Vanguard Capital Wealth Advisors Purchases New Shares in Live Nation Entertainment, Inc. (NYSE:LYV)

Vanguard Capital Wealth Advisors acquired a new stake in Live Nation Entertainment, Inc. (NYSE:LYV) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 2,300 shares of the company’s stock, valued at approximately $298,000.

Other hedge funds have also modified their holdings of the company. Measured Risk Portfolios Inc. acquired a new position in Live Nation Entertainment in the 4th quarter worth about $29,000. Murphy & Mullick Capital Management Corp acquired a new position in shares of Live Nation Entertainment during the 4th quarter worth approximately $40,000. Golden State Wealth Management LLC acquired a new stake in Live Nation Entertainment in the 4th quarter valued at $42,000. Independence Bank of Kentucky purchased a new stake in Live Nation Entertainment in the 4th quarter worth $45,000. Finally, Comprehensive Financial Planning Inc. PA acquired a new position in Live Nation Entertainment during the fourth quarter worth $53,000. 74.52% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently commented on LYV shares. Morgan Stanley boosted their target price on shares of Live Nation Entertainment from $150.00 to $170.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 18th. Susquehanna initiated coverage on Live Nation Entertainment in a research note on Monday, April 28th. They set a “positive” rating and a $155.00 price objective for the company. JPMorgan Chase & Co. raised their target price on Live Nation Entertainment from $150.00 to $170.00 and gave the company an “overweight” rating in a research report on Friday, February 21st. The Goldman Sachs Group lifted their price target on Live Nation Entertainment from $148.00 to $166.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. Finally, Rosenblatt Securities reduced their price objective on Live Nation Entertainment from $174.00 to $170.00 and set a “buy” rating for the company in a research note on Friday, May 2nd. Two analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat.com, Live Nation Entertainment presently has an average rating of “Moderate Buy” and an average price target of $162.07.

Live Nation Entertainment Trading Up 0.5%

LYV opened at $148.41 on Tuesday. The company has a debt-to-equity ratio of 6.10, a current ratio of 1.01 and a quick ratio of 1.01. The stock has a market capitalization of $34.40 billion, a price-to-earnings ratio of 54.56, a PEG ratio of 1.81 and a beta of 1.47. The business has a fifty day moving average price of $129.91 and a 200 day moving average price of $134.33. Live Nation Entertainment, Inc. has a 12 month low of $86.81 and a 12 month high of $157.75.

Live Nation Entertainment (NYSE:LYV) last issued its earnings results on Thursday, May 1st. The company reported ($0.32) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.29). The firm had revenue of $3.38 billion during the quarter, compared to analyst estimates of $3.63 billion. Live Nation Entertainment had a net margin of 3.90% and a return on equity of 139.09%. The firm’s revenue was down 11.0% compared to the same quarter last year. During the same period last year, the business earned $0.60 EPS. Sell-side analysts expect that Live Nation Entertainment, Inc. will post 2.38 earnings per share for the current fiscal year.

Insider Buying and Selling at Live Nation Entertainment

In other news, Director Jeffrey T. Hinson sold 500 shares of the stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $122.95, for a total value of $61,475.00. Following the completion of the sale, the director now directly owns 52,624 shares of the company’s stock, valued at approximately $6,470,120.80. This represents a 0.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Michael Rowles sold 63,136 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $155.40, for a total transaction of $9,811,334.40. Following the transaction, the executive vice president now owns 195,346 shares in the company, valued at approximately $30,356,768.40. This trade represents a 24.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 68,702 shares of company stock worth $10,497,143 over the last three months. Insiders own 3.01% 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.