Strategy Asset Managers LLC Buys Shares of 9,619 Live Nation Entertainment, Inc. (NYSE:LYV)

Strategy Asset Managers LLC bought a new stake in shares of Live Nation Entertainment, Inc. (NYSE:LYV - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 9,619 shares of the company's stock, valued at approximately $876,000.

Other institutional investors also recently bought and sold shares of the company. YHB Investment Advisors Inc. purchased a new stake in shares of Live Nation Entertainment during the 1st quarter worth approximately $32,000. Migdal Insurance & Financial Holdings Ltd. raised its stake in Live Nation Entertainment by 119.5% during the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 371 shares of the company's stock valued at $34,000 after purchasing an additional 202 shares in the last quarter. Rise Advisors LLC lifted its position in Live Nation Entertainment by 90.3% during the first quarter. Rise Advisors LLC now owns 335 shares of the company's stock valued at $35,000 after purchasing an additional 159 shares during the last quarter. Lindbrook Capital LLC grew its stake in shares of Live Nation Entertainment by 44.1% in the 1st quarter. Lindbrook Capital LLC now owns 389 shares of the company's stock worth $41,000 after buying an additional 119 shares in the last quarter. Finally, UMB Bank n.a. increased its holdings in shares of Live Nation Entertainment by 67.4% in the 2nd quarter. UMB Bank n.a. now owns 437 shares of the company's stock worth $41,000 after buying an additional 176 shares during the last quarter. 74.52% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

LYV has been the subject of a number of analyst reports. Redburn Atlantic raised shares of Live Nation Entertainment from a "neutral" rating to a "buy" rating and increased their price target for the company from $114.00 to $115.00 in a report on Thursday, May 9th. Oppenheimer reiterated an "outperform" rating and issued a $110.00 target price on shares of Live Nation Entertainment in a report on Tuesday, June 25th. Rosenblatt Securities reissued a "buy" rating and set a $123.00 target price on shares of Live Nation Entertainment in a research report on Thursday, August 15th. JPMorgan Chase & Co. raised their price target on Live Nation Entertainment from $116.00 to $118.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 31st. Finally, Morgan Stanley reiterated an "overweight" rating and set a $120.00 price objective on shares of Live Nation Entertainment in a research report on Wednesday, June 12th. Two equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $118.69.

Live Nation Entertainment Trading Down 0.1 %

LYV stock traded down $0.08 during mid-day trading on Wednesday, reaching $95.26. The company had a trading volume of 1,505,975 shares, compared to its average volume of 2,111,771. The firm has a 50 day moving average of $94.68 and a 200 day moving average of $95.78. The company has a debt-to-equity ratio of 9.22, a current ratio of 0.92 and a quick ratio of 0.92. Live Nation Entertainment, Inc. has a 12 month low of $76.48 and a 12 month high of $107.24. The company has a market capitalization of $22.11 billion, a PE ratio of 90.72, a price-to-earnings-growth ratio of 2.20 and a beta of 1.34.

Live Nation Entertainment (NYSE:LYV - Get Free Report) last released its quarterly earnings data on Tuesday, July 30th. The company reported $1.03 EPS for the quarter, missing the consensus estimate of $1.06 by ($0.03). Live Nation Entertainment had a return on equity of 84.78% and a net margin of 2.20%. The firm had revenue of $6.02 billion for the quarter, compared to analysts' expectations of $6.02 billion. During the same quarter in the previous year, the business earned $1.02 earnings per share. The company's revenue for the quarter was up 7.0% compared to the same quarter last year. On average, equities analysts predict that Live Nation Entertainment, Inc. will post 1.18 earnings per share for the current fiscal year.

Insider Activity

In other Live Nation Entertainment news, Director Jeffrey T. Hinson sold 1,500 shares of the stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $94.11, for a total transaction of $141,165.00. Following the transaction, the director now directly owns 59,789 shares in the company, valued at approximately $5,626,742.79. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CAO Brian Capo sold 5,000 shares of Live Nation Entertainment stock in a transaction on Monday, August 19th. The stock was sold at an average price of $96.61, for a total value of $483,050.00. Following the transaction, the chief accounting officer now directly owns 12,327 shares in the company, valued at approximately $1,190,911.47. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jeffrey T. Hinson sold 1,500 shares of the company's stock in a transaction on Friday, August 16th. The stock was sold at an average price of $94.11, for a total value of $141,165.00. Following the sale, the director now owns 59,789 shares of the company's stock, valued at $5,626,742.79. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 8,201 shares of company stock worth $788,464. Company insiders own 2.85% of the company's stock.

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.