Kirr Marbach & Co. LLC IN Invests $6.14 Million in Live Nation Entertainment, Inc. (NYSE:LYV)

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

A number of other hedge funds and other institutional investors also recently modified their holdings of LYV. Independent Franchise Partners LLP lifted its holdings in shares of Live Nation Entertainment by 207.6% during the fourth quarter. Independent Franchise Partners LLP now owns 4,693,986 shares of the company's stock worth $607,871,000 after buying an additional 3,168,210 shares in the last quarter. Groupama Asset Managment acquired a new stake in shares of Live Nation Entertainment during the fourth quarter worth $259,000,000. Norges Bank acquired a new stake in shares of Live Nation Entertainment during the fourth quarter worth $255,955,000. Jericho Capital Asset Management L.P. lifted its holdings in shares of Live Nation Entertainment by 32.0% during the fourth quarter. Jericho Capital Asset Management L.P. now owns 3,208,082 shares of the company's stock worth $415,447,000 after buying an additional 777,105 shares in the last quarter. Finally, Voloridge Investment Management LLC acquired a new stake in shares of Live Nation Entertainment during the fourth quarter worth $88,394,000. Institutional investors and hedge funds own 74.52% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently commented on LYV shares. Benchmark reaffirmed a "buy" rating and issued a $178.00 price target on shares of Live Nation Entertainment in a research note on Tuesday, April 1st. Rosenblatt Securities dropped their price target on Live Nation Entertainment from $174.00 to $170.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. Roth Mkm dropped their price target on Live Nation Entertainment from $174.00 to $164.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. Macquarie upped their price objective on Live Nation Entertainment from $146.00 to $165.00 and gave the company an "outperform" rating in a research note on Thursday, March 6th. Finally, Wolfe Research upped their price objective on Live Nation Entertainment from $160.00 to $168.00 and gave the company 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. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $165.24.

Insider Activity at Live Nation Entertainment

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

Live Nation Entertainment Stock Performance

Shares of LYV stock opened at $150.88 on Tuesday. The business's 50 day simple moving average is $138.90 and its 200 day simple moving average is $136.21. Live Nation Entertainment, Inc. has a one year low of $87.33 and a one year high of $157.75. The stock has a market capitalization of $34.97 billion, a PE ratio of 51.50, a PEG ratio of 5.90 and a beta of 1.44. The company has a debt-to-equity ratio of 7.43, a current ratio of 0.96 and a quick ratio of 0.96.

Live Nation Entertainment (NYSE:LYV - Get Free Report) last announced its earnings results on Thursday, May 1st. The company reported ($0.32) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.29). Live Nation Entertainment had a net margin of 4.28% and a return on equity of 125.77%. The company had revenue of $3.38 billion during the quarter, compared to the consensus estimate of $3.63 billion. During the same quarter in the previous year, the company earned $0.60 earnings per share. The business's revenue was down 11.0% on a year-over-year basis. As a group, research analysts forecast that Live Nation Entertainment, Inc. will post 2.38 earnings per share for the current year.

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.

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