North Star Asset Management Inc. Has $12.19 Million Stake in Live Nation Entertainment, Inc. $LYV

North Star Asset Management Inc. raised its position in Live Nation Entertainment, Inc. (NYSE:LYV) by 5.1% during the 4th quarter, HoldingsChannel.com reports. The firm owned 85,552 shares of the company’s stock after purchasing an additional 4,186 shares during the period. North Star Asset Management Inc.’s holdings in Live Nation Entertainment were worth $12,191,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Axxcess Wealth Management LLC raised its stake in shares of Live Nation Entertainment by 4.9% in the 4th quarter. Axxcess Wealth Management LLC now owns 1,602 shares of the company’s stock valued at $228,000 after purchasing an additional 75 shares during the period. Vident Advisory LLC raised its stake in shares of Live Nation Entertainment by 2.1% in the 2nd quarter. Vident Advisory LLC now owns 3,622 shares of the company’s stock valued at $548,000 after purchasing an additional 75 shares during the period. Prairie Wealth Advisors Inc. raised its stake in shares of Live Nation Entertainment by 5.0% in the 3rd quarter. Prairie Wealth Advisors Inc. now owns 1,665 shares of the company’s stock valued at $272,000 after purchasing an additional 80 shares during the period. Ameriflex Group Inc. raised its stake in shares of Live Nation Entertainment by 102.4% in the 3rd quarter. Ameriflex Group Inc. now owns 166 shares of the company’s stock valued at $27,000 after purchasing an additional 84 shares during the period. Finally, GW&K Investment Management LLC raised its stake in shares of Live Nation Entertainment by 22.2% in the 3rd quarter. GW&K Investment Management LLC now owns 468 shares of the company’s stock valued at $76,000 after purchasing an additional 85 shares during the period. Institutional investors and hedge funds own 74.52% of the company’s stock.

Wall Street Analysts Forecast Growth

LYV has been the topic of several recent research reports. Weiss Ratings raised Live Nation Entertainment from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, March 9th. Guggenheim lifted their price target on Live Nation Entertainment from $192.00 to $197.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. TD Cowen reaffirmed a “buy” rating on shares of Live Nation Entertainment in a research report on Monday, February 23rd. Wolfe Research lifted their target price on Live Nation Entertainment from $205.00 to $206.00 and gave the company an “outperform” rating in a research report on Monday, April 13th. Finally, Wells Fargo & Company lowered their target price on Live Nation Entertainment from $203.00 to $199.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 6th. Twenty research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $187.75.

Live Nation Entertainment Price Performance

NYSE:LYV opened at $165.74 on Friday. The company has a debt-to-equity ratio of 13.93, a quick ratio of 0.88 and a current ratio of 0.88. The stock’s 50-day simple moving average is $158.63 and its 200 day simple moving average is $149.75. The company has a market cap of $39.04 billion, a P/E ratio of -93.64 and a beta of 1.11. Live Nation Entertainment, Inc. has a 52-week low of $125.34 and a 52-week high of $175.25.

Live Nation Entertainment (NYSE:LYV) last released its earnings results on Tuesday, May 5th. The company reported ($1.85) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.35) by ($1.50). The company had revenue of $3.79 billion during the quarter, compared to analyst estimates of $3.57 billion. Live Nation Entertainment had a net margin of 0.15% and a return on equity of 45.92%. Live Nation Entertainment’s revenue was up 12.1% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.32) EPS. As a group, sell-side analysts forecast that Live Nation Entertainment, Inc. will post 1.13 EPS for the current fiscal year.

Insiders Place Their Bets

In other Live Nation Entertainment news, EVP Michael Rowles sold 63,776 shares of the business’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $164.24, for a total transaction of $10,474,570.24. Following the transaction, the executive vice president owned 204,716 shares of the company’s stock, valued at $33,622,555.84. The trade was a 23.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jeffrey T. Hinson sold 944 shares of the business’s stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $165.87, for a total value of $156,581.28. Following the transaction, the director directly owned 48,030 shares in the company, valued at approximately $7,966,736.10. This trade represents a 1.93% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 157,798 shares of company stock valued at $26,088,615 over the last 90 days. 2.89% of the stock is currently owned by insiders.

About Live Nation Entertainment

Live Nation Entertainment is a global live entertainment company that promotes, operates and sells tickets for live events. The company’s core activities include concert promotion and production, venue operations and management, ticketing services through its Ticketmaster platform, artist management and development, and sponsorship and advertising services tied to live events. These integrated businesses are designed to connect artists, fans and commercial partners across the live event ecosystem.

The company in its current form was created following the 2010 merger of Live Nation and Ticketmaster, combining a promoter and venue operator with one of the industry’s largest ticketing platforms.