Rational Advisors LLC Raises Stock Holdings in Live Nation Entertainment, Inc. (NYSE:LYV)

Rational Advisors LLC boosted its holdings in shares of Live Nation Entertainment, Inc. (NYSE:LYV) by 11.8% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 37,850 shares of the company’s stock after acquiring an additional 4,000 shares during the quarter. Rational Advisors LLC’s holdings in Live Nation Entertainment were worth $3,548,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of LYV. YHB Investment Advisors Inc. bought a new position in Live Nation Entertainment in the first quarter worth approximately $32,000. Rise Advisors LLC increased its stake in shares of Live Nation Entertainment by 90.3% during the first quarter. Rise Advisors LLC now owns 335 shares of the company’s stock valued at $35,000 after buying an additional 159 shares during the period. Lindbrook Capital LLC lifted its stake in Live Nation Entertainment by 44.1% in the first quarter. Lindbrook Capital LLC now owns 389 shares of the company’s stock worth $41,000 after acquiring an additional 119 shares during the period. Family Firm Inc. bought a new position in Live Nation Entertainment in the second quarter worth approximately $42,000. Finally, SOA Wealth Advisors LLC. boosted its position in Live Nation Entertainment by 238.1% during the 1st quarter. SOA Wealth Advisors LLC. now owns 852 shares of the company’s stock valued at $90,000 after acquiring an additional 600 shares in the last quarter. Institutional investors own 74.52% of the company’s stock.

Live Nation Entertainment Trading Down 0.7 %

LYV traded down $0.64 on Monday, reaching $96.14. 1,000,976 shares of the company’s stock were exchanged, compared to its average volume of 2,142,968. Live Nation Entertainment, Inc. has a twelve month low of $76.48 and a twelve month high of $107.24. The company’s 50 day moving average is $93.82 and its 200-day moving average is $95.47. The company has a debt-to-equity ratio of 9.22, a quick ratio of 0.92 and a current ratio of 0.92. The company has a market cap of $22.09 billion, a price-to-earnings ratio of 91.56, a PEG ratio of 2.18 and a beta of 1.34.

Live Nation Entertainment (NYSE:LYV) last announced its quarterly earnings results on Tuesday, July 30th. The company reported $1.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.06 by ($0.03). The company had revenue of $6.02 billion during the quarter, compared to analyst estimates of $6.02 billion. Live Nation Entertainment had a net margin of 2.20% and a return on equity of 84.78%. The firm’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.02 earnings per share. Equities analysts predict that Live Nation Entertainment, Inc. will post 1.21 earnings per share for the current year.

Analyst Ratings Changes

LYV has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft raised their target price on shares of Live Nation Entertainment from $121.00 to $122.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. JPMorgan Chase & Co. lifted their price objective on shares of Live Nation Entertainment from $116.00 to $118.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 31st. Redburn Atlantic raised shares of Live Nation Entertainment from a “neutral” rating to a “buy” rating and lifted their target price for the company from $114.00 to $115.00 in a report on Thursday, May 9th. Benchmark reissued a “buy” rating and issued a $132.00 price objective on shares of Live Nation Entertainment in a research report on Wednesday, July 31st. Finally, Northcoast Research lowered shares of Live Nation Entertainment from a “buy” rating to a “neutral” rating in a research report on Tuesday, May 28th. Two analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $118.17.

Insider Transactions at Live Nation Entertainment

In other Live Nation Entertainment news, Director Ping Fu sold 1,701 shares of Live Nation Entertainment stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $96.56, for a total value of $164,248.56. Following the completion of the transaction, the director now directly owns 15,128 shares in the company, valued at $1,460,759.68. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Live Nation Entertainment news, Director Jeffrey T. Hinson sold 1,500 shares of the stock in a transaction on Friday, August 16th. The stock was sold at an average price of $94.11, for a total transaction of $141,165.00. Following the completion of the transaction, the director now directly owns 59,789 shares of the company’s stock, valued at approximately $5,626,742.79. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Ping Fu sold 1,701 shares of the business’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $96.56, for a total value of $164,248.56. Following the completion of the sale, the director now directly owns 15,128 shares in the company, valued at approximately $1,460,759.68. The disclosure for this sale can be found here. In the last three months, insiders have sold 8,201 shares of company stock worth $788,464. 2.85% of the stock is currently owned by 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.