Live Nation Entertainment, Inc. $LYV Shares Bought by Anderson Financial Strategies LLC

Key Points

• Anderson Financial Strategies LLC increased its stake in Live Nation Entertainment by 26.9%, now owning 13,578 shares, valued at approximately $1.77 million.
• Recent research analyses show a consensus "Buy" rating for Live Nation Entertainment, with target prices ranging from $165.00 to $195.00.
• Live Nation reported a quarterly revenue of $7.01 billion, surpassing expectations, although its EPS of $0.41 fell short of the analysts' estimates of $1.08.

Anderson Financial Strategies LLC grew its position in shares of Live Nation Entertainment, Inc. (NYSE:LYV - Free Report) by 26.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,578 shares of the company's stock after acquiring an additional 2,880 shares during the quarter. Live Nation Entertainment comprises 1.1% of Anderson Financial Strategies LLC's portfolio, making the stock its 19th biggest position. Anderson Financial Strategies LLC's holdings in Live Nation Entertainment were worth $1,773,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Measured Risk Portfolios Inc. acquired a new stake in Live Nation Entertainment during the fourth quarter worth about $29,000. Wayfinding Financial LLC acquired a new stake in Live Nation Entertainment during the first quarter worth about $30,000. Chilton Capital Management LLC acquired a new stake in shares of Live Nation Entertainment in the first quarter valued at about $33,000. GW&K Investment Management LLC grew its stake in shares of 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 buying an additional 283 shares in the last quarter. Finally, N.E.W. Advisory Services LLC acquired a new stake in shares of Live Nation Entertainment in the first quarter valued at about $42,000. 74.52% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

LYV has been the subject of a number of recent research reports. Moffett Nathanson initiated coverage on Live Nation Entertainment in a research note on Monday, August 18th. They issued a "buy" rating and a $195.00 target price for the company. Susquehanna set a $165.00 target price on Live Nation Entertainment and gave the company a "positive" rating in a research note on Tuesday, June 10th. Citigroup increased their target price on Live Nation Entertainment from $165.00 to $195.00 and gave the company a "buy" rating in a research note on Tuesday. Benchmark increased their target price on Live Nation Entertainment from $178.00 to $180.00 and gave the company a "buy" rating in a research note on Friday, August 8th. Finally, Wolfe Research increased their price target on Live Nation Entertainment from $160.00 to $168.00 and gave the company an "outperform" rating in a report on Tuesday, June 10th. Eighteen research analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of "Buy" and an average target price of $170.72.

Live Nation Entertainment Trading Up 0.4%

Shares of LYV opened at $171.00 on Thursday. The company has a debt-to-equity ratio of 5.38, a quick ratio of 0.88 and a current ratio of 0.88. The stock has a 50-day moving average price of $156.04 and a 200 day moving average price of $142.66. Live Nation Entertainment, Inc. has a one year low of $95.22 and a one year high of $172.08. The company has a market capitalization of $40.09 billion, a P/E ratio of 74.02, a P/E/G ratio of 11.49 and a beta of 1.42.

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

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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