KRS Capital Management LLC Makes New $233,000 Investment in Live Nation Entertainment, Inc. (NYSE:LYV)

KRS Capital Management LLC bought a new position in shares of Live Nation Entertainment, Inc. (NYSE:LYV) in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 1,800 shares of the company’s stock, valued at approximately $233,000.

Other large investors have also recently added to or reduced their stakes in the company. Sanibel Captiva Trust Company Inc. boosted its stake in shares of Live Nation Entertainment by 3.1% during the 4th quarter. Sanibel Captiva Trust Company Inc. now owns 10,972 shares of the company’s stock worth $1,421,000 after buying an additional 330 shares during the last quarter. Retirement Wealth Solutions LLC acquired a new position in shares of Live Nation Entertainment during the 4th quarter worth about $44,000. Avanza Fonder AB acquired a new position in shares of Live Nation Entertainment during the 4th quarter worth about $1,638,000. Procyon Advisors LLC boosted its stake in shares of Live Nation Entertainment by 5.4% during the 4th quarter. Procyon Advisors LLC now owns 10,049 shares of the company’s stock worth $1,301,000 after buying an additional 514 shares during the last quarter. Finally, Hennessy Advisors Inc. boosted its stake in shares of Live Nation Entertainment by 6.8% during the 4th quarter. Hennessy Advisors Inc. now owns 97,000 shares of the company’s stock worth $12,562,000 after buying an additional 6,200 shares during the last quarter. Institutional investors own 74.52% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on LYV shares. Oppenheimer raised their target price on shares of Live Nation Entertainment from $120.00 to $155.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. Roth Mkm raised their target price on shares of Live Nation Entertainment from $132.00 to $152.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Benchmark increased their price target on shares of Live Nation Entertainment from $144.00 to $160.00 and gave the company a “buy” rating in a report on Thursday, December 19th. Bank of America increased their price target on shares of Live Nation Entertainment from $125.00 to $149.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Finally, Citigroup increased their price target on shares of Live Nation Entertainment from $130.00 to $163.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Two equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $145.40.

Live Nation Entertainment Price Performance

Live Nation Entertainment stock traded up $2.15 during mid-day trading on Friday, reaching $135.71. The company had a trading volume of 1,220,340 shares, compared to its average volume of 1,390,037. Live Nation Entertainment, Inc. has a fifty-two week low of $86.67 and a fifty-two week high of $141.18. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 6.10. The company has a market cap of $31.53 billion, a P/E ratio of 144.37, a P/E/G ratio of 1.50 and a beta of 1.38. The business has a fifty day simple moving average of $133.51 and a 200 day simple moving average of $113.32.

Live Nation Entertainment (NYSE:LYV) last issued its quarterly earnings results on Monday, November 11th. The company reported $1.66 EPS for the quarter, topping analysts’ consensus estimates of $1.58 by $0.08. The company had revenue of $7.65 billion for 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 revenue was down 6.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.78 earnings per share. On average, equities research analysts predict that Live Nation Entertainment, Inc. will post 1.02 earnings per share for the current 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.