Live Nation Entertainment, Inc. (NYSE:LYV) – Equities researchers at Northcoast Research issued their Q2 2019 earnings per share estimates for Live Nation Entertainment in a research note issued to investors on Monday, February 11th. Northcoast Research analyst J. Healy anticipates that the company will post earnings per share of $0.37 for the quarter. Northcoast Research also issued estimates for Live Nation Entertainment’s Q3 2019 earnings at $0.86 EPS, Q4 2019 earnings at ($0.66) EPS and FY2020 earnings at $0.52 EPS.

Several other analysts also recently commented on LYV. JPMorgan Chase & Co. increased their price objective on shares of Live Nation Entertainment from $53.00 to $60.00 and gave the company an “overweight” rating in a research report on Friday, November 2nd. Macquarie reaffirmed a “buy” rating and set a $60.00 price target on shares of Live Nation Entertainment in a report on Thursday, November 22nd. Finally, Zacks Investment Research raised shares of Live Nation Entertainment from a “hold” rating to a “buy” rating and set a $60.00 price target on the stock in a report on Tuesday, January 15th. Two investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $57.61.

Shares of LYV stock opened at $54.02 on Tuesday. Live Nation Entertainment has a one year low of $35.94 and a one year high of $58.26. The stock has a market cap of $11.36 billion, a P/E ratio of -112.54 and a beta of 1.14. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.76.

In other news, CEO Michael Rapino sold 85,000 shares of the firm’s stock in a transaction dated Friday, December 21st. The shares were sold at an average price of $49.40, for a total transaction of $4,199,000.00. Following the sale, the chief executive officer now owns 1,052,030 shares of the company’s stock, valued at approximately $51,970,282. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In the last ninety days, insiders have sold 255,000 shares of company stock worth $12,736,400. Insiders own 5.19% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. State of Tennessee Treasury Department boosted its holdings in shares of Live Nation Entertainment by 2.0% in the fourth quarter. State of Tennessee Treasury Department now owns 93,575 shares of the company’s stock worth $4,609,000 after buying an additional 1,860 shares during the last quarter. AlphaCrest Capital Management LLC purchased a new position in shares of Live Nation Entertainment in the fourth quarter worth approximately $206,000. Raymond James & Associates boosted its holdings in shares of Live Nation Entertainment by 5.1% in the fourth quarter. Raymond James & Associates now owns 128,897 shares of the company’s stock worth $6,348,000 after buying an additional 6,224 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Live Nation Entertainment by 3.3% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 8,875 shares of the company’s stock worth $437,000 after buying an additional 281 shares during the last quarter. Finally, Texas Permanent School Fund boosted its holdings in shares of Live Nation Entertainment by 4.2% in the fourth quarter. Texas Permanent School Fund now owns 90,502 shares of the company’s stock worth $4,457,000 after buying an additional 3,685 shares during the last quarter. 70.46% of the stock is currently owned by hedge funds and other institutional investors.

Live Nation Entertainment Company Profile

Live Nation Entertainment, Inc operates as a live entertainment company. It operates through Concerts, Sponsorship & Advertising, and Ticketing segments. The Concerts segment promotes live music events in its owned and/or operated venues, and in rented third-party venues; operates and manages music venues; and produces music festivals and creates associated content.

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