Kirr Marbach & Co. LLC IN Purchases 1,547 Shares of Live Nation Entertainment, Inc. $LYV

Key Points

• Kirr Marbach & Co. LLC increased its holdings in Live Nation Entertainment by 3.3%, acquiring an additional 1,547 shares, bringing their total to 48,593 shares valued at $7.35 million.
• Live Nation reported earnings of $0.41 per share for the latest quarter, which missed consensus estimates of $1.08, although revenues of $7.01 billion exceeded expectations.
• The stock has an average price target of **$171.21** from analysts, who predominantly rated it as a "Moderate Buy."

Kirr Marbach & Co. LLC IN boosted its position in Live Nation Entertainment, Inc. (NYSE:LYV - Free Report) by 3.3% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 48,593 shares of the company's stock after purchasing an additional 1,547 shares during the period. Live Nation Entertainment comprises 1.5% of Kirr Marbach & Co. LLC IN's investment portfolio, making the stock its 26th biggest position. Kirr Marbach & Co. LLC IN's holdings in Live Nation Entertainment were worth $7,351,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in Live Nation Entertainment by 3.7% in the 1st quarter. Vanguard Group Inc. now owns 19,882,872 shares of the company's stock worth $2,596,305,000 after purchasing an additional 713,020 shares in the last quarter. Canada Pension Plan Investment Board grew its position in shares of Live Nation Entertainment by 4.4% during the 1st quarter. Canada Pension Plan Investment Board now owns 9,029,939 shares of the company's stock valued at $1,179,129,000 after acquiring an additional 379,924 shares during the period. Principal Financial Group Inc. grew its position in shares of Live Nation Entertainment by 4.0% during the 1st quarter. Principal Financial Group Inc. now owns 7,596,509 shares of the company's stock valued at $991,952,000 after acquiring an additional 294,310 shares during the period. Independent Franchise Partners LLP grew its position in shares of Live Nation Entertainment by 21.4% during the 1st quarter. Independent Franchise Partners LLP now owns 5,698,560 shares of the company's stock valued at $744,118,000 after acquiring an additional 1,004,574 shares during the period. Finally, Massachusetts Financial Services Co. MA grew its position in shares of Live Nation Entertainment by 46.1% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 2,804,375 shares of the company's stock valued at $366,195,000 after acquiring an additional 884,745 shares during the period. 74.52% of the stock is owned by institutional investors.

Live Nation Entertainment Stock Performance

Shares of LYV stock opened at $162.02 on Friday. The stock has a market capitalization of $37.99 billion, a P/E ratio of 70.14, a PEG ratio of 10.93 and a beta of 1.42. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 5.38. The firm's 50 day moving average is $160.79 and its 200 day moving average is $145.15. Live Nation Entertainment, Inc. has a 12 month low of $107.14 and a 12 month high of $175.25.

Live Nation Entertainment (NYSE:LYV - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.08 by ($0.67). Live Nation Entertainment had a return on equity of 105.85% and a net margin of 3.88%.The firm had revenue of $7.01 billion during the quarter, compared to analysts' expectations of $6.93 billion. During the same quarter in the prior year, the company earned $1.03 earnings per share. The business's revenue for the quarter was up 16.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Live Nation Entertainment, Inc. will post 2.38 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on LYV shares. Wolfe Research increased their target price on shares of Live Nation Entertainment from $160.00 to $168.00 and gave the company an "outperform" rating in a research report on Tuesday, June 10th. Sanford C. Bernstein started coverage on shares of Live Nation Entertainment in a research report on Wednesday, June 4th. They set an "outperform" rating and a $185.00 target price for the company. Rothschild & Co Redburn downgraded shares of Live Nation Entertainment from a "buy" rating to a "neutral" rating and increased their target price for the company from $144.00 to $170.00 in a research report on Tuesday, September 16th. Benchmark increased their target price on shares of Live Nation Entertainment from $180.00 to $190.00 and gave the company a "buy" rating in a research report on Friday. Finally, Morgan Stanley set a $180.00 price target on shares of Live Nation Entertainment in a research note on Thursday, July 24th. Eighteen equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $171.21.

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.

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