Live Nation Entertainment, Inc. (NYSE:LYV) was the recipient of unusually large options trading on Monday. Traders purchased 5,012 put options on the stock. This is an increase of approximately 638% compared to the typical daily volume of 679 put options.

Shares of Live Nation Entertainment (LYV) opened at $42.69 on Thursday. The company has a market cap of $9,014.41, a price-to-earnings ratio of 2,179.50 and a beta of 1.05. Live Nation Entertainment has a 1 year low of $26.41 and a 1 year high of $46.99. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 1.39.

Live Nation Entertainment (NYSE:LYV) last issued its earnings results on Thursday, November 2nd. The company reported $0.53 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.02). The business had revenue of $3.56 billion for the quarter, compared to the consensus estimate of $3.36 billion. Live Nation Entertainment had a net margin of 0.50% and a return on equity of 3.33%. The business’s revenue was up 12.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.49 EPS. equities research analysts forecast that Live Nation Entertainment will post 0.2 earnings per share for the current fiscal year.

Several research analysts have issued reports on LYV shares. Jefferies Group reaffirmed a “buy” rating and set a $42.00 price objective on shares of Live Nation Entertainment in a report on Tuesday, September 12th. Zacks Investment Research raised Live Nation Entertainment from a “hold” rating to a “buy” rating and set a $48.00 price objective on the stock in a report on Tuesday, October 10th. J P Morgan Chase & Co reiterated a “buy” rating on shares of Live Nation Entertainment in a research report on Wednesday, October 18th. Finally, Macquarie reiterated a “buy” rating and set a $48.00 target price on shares of Live Nation Entertainment in a research report on Sunday, November 5th. Four investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Live Nation Entertainment has a consensus rating of “Buy” and a consensus target price of $42.86.

In other Live Nation Entertainment news, EVP Michael Rowles sold 46,511 shares of the company’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $43.35, for a total transaction of $2,016,251.85. Following the transaction, the executive vice president now owns 192,054 shares of the company’s stock, valued at approximately $8,325,540.90. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Michael Rapino sold 70,000 shares of the company’s stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $45.46, for a total value of $3,182,200.00. Following the transaction, the chief executive officer now directly owns 395,277 shares in the company, valued at approximately $17,969,292.42. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,106,511 shares of company stock worth $49,467,752. Company insiders own 4.77% of the company’s stock.

Several institutional investors have recently modified their holdings of LYV. Chicago Equity Partners LLC bought a new stake in shares of Live Nation Entertainment in the 2nd quarter valued at $3,674,000. The Manufacturers Life Insurance Company increased its position in shares of Live Nation Entertainment by 2.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 198,179 shares of the company’s stock valued at $6,906,000 after buying an additional 5,319 shares in the last quarter. BB&T Corp increased its position in shares of Live Nation Entertainment by 2.8% in the 3rd quarter. BB&T Corp now owns 177,974 shares of the company’s stock valued at $7,751,000 after buying an additional 4,895 shares in the last quarter. Fisher Asset Management LLC increased its position in shares of Live Nation Entertainment by 8.2% in the 3rd quarter. Fisher Asset Management LLC now owns 453,765 shares of the company’s stock valued at $19,761,000 after buying an additional 34,434 shares in the last quarter. Finally, BNP Paribas Arbitrage SA increased its position in shares of Live Nation Entertainment by 82.4% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 53,630 shares of the company’s stock valued at $1,869,000 after buying an additional 24,226 shares in the last quarter. Institutional investors own 68.09% of the company’s stock.

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About Live Nation Entertainment

Live Nation Entertainment, Inc is a live entertainment company. The Company’s businesses consist of the promotion of live events, including ticketing, sponsorship and advertising. Its segments include Concerts, Sponsorship & Advertising, Ticketing and Artist Nation. The Concerts segment is engaged in promotion of live music events in its owned or operated venues and in rented third-party venues; operation and management of music venues; production of music festivals, and creation of associated content.

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