Kirr Marbach & Co. LLC IN Acquires Shares of 47,046 Live Nation Entertainment, Inc. (NYSE:LYV)

Kirr Marbach & Co. LLC IN bought a new stake in Live Nation Entertainment, Inc. (NYSE:LYV - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 47,046 shares of the company's stock, valued at approximately $6,143,000. Live Nation Entertainment makes up approximately 1.4% of Kirr Marbach & Co. LLC IN's investment portfolio, making the stock its 27th biggest holding.

A number of other institutional investors and hedge funds have also recently bought and sold shares of LYV. Measured Risk Portfolios Inc. acquired a new position in shares of Live Nation Entertainment during the 4th quarter worth about $29,000. Murphy & Mullick Capital Management Corp acquired a new position in shares of Live Nation Entertainment during the 4th quarter worth about $40,000. Smartleaf Asset Management LLC lifted its position in shares of Live Nation Entertainment by 17.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 493 shares of the company's stock worth $65,000 after purchasing an additional 75 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of Live Nation Entertainment during the 4th quarter worth about $74,000. Finally, Optiver Holding B.V. lifted its position in shares of Live Nation Entertainment by 211.0% during the 4th quarter. Optiver Holding B.V. now owns 594 shares of the company's stock worth $77,000 after purchasing an additional 403 shares during the last quarter. Hedge funds and other institutional investors own 74.52% of the company's stock.

Live Nation Entertainment Stock Performance

Live Nation Entertainment stock traded up $2.77 during midday trading on Friday, reaching $149.97. 3,435,746 shares of the company's stock were exchanged, compared to its average volume of 2,355,679. Live Nation Entertainment, Inc. has a 52 week low of $87.33 and a 52 week high of $157.75. The company has a debt-to-equity ratio of 7.43, a quick ratio of 0.96 and a current ratio of 0.96. The firm has a market cap of $34.76 billion, a price-to-earnings ratio of 51.18, a P/E/G ratio of 5.87 and a beta of 1.44. The stock's 50-day simple moving average is $140.54 and its 200 day simple moving average is $136.56.

Live Nation Entertainment (NYSE:LYV - Get Free Report) last posted its quarterly 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). Live Nation Entertainment had a return on equity of 125.77% and a net margin of 4.28%. The business had revenue of $3.38 billion for the quarter, compared to the consensus estimate of $3.63 billion. During the same quarter in the previous year, the business posted $0.60 EPS. The company's revenue for the quarter was down 11.0% on a year-over-year basis. On average, analysts expect that Live Nation Entertainment, Inc. will post 2.38 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have commented on the company. Susquehanna set a $165.00 price target on Live Nation Entertainment and gave the company a "positive" rating in a report on Tuesday, June 10th. Macquarie increased their target price on Live Nation Entertainment from $146.00 to $165.00 and gave the stock an "outperform" rating in a report on Thursday, March 6th. Benchmark reissued a "buy" rating and issued a $178.00 target price on shares of Live Nation Entertainment in a report on Tuesday, April 1st. Guggenheim reissued a "buy" rating and issued a $170.00 target price on shares of Live Nation Entertainment in a report on Wednesday, June 18th. Finally, Rosenblatt Securities dropped their target price on Live Nation Entertainment from $174.00 to $170.00 and set a "buy" rating for the company in a report on Friday, May 2nd. One equities research analyst has rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $165.24.

Insider Activity at Live Nation Entertainment

In related news, EVP John Hopmans sold 34,808 shares of the business's stock in a transaction that occurred 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 now directly owns 189,456 shares in the company, valued at approximately $27,922,025.28. The trade was a 15.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. 3.01% of the stock is currently owned by corporate insiders.

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.