Callan Family Office LLC Makes New $713,000 Investment in Live Nation Entertainment, Inc. (NYSE:LYV)

Callan Family Office LLC purchased a new stake in Live Nation Entertainment, Inc. (NYSE:LYV) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 5,506 shares of the company’s stock, valued at approximately $713,000.

Several other hedge funds and other institutional investors also recently modified their holdings of LYV. Brooklyn Investment Group bought a new position in shares of Live Nation Entertainment in the 3rd quarter valued at $31,000. World Investment Advisors LLC bought a new position in shares of Live Nation Entertainment in the 3rd quarter valued at $38,000. Morse Asset Management Inc bought a new position in shares of Live Nation Entertainment in the 3rd quarter valued at $42,000. Golden State Wealth Management LLC bought a new position in shares of Live Nation Entertainment in the 4th quarter valued at $42,000. Finally, Retirement Wealth Solutions LLC bought a new position in shares of Live Nation Entertainment in the 4th quarter valued at $44,000. Institutional investors own 74.52% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on LYV shares. Guggenheim lifted their price target on Live Nation Entertainment from $146.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. Bank of America raised their price objective on Live Nation Entertainment from $149.00 to $175.00 and gave the company a “buy” rating in a report on Monday, February 24th. Rosenblatt Securities reissued a “buy” rating and set a $146.00 price objective on shares of Live Nation Entertainment in a report on Tuesday, February 18th. Benchmark reissued a “buy” rating and set a $160.00 price objective on shares of Live Nation Entertainment in a report on Thursday, February 20th. Finally, Morgan Stanley raised their price objective on Live Nation Entertainment from $150.00 to $170.00 and gave the company an “overweight” rating in a report on Tuesday, February 18th. Two analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $157.27.

Live Nation Entertainment Stock Down 2.7 %

Shares of LYV opened at $127.56 on Friday. The company has a market capitalization of $29.77 billion, a PE ratio of 46.90, a PEG ratio of 1.81 and a beta of 1.38. Live Nation Entertainment, Inc. has a 12 month low of $86.81 and a 12 month high of $157.75. The stock’s 50-day moving average price is $140.47 and its two-hundred day moving average price is $125.78. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 6.10.

Live Nation Entertainment (NYSE:LYV) last announced its quarterly earnings data on Thursday, February 27th. The company reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.93) by $1.49. The company had revenue of $5.68 billion for the quarter, compared to the consensus estimate of $5.67 billion. Live Nation Entertainment had a return on equity of 139.09% and a net margin of 3.90%. On average, analysts anticipate that Live Nation Entertainment, Inc. will post 2.38 EPS for the current year.

Insider Activity

In other news, EVP Michael Rowles sold 63,136 shares of the business’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $155.40, for a total value of $9,811,334.40. Following the transaction, the executive vice president now directly owns 195,346 shares of the company’s stock, valued at $30,356,768.40. The trade was a 24.43 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.72% of the stock is owned by company insiders.

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.