Live Nation Entertainment, Inc. (NYSE:LYV) is MSA Advisors LLC's 4th Largest Position

Key Points

• MSA Advisors LLC increased its stock holdings in Live Nation Entertainment by 24.2%, owning 191,205 shares worth approximately $24.97 million, making it the firm's 4th largest holding.
• Live Nation reported a quarterly earnings per share (EPS) of $0.41, missing the expected $1.08, but had a revenue of $7.01 billion, exceeding analyst expectations of $6.93 billion.
• A number of analysts have upgraded their price targets for Live Nation shares, with Wolfe Research raising its target from $160.00 to $168.00, maintaining an "outperform" rating.

MSA Advisors LLC raised its stake in shares of Live Nation Entertainment, Inc. (NYSE:LYV - Free Report) by 24.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 191,205 shares of the company's stock after acquiring an additional 37,230 shares during the quarter. Live Nation Entertainment makes up about 6.4% of MSA Advisors LLC's portfolio, making the stock its 4th biggest position. MSA Advisors LLC owned approximately 0.08% of Live Nation Entertainment worth $24,968,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the business. Measured Risk Portfolios Inc. purchased a new position in shares of Live Nation Entertainment during the fourth quarter worth $29,000. Wayfinding Financial LLC purchased a new position in Live Nation Entertainment in the first quarter valued at $30,000. Chilton Capital Management LLC purchased a new position in Live Nation Entertainment in the first quarter valued at $33,000. N.E.W. Advisory Services LLC acquired a new stake in Live Nation Entertainment in the first quarter valued at $42,000. Finally, GW&K Investment Management LLC raised its stake in 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. Institutional investors and hedge funds own 74.52% of the company's stock.

Live Nation Entertainment Trading Up 0.3%

LYV traded up $0.52 during trading on Wednesday, hitting $158.95. The company's stock had a trading volume of 1,767,573 shares, compared to its average volume of 2,503,433. The firm's 50 day moving average price is $148.16 and its 200-day moving average price is $140.25. The company has a debt-to-equity ratio of 5.38, a current ratio of 0.88 and a quick ratio of 0.88. The stock has a market cap of $37.27 billion, a PE ratio of 68.81, a PEG ratio of 6.97 and a beta of 1.46. Live Nation Entertainment, Inc. has a twelve month low of $91.58 and a twelve month high of $159.97.

Live Nation Entertainment (NYSE:LYV - Get Free Report) last released its quarterly earnings data 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 analyst estimates 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 quarter in the previous year, the company earned $1.03 earnings per share. On average, analysts expect that Live Nation Entertainment, Inc. will post 2.38 earnings per share for the current year.

Insiders Place Their Bets

In related news, EVP John Hopmans sold 34,808 shares of the company's stock in a transaction on Friday, May 16th. The shares were sold at an average price of $147.38, for a total transaction of $5,130,003.04. Following the completion of the sale, the executive vice president directly owned 189,456 shares of the company's stock, valued at approximately $27,922,025.28. This represents a 15.52% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 2.72% of the company's stock.

Analysts Set New Price Targets

A number of analysts have weighed in on LYV shares. Wolfe Research raised their price target 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. Rosenblatt Securities dropped their price target on Live Nation Entertainment from $174.00 to $170.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. Morgan Stanley set a $180.00 price target on Live Nation Entertainment in a research report on Thursday, July 24th. Oppenheimer lifted their price objective on Live Nation Entertainment from $165.00 to $180.00 and gave the company an "outperform" rating in a report on Tuesday. Finally, Benchmark lifted their price objective on Live Nation Entertainment from $178.00 to $180.00 and gave the company a "buy" rating in a report on Friday, August 8th. One investment analyst has rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to data from MarketBeat.com, Live Nation Entertainment has an average rating of "Moderate Buy" and an average target price of $167.41.

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.