Live Nation Entertainment (NYSE:LYV) Reaches New 1-Year Low - Time to Sell?

Live Nation Entertainment, Inc. (NYSE:LYV - Get Free Report) reached a new 52-week low on Wednesday . The company traded as low as $127.76 and last traded at $132.40, with a volume of 1939673 shares. The stock had previously closed at $132.30.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on LYV. Roth Mkm boosted their price target on Live Nation Entertainment from $152.00 to $174.00 and gave the stock a "buy" rating in a report on Friday, February 21st. Morgan Stanley upped their target price on Live Nation Entertainment from $150.00 to $170.00 and gave the company an "overweight" rating in a research note on Tuesday, February 18th. Bank of America upped their target price on Live Nation Entertainment from $149.00 to $175.00 and gave the company a "buy" rating in a research note on Monday, February 24th. Susquehanna began coverage on Live Nation Entertainment in a research note on Monday. They issued a "positive" rating and a $155.00 target price for the company. Finally, Macquarie upped their target price 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. Two investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $160.00.

Live Nation Entertainment Trading Up 0.1 %

The stock has a market capitalization of $30.90 billion, a price-to-earnings ratio of 48.68, a PEG ratio of 1.81 and a beta of 1.31. The business's 50-day simple moving average is $129.07 and its two-hundred day simple moving average is $132.01. The company has a debt-to-equity ratio of 6.10, a current ratio of 1.01 and a quick ratio of 1.01.

Live Nation Entertainment (NYSE:LYV - Get Free Report) last posted its quarterly earnings data on Thursday, February 27th. The company reported $0.56 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.93) by $1.49. The company had revenue of $5.68 billion for the quarter, compared to analyst estimates of $5.67 billion. Live Nation Entertainment had a net margin of 3.90% and a return on equity of 139.09%. On average, research analysts anticipate that Live Nation Entertainment, Inc. will post 2.38 earnings per share for the current fiscal year.

Insider Buying and Selling at Live Nation Entertainment

In related news, Director Jeffrey T. Hinson sold 500 shares of the company's stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $122.95, for a total value of $61,475.00. Following the completion of the sale, the director now owns 52,624 shares of the company's stock, valued at $6,470,120.80. This represents a 0.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Brian Capo sold 5,066 shares of the company's stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $123.24, for a total transaction of $624,333.84. Following the completion of the sale, the chief accounting officer now directly owns 10,549 shares of the company's stock, valued at $1,300,058.76. The trade was a 32.44 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 68,702 shares of company stock worth $10,497,143 over the last 90 days. Insiders own 2.72% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Measured Risk Portfolios Inc. acquired a new position in Live Nation Entertainment in the fourth quarter worth approximately $29,000. Wayfinding Financial LLC acquired a new position in Live Nation Entertainment in the 1st quarter worth approximately $30,000. Chilton Capital Management LLC acquired a new position in Live Nation Entertainment in the 1st quarter worth approximately $33,000. Murphy & Mullick Capital Management Corp acquired a new position in Live Nation Entertainment in the 4th quarter worth approximately $40,000. Finally, Golden State Wealth Management LLC acquired a new position in Live Nation Entertainment in the 4th quarter worth approximately $42,000. Institutional investors and hedge funds own 74.52% of the company's stock.

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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