GSA Capital Partners LLP Raises Holdings in Live Nation Entertainment, Inc. (NYSE:LYV)

Key Points

• GSA Capital Partners LLP increased its position in Live Nation Entertainment by 170.2%, acquiring an additional 2,754 shares, raising its total to 4,372 shares valued at approximately $571,000.
• The stock has seen varied analyst ratings, with one hold and seventeen buy ratings, resulting in a consensus rating of "Moderate Buy" and a target price of $165.82.
• Live Nation Entertainment's recent earnings report showed a loss of $0.32 earnings per share, missing analyst estimates, with revenues down 11% year-over-year at $3.38 billion.

GSA Capital Partners LLP lifted its stake in Live Nation Entertainment, Inc. (NYSE:LYV - Free Report) by 170.2% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,372 shares of the company's stock after buying an additional 2,754 shares during the quarter. GSA Capital Partners LLP's holdings in Live Nation Entertainment were worth $571,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Measured Risk Portfolios Inc. purchased a new stake in Live Nation Entertainment in the 4th quarter worth approximately $29,000. Wayfinding Financial LLC purchased a new position in Live Nation Entertainment during the first quarter worth about $30,000. Chilton Capital Management LLC purchased a new position in Live Nation Entertainment during the 1st quarter valued at about $33,000. N.E.W. Advisory Services LLC purchased a new stake in shares of Live Nation Entertainment during the first quarter worth $42,000. Finally, GW&K Investment Management LLC raised its holdings in Live Nation Entertainment by 690.2% in the first quarter. GW&K Investment Management LLC now owns 324 shares of the company's stock valued at $42,000 after acquiring an additional 283 shares in the last quarter. Institutional investors own 74.52% of the company's stock.

Live Nation Entertainment Trading Down 0.9%

Shares of NYSE:LYV traded down $1.29 during trading on Thursday, reaching $148.00. 2,273,987 shares of the company traded hands, compared to its average volume of 2,488,286. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 7.43. The firm has a market capitalization of $34.30 billion, a price-to-earnings ratio of 50.41, a P/E/G ratio of 5.86 and a beta of 1.46. Live Nation Entertainment, Inc. has a 52-week low of $89.69 and a 52-week high of $157.75. The business's fifty day moving average is $146.83 and its 200-day moving average is $139.82.

Insider Buying and Selling

In other Live Nation Entertainment news, EVP John Hopmans sold 34,808 shares of Live Nation Entertainment stock in a transaction on Friday, May 16th. The stock was sold at an average price of $147.38, for a total value of $5,130,003.04. Following the completion of the sale, the executive vice president owned 189,456 shares of the company's stock, valued at approximately $27,922,025.28. This trade represents a 15.52% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 3.01% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on LYV shares. Rosenblatt Securities cut their target price on shares of Live Nation Entertainment from $174.00 to $170.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. Morgan Stanley set a $180.00 price objective on Live Nation Entertainment in a research report on Thursday, July 24th. Susquehanna set a $165.00 price objective on shares of Live Nation Entertainment and gave the company a "positive" rating in a research note on Tuesday, June 10th. Roth Mkm lowered their price target on shares of Live Nation Entertainment from $174.00 to $164.00 and set a "buy" rating for the company in a report on Friday, May 2nd. Finally, Wolfe Research raised their price objective on Live Nation Entertainment from $160.00 to $168.00 and gave the stock an "outperform" rating in a research note on Tuesday, June 10th. One research analyst has rated the stock with a hold rating and seventeen have given a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $165.82.

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.