Magnus Financial Group LLC Invests $210,000 in Live Nation Entertainment, Inc. (NYSE:LYV)

Magnus Financial Group LLC bought a new stake in Live Nation Entertainment, Inc. (NYSE:LYV) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,619 shares of the company’s stock, valued at approximately $210,000.

A number of other large investors also recently modified their holdings of LYV. Brooklyn Investment Group purchased a new position in Live Nation Entertainment in the 3rd quarter worth $31,000. World Investment Advisors LLC bought a new position in Live Nation Entertainment during the 3rd quarter valued at approximately $38,000. Reston Wealth Management LLC bought a new position in shares of Live Nation Entertainment during the third quarter valued at approximately $41,000. Morse Asset Management Inc purchased a new stake in shares of Live Nation Entertainment in the 3rd quarter worth about $42,000. Finally, Retirement Wealth Solutions LLC purchased a new stake in Live Nation Entertainment in the fourth quarter worth about $44,000. 74.52% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

LYV has been the topic of a number of research reports. StockNews.com upgraded shares of Live Nation Entertainment from a “sell” rating to a “hold” rating in a report on Wednesday, November 20th. JPMorgan Chase & Co. increased their target price on Live Nation Entertainment from $137.00 to $150.00 and gave the company an “overweight” rating in a research note on Thursday, December 12th. Macquarie lifted their price target on shares of Live Nation Entertainment from $130.00 to $146.00 and gave the stock an “outperform” rating in a research note on Friday, November 15th. Bank of America lifted their price objective on Live Nation Entertainment from $125.00 to $149.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Finally, Guggenheim upped their target price on shares of Live Nation Entertainment from $146.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. Two investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $145.40.

Live Nation Entertainment Stock Up 0.4 %

Shares of LYV stock opened at $139.12 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 6.10. The stock has a market cap of $32.32 billion, a P/E ratio of 147.99, a PEG ratio of 1.61 and a beta of 1.38. Live Nation Entertainment, Inc. has a 52 week low of $86.67 and a 52 week high of $141.18. The company’s fifty day simple moving average is $134.36 and its two-hundred day simple moving average is $114.50.

Live Nation Entertainment (NYSE:LYV) last released its quarterly earnings data on Monday, November 11th. The company reported $1.66 EPS for the quarter, beating the consensus estimate of $1.58 by $0.08. The business had revenue of $7.65 billion during the quarter, compared to analyst estimates of $7.75 billion. Live Nation Entertainment had a net margin of 2.11% and a return on equity of 77.62%. Live Nation Entertainment’s quarterly revenue was down 6.2% compared to the same quarter last year. During the same quarter last year, the business earned $1.78 earnings per share. Analysts predict that Live Nation Entertainment, Inc. will post 1.02 EPS for the current fiscal year.

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.