Live Nation Entertainment, Inc. (NYSE:LYV) Director James S. Kahan Purchases 4,500 Shares

Live Nation Entertainment, Inc. (NYSE:LYV) Director James S. Kahan acquired 4,500 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was purchased at an average cost of $61.54 per share, for a total transaction of $276,930.00. Following the acquisition, the director now owns 82,821 shares in the company, valued at $5,096,804.34. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Live Nation Entertainment stock opened at $63.16 on Friday. The stock has a market cap of $13.24 billion, a price-to-earnings ratio of -701.78 and a beta of 1.19. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 2.49. The company’s 50-day moving average price is $67.27 and its two-hundred day moving average price is $67.45. Live Nation Entertainment, Inc. has a 52 week low of $46.02 and a 52 week high of $73.71.

Live Nation Entertainment (NYSE:LYV) last released its earnings results on Thursday, October 31st. The company reported $0.71 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.79 by ($0.08). The company had revenue of $3.77 billion for the quarter, compared to analyst estimates of $4.07 billion. Live Nation Entertainment had a net margin of 0.61% and a return on equity of 4.96%. The firm’s quarterly revenue was down 1.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.70 EPS. Research analysts expect that Live Nation Entertainment, Inc. will post 0.15 earnings per share for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the business. NEXT Financial Group Inc acquired a new position in Live Nation Entertainment during the 3rd quarter valued at about $26,000. Quest Capital Management Inc. ADV acquired a new position in Live Nation Entertainment during the 3rd quarter valued at about $28,000. KCS Wealth Advisory acquired a new position in Live Nation Entertainment during the 3rd quarter valued at about $36,000. Steward Partners Investment Advisory LLC acquired a new position in Live Nation Entertainment during the 2nd quarter valued at about $37,000. Finally, Point72 Asset Management L.P. bought a new position in shares of Live Nation Entertainment during the 2nd quarter valued at about $80,000. 68.99% of the stock is currently owned by hedge funds and other institutional investors.

A number of analysts recently weighed in on LYV shares. Morgan Stanley started coverage on shares of Live Nation Entertainment in a report on Tuesday, October 8th. They issued an “equal weight” rating and a $75.00 price objective on the stock. ValuEngine raised shares of Live Nation Entertainment from a “hold” rating to a “buy” rating in a report on Friday, November 1st. Guggenheim set a $84.00 price objective on shares of Live Nation Entertainment and gave the stock a “buy” rating in a report on Friday, November 1st. Zacks Investment Research cut shares of Live Nation Entertainment from a “buy” rating to a “hold” rating in a report on Saturday, November 2nd. Finally, Jefferies Financial Group set a $84.00 price objective on shares of Live Nation Entertainment and gave the stock a “buy” rating in a report on Friday, October 25th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the stock. Live Nation Entertainment has a consensus rating of “Buy” and a consensus price target of $73.33.

About Live Nation Entertainment

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 or operated venues, and in rented third-party venues; operates and manages music venues; and produces music festivals and creates associated content.

Featured Story: Real Estate Investment Trust (REIT) ETF

Insider Buying and Selling by Quarter for Live Nation Entertainment (NYSE:LYV)

Receive News & Ratings for Live Nation Entertainment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Live Nation Entertainment and related companies with MarketBeat.com's FREE daily email newsletter.