Live Nation Entertainment, Inc. (NYSE:LYV) Stock Holdings Lifted by Yousif Capital Management LLC

Yousif Capital Management LLC increased its holdings in shares of Live Nation Entertainment, Inc. (NYSE:LYV) by 73.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 33,877 shares of the company’s stock after acquiring an additional 14,328 shares during the quarter. Yousif Capital Management LLC’s holdings in Live Nation Entertainment were worth $3,171,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of LYV. CWM LLC boosted its position in Live Nation Entertainment by 14.5% during the 3rd quarter. CWM LLC now owns 1,948 shares of the company’s stock valued at $162,000 after purchasing an additional 246 shares during the period. Exchange Traded Concepts LLC bought a new stake in Live Nation Entertainment in the 3rd quarter valued at about $236,000. Caprock Group LLC bought a new position in Live Nation Entertainment in the 3rd quarter worth about $221,000. Czech National Bank increased its stake in shares of Live Nation Entertainment by 45.4% in the third quarter. Czech National Bank now owns 24,780 shares of the company’s stock valued at $2,058,000 after purchasing an additional 7,743 shares during the period. Finally, Commonwealth Equity Services LLC boosted its position in shares of Live Nation Entertainment by 6.3% during the third quarter. Commonwealth Equity Services LLC now owns 10,855 shares of the company’s stock worth $901,000 after buying an additional 647 shares during the period. Institutional investors own 74.52% of the company’s stock.

Live Nation Entertainment Stock Up 1.5 %

Live Nation Entertainment stock opened at $89.83 on Monday. The firm’s 50 day moving average price is $98.87 and its two-hundred day moving average price is $91.59. The firm has a market cap of $20.73 billion, a PE ratio of 67.54 and a beta of 1.30. Live Nation Entertainment, Inc. has a twelve month low of $65.20 and a twelve month high of $107.24. The company has a debt-to-equity ratio of 9.30, a quick ratio of 0.96 and a current ratio of 0.96.

Live Nation Entertainment (NYSE:LYV) last issued its earnings results on Thursday, February 22nd. The company reported ($1.22) earnings per share for the quarter, missing the consensus estimate of ($1.13) by ($0.09). The firm had revenue of $5.84 billion during the quarter, compared to analyst estimates of $4.72 billion. Live Nation Entertainment had a return on equity of 118.42% and a net margin of 2.48%. On average, research analysts predict that Live Nation Entertainment, Inc. will post 1.62 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on LYV. Morgan Stanley boosted their price target on Live Nation Entertainment from $110.00 to $120.00 and gave the stock an “overweight” rating in a research report on Friday, February 23rd. Oppenheimer upped their price target on shares of Live Nation Entertainment from $105.00 to $115.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 21st. TD Cowen reaffirmed a “buy” rating and set a $108.00 price target on shares of Live Nation Entertainment in a research note on Tuesday, April 16th. Roth Capital raised Live Nation Entertainment from a “neutral” rating to a “buy” rating in a research note on Thursday, January 11th. Finally, Roth Mkm reaffirmed a “buy” rating and set a $120.00 target price on shares of Live Nation Entertainment in a research note on Tuesday, April 23rd. One analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, Live Nation Entertainment currently has a consensus rating of “Moderate Buy” and an average target price of $116.30.

Insider Buying and Selling at Live Nation Entertainment

In other news, Director Jeffrey T. Hinson sold 1,001 shares of the stock in a transaction on Friday, March 8th. The shares were sold at an average price of $100.50, for a total transaction of $100,600.50. Following the transaction, the director now owns 59,374 shares in the company, valued at approximately $5,967,087. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 2.85% of the company’s stock.

Live Nation Entertainment Company 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.