Yousif Capital Management LLC Has $2.26 Million Stake in Live Nation Entertainment, Inc. $LYV

by · The Cerbat Gem

Yousif Capital Management LLC lowered its position in Live Nation Entertainment, Inc. (NYSE:LYV – Free Report) by 20.5% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 16,048 shares of the company’s stock after selling 4,136 shares during the period. Yousif Capital Management LLC’s holdings in Live Nation Entertainment were worth $2,257,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Ameriflex Group Inc. lifted its position in shares of Live Nation Entertainment by 102.4% in the 3rd quarter. Ameriflex Group Inc. now owns 166 shares of the company’s stock worth $27,000 after purchasing an additional 84 shares during the period. Atwood & Palmer Inc. acquired a new position in shares of Live Nation Entertainment in the 3rd quarter worth approximately $33,000. Heartwood Wealth Advisors LLC acquired a new position in shares of Live Nation Entertainment in the 3rd quarter worth approximately $34,000. Measured Risk Portfolios Inc. acquired a new position in shares of Live Nation Entertainment in the 3rd quarter worth approximately $37,000. Finally, Root Financial Partners LLC acquired a new position in shares of Live Nation Entertainment during the 3rd quarter valued at $37,000. Institutional investors and hedge funds own 74.52% of the company’s stock.

Insider Activity

In other news, Director Jeffrey T. Hinson sold 944 shares of the company’s stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $165.87, for a total value of $156,581.28. Following the completion of the sale, the director owned 48,030 shares in the company, valued at $7,966,736.10. This represents a 1.93% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.72% of the stock is currently owned by insiders.

Live Nation Entertainment Stock Performance

LYV opened at $160.73 on Monday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 8.51. The company’s fifty day moving average price is $155.24 and its two-hundred day moving average price is $148.48. Live Nation Entertainment, Inc. has a 1-year low of $122.08 and a 1-year high of $175.25. The company has a market cap of $37.74 billion, a price-to-earnings ratio of -669.71 and a beta of 1.15.

Live Nation Entertainment (NYSE:LYV – Get Free Report) last released its quarterly earnings data on Thursday, February 19th. The company reported ($1.06) earnings per share for the quarter, missing the consensus estimate of ($1.00) by ($0.06). Live Nation Entertainment had a return on equity of 48.11% and a net margin of 1.79%.The business had revenue of $6.31 billion for the quarter, compared to analyst estimates of $6.12 billion. During the same quarter in the previous year, the company posted $0.58 EPS. The business’s quarterly revenue was up 11.1% on a year-over-year basis. On average, analysts expect that Live Nation Entertainment, Inc. will post 2.38 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Live Nation Entertainment from $160.00 to $180.00 and gave the company a “buy” rating in a research report on Monday, February 23rd. Wall Street Zen upgraded shares of Live Nation Entertainment from a “sell” rating to a “hold” rating in a research report on Saturday. Wolfe Research boosted their target price on shares of Live Nation Entertainment from $175.00 to $186.00 and gave the company an “outperform” rating in a research report on Friday, February 20th. JPMorgan Chase & Co. boosted their target price on shares of Live Nation Entertainment from $170.00 to $180.00 and gave the company an “overweight” rating in a research report on Friday, February 20th. Finally, Roth Mkm reiterated a “buy” rating and set a $190.00 target price on shares of Live Nation Entertainment in a research report on Friday, February 20th. Twenty-one research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $185.19.

Get Our Latest Stock Report on Live Nation Entertainment

Live Nation Entertainment Profile

(Free Report)

Live Nation Entertainment is a global live entertainment company that promotes, operates and sells tickets for live events. The company’s core activities include concert promotion and production, venue operations and management, ticketing services through its Ticketmaster platform, artist management and development, and sponsorship and advertising services tied to live events. These integrated businesses are designed to connect artists, fans and commercial partners across the live event ecosystem.

The company in its current form was created following the 2010 merger of Live Nation and Ticketmaster, combining a promoter and venue operator with one of the industry’s largest ticketing platforms.

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