Live Nation Entertainment, Inc. (NYSE:LYV) Shares Purchased by Yousif Capital Management LLC

Yousif Capital Management LLC raised its stake in Live Nation Entertainment, Inc. (NYSE:LYV - Free Report) by 73.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 33,877 shares of the company's stock after buying an additional 14,328 shares during the period. Yousif Capital Management LLC's holdings in Live Nation Entertainment were worth $3,171,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. DekaBank Deutsche Girozentrale grew its holdings in shares of Live Nation Entertainment by 0.4% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 27,819 shares of the company's stock valued at $2,324,000 after purchasing an additional 117 shares during the last quarter. Hohimer Wealth Management LLC grew its holdings in shares of Live Nation Entertainment by 1.1% during the 3rd quarter. Hohimer Wealth Management LLC now owns 11,512 shares of the company's stock valued at $956,000 after purchasing an additional 123 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in shares of Live Nation Entertainment by 1.0% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 13,252 shares of the company's stock valued at $1,100,000 after purchasing an additional 130 shares during the last quarter. J.P. Morgan Private Wealth Advisors LLC grew its holdings in shares of Live Nation Entertainment by 1.1% during the 3rd quarter. J.P. Morgan Private Wealth Advisors LLC now owns 13,179 shares of the company's stock valued at $1,094,000 after purchasing an additional 146 shares during the last quarter. Finally, Raymond James Trust N.A. boosted its position in Live Nation Entertainment by 5.9% during the 4th quarter. Raymond James Trust N.A. now owns 2,628 shares of the company's stock valued at $246,000 after buying an additional 147 shares during the period. Institutional investors own 74.52% of the company's stock.

Live Nation Entertainment Stock Up 0.8 %

NYSE:LYV traded up $0.71 on Monday, reaching $90.54. 1,415,973 shares of the stock traded hands, compared to its average volume of 2,264,129. The company has a market capitalization of $20.90 billion, a price-to-earnings ratio of 68.08 and a beta of 1.30. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 9.30. Live Nation Entertainment, Inc. has a 12 month low of $66.38 and a 12 month high of $107.24. The company's fifty day simple moving average is $98.82 and its 200 day simple moving average is $91.62.

Live Nation Entertainment (NYSE:LYV - Get Free Report) last released its quarterly earnings data on Thursday, February 22nd. The company reported ($1.22) earnings per share for the quarter, missing analysts' consensus estimates of ($1.13) by ($0.09). The firm had revenue of $5.84 billion for the quarter, compared to the consensus estimate of $4.72 billion. Live Nation Entertainment had a net margin of 2.48% and a return on equity of 118.42%. Equities analysts predict that Live Nation Entertainment, Inc. will post 1.62 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. JPMorgan Chase & Co. increased their price target on shares of Live Nation Entertainment from $124.00 to $126.00 and gave the company an "overweight" rating in a research report on Friday, February 23rd. Morgan Stanley raised their target price on shares of Live Nation Entertainment from $110.00 to $120.00 and gave the stock an "overweight" rating in a research report on Friday, February 23rd. Roth Mkm reaffirmed a "buy" rating and issued a $120.00 target price on shares of Live Nation Entertainment in a research report on Tuesday, April 23rd. Roth Capital raised shares of Live Nation Entertainment from a "neutral" rating to a "buy" rating in a research report on Thursday, January 11th. Finally, Oppenheimer raised their target price on shares of Live Nation Entertainment from $105.00 to $115.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 21st. One equities research analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $116.30.

Insider Transactions at Live Nation Entertainment

In other news, Director Jeffrey T. Hinson sold 1,001 shares of Live Nation Entertainment stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $100.50, for a total value of $100,600.50. Following the completion of the sale, the director now directly owns 59,374 shares in the company, valued at $5,967,087. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 2.85% 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.