Activity

In related news, EVP Michael Rowles sold 63,136 shares of the stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $155.40, for a total value of $9,811,334.40. Following the completion of the sale, the executive vice president now owns 195,346 shares of the company's stock, valued at approximately $30,356,768.40. This trade represents a 24.43 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Brian Capo sold 5,066 shares of the business's stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $123.24, for a total value of $624,333.84. Following the transaction, the chief accounting officer now directly owns 10,549 shares in the company, valued at $1,300,058.76. This trade represents a 32.44 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 68,702 shares of company stock worth $10,497,143 over the last three months. Insiders own 2.72% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on LYV. The Goldman Sachs Group increased their price objective on shares of Live Nation Entertainment from $148.00 to $166.00 and gave the stock a "buy" rating in a research note on Thursday, February 13th. Roth Mkm increased their price target on Live Nation Entertainment from $152.00 to $174.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. Bank of America lifted their price objective on Live Nation Entertainment from $149.00 to $175.00 and gave the company a "buy" rating in a research note on Monday, February 24th. Guggenheim upped their target price on Live Nation Entertainment from $146.00 to $155.00 and gave the stock a "buy" rating in a research note on Wednesday, December 4th. Finally, Benchmark reiterated a "buy" rating and set a $178.00 price target on shares of Live Nation Entertainment in a research report on Tuesday. Two equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat.com, Live Nation Entertainment currently has a consensus rating of "Moderate Buy" and an average target price of $160.33.

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.