Bain Capital Public Equity LP Makes New $3.54 Million Investment in Live Nation Entertainment, Inc. (NYSE:LYV)

Bain Capital Public Equity LP bought a new position in shares of Live Nation Entertainment, Inc. (NYSE:LYV - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 27,367 shares of the company's stock, valued at approximately $3,544,000. Live Nation Entertainment accounts for about 2.3% of Bain Capital Public Equity LP's holdings, making the stock its 19th largest position.

Several other hedge funds have also modified their holdings of LYV. World Investment Advisors LLC acquired a new stake in Live Nation Entertainment in the 3rd quarter valued at about $38,000. Murphy & Mullick Capital Management Corp acquired a new position in Live Nation Entertainment during the 4th quarter worth approximately $40,000. Golden State Wealth Management LLC purchased a new stake in shares of Live Nation Entertainment in the 4th quarter valued at approximately $42,000. Retirement Wealth Solutions LLC purchased a new stake in shares of Live Nation Entertainment during the 4th quarter worth $44,000. Finally, Independence Bank of Kentucky purchased a new position in Live Nation Entertainment in the fourth quarter valued at $45,000. 74.52% of the stock is currently owned by institutional investors and hedge funds.

Live Nation Entertainment Stock Performance

Shares of LYV stock traded down $1.84 during trading hours on Tuesday, reaching $134.28. 1,499,996 shares of the company's stock were exchanged, compared to its average volume of 2,235,299. The company has a debt-to-equity ratio of 6.10, a current ratio of 1.01 and a quick ratio of 1.01. Live Nation Entertainment, Inc. has a 1 year low of $86.81 and a 1 year high of $157.75. The company has a market cap of $31.43 billion, a P/E ratio of 49.37, a price-to-earnings-growth ratio of 1.81 and a beta of 1.47. The company's 50 day moving average is $128.16 and its two-hundred day moving average is $132.65.

Live Nation Entertainment (NYSE:LYV - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported ($0.32) EPS for the quarter, missing analysts' consensus estimates of ($0.03) by ($0.29). The business had revenue of $3.38 billion during the quarter, compared to analyst estimates of $3.63 billion. Live Nation Entertainment had a net margin of 3.90% and a return on equity of 139.09%. Live Nation Entertainment's revenue was down 11.0% compared to the same quarter last year. During the same period last year, the business posted $0.60 EPS. Equities research analysts anticipate that Live Nation Entertainment, Inc. will post 2.38 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on LYV. Rosenblatt Securities lowered their price objective on Live Nation Entertainment from $174.00 to $170.00 and set a "buy" rating for the company in a research report on Friday. The Goldman Sachs Group boosted their price target on shares of Live Nation Entertainment from $148.00 to $166.00 and gave the company a "buy" rating in a research report on Thursday, February 13th. JPMorgan Chase & Co. lifted their target price on Live Nation Entertainment from $150.00 to $170.00 and gave the stock an "overweight" rating in a research report on Friday, February 21st. Macquarie raised their price target on Live Nation Entertainment from $146.00 to $165.00 and gave the stock an "outperform" rating in a research note on Thursday, March 6th. Finally, Susquehanna assumed coverage on Live Nation Entertainment in a research note on Monday, April 28th. They issued a "positive" rating and a $155.00 price objective for the company. Two investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $159.13.

Insiders Place Their Bets

In related news, Director Jeffrey T. Hinson sold 500 shares of the company's stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $122.95, for a total value of $61,475.00. Following the sale, the director now owns 52,624 shares in the company, valued at $6,470,120.80. This represents a 0.94 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Brian Capo sold 5,066 shares of Live Nation Entertainment stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $123.24, for a total value of $624,333.84. Following the transaction, the chief accounting officer now directly owns 10,549 shares of the company's stock, valued at approximately $1,300,058.76. This represents a 32.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 68,702 shares of company stock worth $10,497,143. 2.72% of the stock is owned by company 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.