JT Stratford LLC Makes New $269,000 Investment in Live Nation Entertainment, Inc. (NYSE:LYV)

JT Stratford LLC purchased a new stake in shares of Live Nation Entertainment, Inc. (NYSE:LYV - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 2,078 shares of the company's stock, valued at approximately $269,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Measured Risk Portfolios Inc. bought a new stake in Live Nation Entertainment during the fourth quarter valued at approximately $29,000. Murphy & Mullick Capital Management Corp purchased a new stake in shares of Live Nation Entertainment during the 4th quarter valued at $40,000. Golden State Wealth Management LLC bought a new stake in shares of Live Nation Entertainment during the 4th quarter worth $42,000. Independence Bank of Kentucky purchased a new position in Live Nation Entertainment in the fourth quarter worth $45,000. Finally, Comprehensive Financial Planning Inc. PA bought a new position in Live Nation Entertainment in the fourth quarter valued at $53,000. Hedge funds and other institutional investors own 74.52% of the company's stock.

Live Nation Entertainment Stock Up 0.1%

NYSE LYV opened at $144.30 on Friday. Live Nation Entertainment, Inc. has a 1 year low of $86.81 and a 1 year high of $157.75. The stock has a market capitalization of $33.44 billion, a PE ratio of 53.05, a PEG ratio of 1.81 and a beta of 1.47. The company has a debt-to-equity ratio of 6.10, a current ratio of 1.01 and a quick ratio of 1.01. The business's 50-day moving average is $131.48 and its 200 day moving average is $134.66.

Live Nation Entertainment (NYSE:LYV - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The company reported ($0.32) earnings per share for the quarter, missing analysts' consensus estimates of ($0.03) by ($0.29). Live Nation Entertainment had a return on equity of 139.09% and a net margin of 3.90%. The business had revenue of $3.38 billion during the quarter, compared to the consensus estimate of $3.63 billion. During the same quarter in the prior year, the business posted $0.60 earnings per share. Live Nation Entertainment's quarterly revenue was down 11.0% compared to the same quarter last year. Sell-side analysts forecast that Live Nation Entertainment, Inc. will post 2.38 earnings per share for the current year.

Analysts Set New Price Targets

LYV has been the topic of several recent research reports. Macquarie increased their price objective on Live Nation Entertainment from $146.00 to $165.00 and gave the company an "outperform" rating in a research report on Thursday, March 6th. Morgan Stanley lifted their price target on shares of Live Nation Entertainment from $150.00 to $170.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 18th. Susquehanna assumed coverage on shares of Live Nation Entertainment in a report on Monday, April 28th. They issued a "positive" rating and a $155.00 price objective for the company. Rosenblatt Securities reduced 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. Finally, Bank of America boosted their price target on shares of Live Nation Entertainment from $149.00 to $175.00 and gave the stock a "buy" rating in a research note on Monday, February 24th. Two equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat, Live Nation Entertainment currently has an average rating of "Moderate Buy" and a consensus target price of $162.07.

Insider Buying and Selling

In other Live Nation Entertainment news, CAO Brian Capo sold 5,066 shares of the firm's stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $123.24, for a total value of $624,333.84. Following the completion of the sale, the chief accounting officer now directly owns 10,549 shares in the company, valued at $1,300,058.76. This trade represents a 32.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Michael Rowles sold 63,136 shares of the company's stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $155.40, for a total value of $9,811,334.40. Following the transaction, the executive vice president now owns 195,346 shares in the company, valued at $30,356,768.40. This trade represents a 24.43% decrease in their position. The disclosure for this sale can be found here. Insiders sold 103,510 shares of company stock valued at $15,627,146 over the last quarter. 3.01% of the stock is owned by company insiders.

About Live Nation Entertainment

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.

Want to see what other hedge funds are holding LYV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Live Nation Entertainment, Inc. (NYSE:LYV - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.