Live Nation Entertainment, Inc. (NYSE:LYV) Director Robert Ted Enloe III sold 7,000 shares of the firm’s stock in a transaction dated Friday, September 14th. The shares were sold at an average price of $54.07, for a total value of $378,490.00. Following the sale, the director now owns 17,508 shares in the company, valued at $946,657.56. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

NYSE LYV traded down $1.24 during mid-day trading on Monday, reaching $53.47. 1,207,100 shares of the company’s stock traded hands, compared to its average volume of 1,533,200. Live Nation Entertainment, Inc. has a 1-year low of $35.94 and a 1-year high of $55.26. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.95. The firm has a market cap of $11.04 billion, a PE ratio of -111.40 and a beta of 1.05.

Live Nation Entertainment (NYSE:LYV) last issued its quarterly earnings data on Thursday, July 26th. The company reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.05. Live Nation Entertainment had a negative return on equity of 2.49% and a negative net margin of 0.35%. The firm had revenue of $2.87 billion during the quarter, compared to analyst estimates of $2.85 billion. During the same quarter last year, the firm earned $0.29 EPS. Live Nation Entertainment’s quarterly revenue was up 1.6% on a year-over-year basis. analysts anticipate that Live Nation Entertainment, Inc. will post 0.01 earnings per share for the current year.

Several equities research analysts recently commented on the company. ValuEngine downgraded Live Nation Entertainment from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 28th. Stephens set a $60.00 target price on Live Nation Entertainment and gave the company a “buy” rating in a report on Friday, July 27th. They noted that the move was a valuation call. Northcoast Research downgraded Live Nation Entertainment from a “buy” rating to a “neutral” rating in a report on Tuesday, July 17th. Guggenheim reiterated a “buy” rating and set a $55.00 target price on shares of Live Nation Entertainment in a report on Friday, July 13th. Finally, Citigroup raised their target price on Live Nation Entertainment from $45.00 to $56.00 and gave the company a “buy” rating in a report on Friday, June 22nd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and ten have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $55.21.

A number of hedge funds and other institutional investors have recently modified their holdings of LYV. Point72 Asia Hong Kong Ltd acquired a new position in shares of Live Nation Entertainment in the 1st quarter worth approximately $194,000. TLP Group LLC acquired a new position in shares of Live Nation Entertainment in the 1st quarter worth approximately $201,000. NumerixS Investment Technologies Inc grew its position in shares of Live Nation Entertainment by 130.8% in the 2nd quarter. NumerixS Investment Technologies Inc now owns 4,171 shares of the company’s stock worth $203,000 after acquiring an additional 2,364 shares in the last quarter. Pinnacle Associates Ltd. acquired a new position in shares of Live Nation Entertainment in the 2nd quarter worth approximately $205,000. Finally, Santa Monica Partners LP acquired a new position in shares of Live Nation Entertainment in the 2nd quarter worth approximately $228,000. Hedge funds and other institutional investors own 70.94% of the company’s stock.

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 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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