Yousif Capital Management LLC Grows Holdings in Live Nation Entertainment, Inc. (NYSE:LYV)

Yousif Capital Management LLC lifted its position in shares of Live Nation Entertainment, Inc. (NYSE:LYV) by 73.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,877 shares of the company’s stock after acquiring an additional 14,328 shares during the quarter. Yousif Capital Management LLC’s holdings in Live Nation Entertainment were worth $3,171,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Cumberland Partners Ltd grew its holdings in Live Nation Entertainment by 66.7% in the fourth quarter. Cumberland Partners Ltd now owns 17,500 shares of the company’s stock valued at $1,638,000 after purchasing an additional 7,000 shares during the period. GAMMA Investing LLC purchased a new stake in Live Nation Entertainment in the 4th quarter worth $153,000. California Public Employees Retirement System raised its position in Live Nation Entertainment by 1.7% during the fourth quarter. California Public Employees Retirement System now owns 288,492 shares of the company’s stock worth $27,003,000 after acquiring an additional 4,880 shares during the period. Greenwich Wealth Management LLC purchased a new position in Live Nation Entertainment during the fourth quarter valued at $216,000. Finally, North Star Asset Management Inc. increased its stake in shares of Live Nation Entertainment by 15.1% during the fourth quarter. North Star Asset Management Inc. now owns 51,996 shares of the company’s stock worth $4,867,000 after purchasing an additional 6,815 shares in the last quarter. 74.52% of the stock is currently owned by institutional investors and hedge funds.

Live Nation Entertainment Stock Up 1.5 %

LYV stock opened at $89.83 on Monday. The firm has a market cap of $20.73 billion, a PE ratio of 67.54 and a beta of 1.30. Live Nation Entertainment, Inc. has a one year low of $65.20 and a one year high of $107.24. The company has a debt-to-equity ratio of 9.30, a quick ratio of 0.96 and a current ratio of 0.96. The firm’s 50 day moving average price is $98.87 and its 200-day moving average price is $91.59.

Live Nation Entertainment (NYSE:LYV) last announced its quarterly earnings results on Thursday, February 22nd. The company reported ($1.22) EPS for the quarter, missing the consensus estimate of ($1.13) by ($0.09). The business had revenue of $5.84 billion during the quarter, compared to analyst estimates of $4.72 billion. Live Nation Entertainment had a net margin of 2.48% and a return on equity of 118.42%. On average, equities research analysts anticipate that Live Nation Entertainment, Inc. will post 1.62 EPS for the current year.

Insiders Place Their Bets

In other news, Director Jeffrey T. Hinson sold 1,001 shares of the business’s stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $100.50, for a total value of $100,600.50. Following the sale, the director now directly owns 59,374 shares of the company’s stock, valued at approximately $5,967,087. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.85% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on LYV shares. JPMorgan Chase & Co. raised their price target on shares of Live Nation Entertainment from $124.00 to $126.00 and gave the company an “overweight” rating in a research note on Friday, February 23rd. Roth Capital raised Live Nation Entertainment from a “neutral” rating to a “buy” rating in a research note on Thursday, January 11th. Morgan Stanley boosted their price target on Live Nation Entertainment from $110.00 to $120.00 and gave the stock an “overweight” rating in a research report on Friday, February 23rd. Oppenheimer lifted their target price on shares of Live Nation Entertainment from $105.00 to $115.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 21st. Finally, Roth Mkm reiterated a “buy” rating and issued a $120.00 target price on shares of Live Nation Entertainment in a research report on Tuesday, April 23rd. One research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $116.30.

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.