Live Nation Entertainment, Inc. (NYSE:LYV) Shares Purchased by North Star Asset Management Inc.

North Star Asset Management Inc. raised its holdings in shares of Live Nation Entertainment, Inc. (NYSE:LYV - Free Report) by 8.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 75,631 shares of the company's stock after acquiring an additional 6,074 shares during the quarter. North Star Asset Management Inc.'s holdings in Live Nation Entertainment were worth $7,090,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

LYV has been the topic of several research reports. Northcoast Research cut Live Nation Entertainment from a "buy" rating to a "neutral" rating in a report on Tuesday, May 28th. Macquarie reissued an "outperform" rating and set a $125.00 price objective on shares of Live Nation Entertainment in a research note on Wednesday, July 31st. Benchmark reissued a "buy" rating and set a $132.00 price objective on shares of Live Nation Entertainment in a research note on Wednesday, July 31st. Morgan Stanley reissued an "overweight" rating and set a $120.00 price objective on shares of Live Nation Entertainment in a research note on Wednesday, June 12th. Finally, Bank of America started coverage on Live Nation Entertainment in a research note on Wednesday. They set a "buy" rating and a $125.00 price objective on the stock. Two research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $119.46.

Live Nation Entertainment Trading Down 1.5 %

Shares of NYSE LYV traded down $1.42 during trading hours on Friday, reaching $92.78. The stock had a trading volume of 1,861,544 shares, compared to its average volume of 2,106,812. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 9.22. The firm has a market cap of $21.32 billion, a price-to-earnings ratio of 88.36, a P/E/G ratio of 2.20 and a beta of 1.34. The business's fifty day moving average price is $94.73 and its two-hundred day moving average price is $95.80. Live Nation Entertainment, Inc. has a 52-week low of $76.48 and a 52-week high of $107.24.

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

Insiders Place Their Bets

In other Live Nation Entertainment news, Director Ping Fu sold 1,701 shares of the company's stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $96.56, for a total transaction of $164,248.56. Following the completion of the sale, the director now owns 15,128 shares in the company, valued at $1,460,759.68. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Live Nation Entertainment news, Director Ping Fu sold 1,701 shares of the company's stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $96.56, for a total transaction of $164,248.56. Following the completion of the sale, the director now owns 15,128 shares in the company, valued at $1,460,759.68. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 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 approximately $5,626,742.79. The disclosure for this sale can be found here. Insiders sold a total of 8,201 shares of company stock worth $788,464 over the last 90 days. Company insiders own 2.85% of the company's stock.

Live Nation Entertainment Profile

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.