Strs Ohio Invests $3.74 Million in Live Nation Entertainment, Inc. (NYSE:LYV)

Strs Ohio bought a new stake in Live Nation Entertainment, Inc. (NYSE:LYV - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 40,000 shares of the company's stock, valued at approximately $3,744,000.

A number of other institutional investors have also recently made changes to their positions in the company. Providence Capital Advisors LLC raised its holdings in Live Nation Entertainment by 6,674.2% during the 1st quarter. Providence Capital Advisors LLC now owns 2,100 shares of the company's stock valued at $30,000 after acquiring an additional 2,069 shares during the period. Financial Management Professionals Inc. purchased a new stake in Live Nation Entertainment during the 3rd quarter worth about $31,000. Creative Financial Designs Inc. ADV boosted its stake in Live Nation Entertainment by 148.1% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 335 shares of the company's stock worth $31,000 after purchasing an additional 200 shares during the period. Raleigh Capital Management Inc. purchased a new position in Live Nation Entertainment during the 3rd quarter valued at about $33,000. Finally, Cary Street Partners Investment Advisory LLC increased its position in shares of Live Nation Entertainment by 9,800.0% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 495 shares of the company's stock valued at $41,000 after buying an additional 490 shares during the period. Hedge funds and other institutional investors own 74.52% of the company's stock.

Analyst Ratings Changes

A number of research firms recently weighed in on LYV. Oppenheimer upped their target price on shares of Live Nation Entertainment from $105.00 to $115.00 and gave the stock an "outperform" rating in a report on Wednesday, February 21st. TD Cowen reiterated a "buy" rating and issued a $108.00 price objective on shares of Live Nation Entertainment in a research report on Tuesday. Rosenblatt Securities reduced their target price on Live Nation Entertainment from $124.00 to $119.00 and set a "buy" rating for the company in a research report on Thursday, April 11th. Roth Mkm raised Live Nation Entertainment from a "neutral" rating to a "buy" rating and raised their price target for the company from $92.00 to $114.00 in a report on Friday, January 12th. Finally, Morgan Stanley boosted their price objective on Live Nation Entertainment from $110.00 to $120.00 and gave the stock an "overweight" rating in a report on Friday, February 23rd. One equities research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $115.70.

Insider Activity

In other news, Director Jeffrey T. Hinson sold 1,001 shares of the company's stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $100.50, for a total transaction of $100,600.50. Following the completion of the transaction, the director now directly owns 59,374 shares of the company's stock, valued at $5,967,087. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 2.85% of the company's stock.

Live Nation Entertainment Trading Up 0.4 %

Shares of LYV stock traded up $0.34 on Friday, hitting $89.98. 2,697,144 shares of the company's stock traded hands, compared to its average volume of 2,297,002. The stock has a market capitalization of $20.77 billion, a price-to-earnings ratio of 67.23 and a beta of 1.30. The company's fifty day simple moving average is $99.01 and its 200 day simple moving average is $91.35. Live Nation Entertainment, Inc. has a one year low of $64.96 and a one year high of $107.24. The company has a debt-to-equity ratio of 9.30, a quick ratio of 0.96 and a current ratio of 0.96.

Live Nation Entertainment (NYSE:LYV - Get Free Report) last released its quarterly earnings data on Thursday, February 22nd. The company reported ($1.22) EPS for the quarter, missing the consensus estimate of ($1.13) by ($0.09). Live Nation Entertainment had a return on equity of 118.42% and a net margin of 2.48%. The company had revenue of $5.84 billion during the quarter, compared to analysts' expectations of $4.72 billion. Equities analysts forecast that Live Nation Entertainment, Inc. will post 1.63 EPS for the current 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.