3,697 Shares in Live Nation Entertainment, Inc. (NYSE:LYV) Purchased by Oak Thistle LLC

Oak Thistle LLC purchased a new stake in Live Nation Entertainment, Inc. (NYSE:LYV) in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 3,697 shares of the company’s stock, valued at approximately $391,000.

Several other large investors also recently made changes to their positions in LYV. Guidance Capital Inc. acquired a new stake in Live Nation Entertainment during the first quarter valued at approximately $910,000. Vanguard Capital Wealth Advisors acquired a new stake in shares of Live Nation Entertainment during the 1st quarter valued at $270,000. Procyon Advisors LLC boosted its stake in shares of Live Nation Entertainment by 8.7% during the 1st quarter. Procyon Advisors LLC now owns 8,440 shares of the company’s stock worth $893,000 after acquiring an additional 672 shares in the last quarter. Gateway Investment Advisers LLC grew its holdings in shares of Live Nation Entertainment by 2.8% in the 1st quarter. Gateway Investment Advisers LLC now owns 84,535 shares of the company’s stock worth $8,941,000 after acquiring an additional 2,299 shares during the last quarter. Finally, Doliver Advisors LP raised its position in shares of Live Nation Entertainment by 23.6% during the first quarter. Doliver Advisors LP now owns 5,374 shares of the company’s stock worth $568,000 after purchasing an additional 1,025 shares during the period. Institutional investors own 74.52% of the company’s stock.

Live Nation Entertainment Price Performance

LYV opened at $94.77 on Tuesday. The stock has a fifty day moving average price of $93.14 and a 200 day moving average price of $94.42. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 10.83. Live Nation Entertainment, Inc. has a 1 year low of $76.48 and a 1 year high of $107.24. The stock has a market cap of $21.77 billion, a price-to-earnings ratio of 90.26, a PEG ratio of 1.92 and a beta of 1.34.

Live Nation Entertainment (NYSE:LYV) last announced its quarterly earnings results on Thursday, May 2nd. The company reported ($0.53) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.21) by ($0.32). Live Nation Entertainment had a net margin of 2.22% and a return on equity of 90.67%. The firm had revenue of $3.80 billion for the quarter, compared to analyst estimates of $3.26 billion. During the same quarter in the prior year, the firm earned ($0.25) earnings per share. The firm’s quarterly revenue was up 21.5% compared to the same quarter last year. Analysts forecast that Live Nation Entertainment, Inc. will post 1.37 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently weighed in on LYV. TD Cowen reiterated a “buy” rating and issued a $108.00 price target on shares of Live Nation Entertainment in a research report on Tuesday, April 16th. Redburn Atlantic upgraded shares of Live Nation Entertainment from a “neutral” rating to a “buy” rating and raised their target price for the stock from $114.00 to $115.00 in a report on Thursday, May 9th. Northcoast Research lowered shares of Live Nation Entertainment from a “buy” rating to a “neutral” rating in a report on Tuesday, May 28th. Oppenheimer reaffirmed an “outperform” rating and issued a $110.00 price objective on shares of Live Nation Entertainment in a research note on Tuesday, June 25th. Finally, Roth Mkm reissued a “buy” rating and set a $120.00 target price on shares of Live Nation Entertainment in a research note on Friday, May 24th. Two research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $115.58.

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.