Van ECK Associates Corp Purchases 5,020 Shares of Live Nation Entertainment, Inc. (NYSE:LYV)

Van ECK Associates Corp grew its position in shares of Live Nation Entertainment, Inc. (NYSE:LYV) by 16.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 35,613 shares of the company’s stock after buying an additional 5,020 shares during the quarter. Van ECK Associates Corp’s holdings in Live Nation Entertainment were worth $3,333,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Creative Financial Designs Inc. ADV grew its position in Live Nation Entertainment by 148.1% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 335 shares of the company’s stock worth $31,000 after acquiring an additional 200 shares during the last quarter. Raleigh Capital Management Inc. acquired a new stake in shares of Live Nation Entertainment in the third quarter valued at $33,000. Cary Street Partners Investment Advisory LLC raised its holdings in shares of Live Nation Entertainment by 9,800.0% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 495 shares of the company’s stock valued at $41,000 after buying an additional 490 shares during the last quarter. Tobam acquired a new position in Live Nation Entertainment during the 4th quarter worth about $59,000. Finally, Headlands Technologies LLC bought a new stake in Live Nation Entertainment during the 3rd quarter worth about $88,000. Institutional investors and hedge funds own 74.52% of the company’s stock.

Live Nation Entertainment Trading Up 1.3 %

Shares of NYSE LYV opened at $95.89 on Tuesday. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 10.83. Live Nation Entertainment, Inc. has a twelve month low of $76.48 and a twelve month high of $107.24. The company’s fifty day moving average is $98.60 and its 200-day moving average is $91.79. The stock has a market cap of $22.19 billion, a price-to-earnings ratio of 91.39, a P/E/G ratio of 1.92 and a beta of 1.34.

Live Nation Entertainment (NYSE:LYV) last posted its earnings results on Thursday, May 2nd. The company reported ($0.53) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.32). The business had revenue of $3.80 billion during the quarter, compared to analyst estimates of $3.26 billion. Live Nation Entertainment had a net margin of 2.22% and a return on equity of 90.67%. The firm’s revenue was up 21.5% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.25) earnings per share. Equities research analysts predict that Live Nation Entertainment, Inc. will post 1.63 EPS for the current year.

Analyst Ratings Changes

Several research firms recently weighed in on LYV. Oppenheimer boosted their price objective on shares of Live Nation Entertainment from $105.00 to $115.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 21st. Deutsche Bank Aktiengesellschaft lifted their price objective on Live Nation Entertainment from $120.00 to $121.00 and gave the stock a “buy” rating in a research report on Monday. Roth Capital raised Live Nation Entertainment from a “neutral” rating to a “buy” rating in a report on Thursday, January 11th. Roth Mkm reiterated a “buy” rating and set a $120.00 price target on shares of Live Nation Entertainment in a research report on Tuesday, April 23rd. Finally, TD Cowen restated a “buy” rating and issued a $108.00 price objective on shares of Live Nation Entertainment in a report on Tuesday, April 16th. One equities research analyst has rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $117.00.

Insider Buying and Selling

In other news, Director Jeffrey T. Hinson sold 1,001 shares of the company’s stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $100.50, for a total value of $100,600.50. Following the completion of the transaction, the director now owns 59,374 shares in the company, valued at $5,967,087. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 2.85% of the stock is owned by company insiders.

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.