Traders purchased shares of Live Nation Entertainment, Inc. (NYSE:LYV) on weakness during trading on Monday. $31.55 million flowed into the stock on the tick-up and $6.35 million flowed out of the stock on the tick-down, for a money net flow of $25.20 million into the stock. Of all companies tracked, Live Nation Entertainment had the 23rd highest net in-flow for the day. Live Nation Entertainment traded down ($0.24) for the day and closed at $43.46

Several analysts recently weighed in on LYV shares. Zacks Investment Research lowered Live Nation Entertainment from a “buy” rating to a “hold” rating in a research note on Thursday, October 26th. Citigroup lowered Live Nation Entertainment from a “buy” rating to a “neutral” rating and set a $47.00 price objective on the stock. in a research note on Friday, December 22nd. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Live Nation Entertainment in a research note on Wednesday, October 18th. Macquarie reaffirmed a “buy” rating and issued a $48.00 price objective on shares of Live Nation Entertainment in a research note on Sunday, November 5th. Finally, Jefferies Group reaffirmed a “buy” rating and issued a $42.00 price objective on shares of Live Nation Entertainment in a research note on Monday, October 16th. One research analyst has rated the stock with a sell rating, three have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $44.57.

The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 1.39. The firm has a market cap of $8,990.00, a P/E ratio of 2,186.09 and a beta of 1.06.

Live Nation Entertainment (NYSE:LYV) last posted its earnings results on Thursday, November 2nd. The company reported $0.53 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.02). The firm had revenue of $3.56 billion during the quarter, compared to the consensus estimate of $3.36 billion. Live Nation Entertainment had a net margin of 0.50% and a return on equity of 3.33%. Live Nation Entertainment’s revenue for the quarter was up 12.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.49 earnings per share. research analysts expect that Live Nation Entertainment, Inc. will post -0.15 EPS for the current fiscal year.

In other Live Nation Entertainment news, COO Joe Berchtold sold 20,000 shares of the stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $46.55, for a total value of $931,000.00. Following the completion of the transaction, the chief operating officer now directly owns 77,918 shares in the company, valued at $3,627,082.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Michael Rapino sold 70,000 shares of the stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $42.87, for a total value of $3,000,900.00. Following the completion of the transaction, the chief executive officer now owns 115,277 shares of the company’s stock, valued at $4,941,924.99. The disclosure for this sale can be found here. Insiders sold 1,106,511 shares of company stock valued at $49,467,752 over the last quarter. Corporate insiders own 4.77% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its position in shares of Live Nation Entertainment by 4.3% during the second quarter. Vanguard Group Inc. now owns 10,866,455 shares of the company’s stock worth $378,695,000 after acquiring an additional 451,457 shares during the last quarter. Canada Pension Plan Investment Board raised its position in shares of Live Nation Entertainment by 8,038.5% during the third quarter. Canada Pension Plan Investment Board now owns 5,786,500 shares of the company’s stock worth $252,002,000 after acquiring an additional 5,715,400 shares during the last quarter. State Street Corp raised its position in shares of Live Nation Entertainment by 2.8% during the second quarter. State Street Corp now owns 3,497,318 shares of the company’s stock worth $121,878,000 after acquiring an additional 95,764 shares during the last quarter. Acadian Asset Management LLC raised its position in shares of Live Nation Entertainment by 5.1% during the fourth quarter. Acadian Asset Management LLC now owns 2,364,397 shares of the company’s stock worth $100,651,000 after acquiring an additional 114,171 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. raised its position in shares of Live Nation Entertainment by 24.5% during the third quarter. Schwab Charles Investment Management Inc. now owns 1,813,800 shares of the company’s stock worth $78,991,000 after acquiring an additional 356,715 shares during the last quarter. Hedge funds and other institutional investors own 68.14% of the company’s stock.

ILLEGAL ACTIVITY WARNING: This news story was originally published by Daily Political and is the sole property of of Daily Political. If you are reading this news story on another domain, it was copied illegally and reposted in violation of U.S. & international copyright & trademark legislation. The legal version of this news story can be read at https://www.dailypolitical.com/2018/01/22/traders-buy-live-nation-entertainment-lyv-on-weakness.html.

Live Nation Entertainment Company Profile

Live Nation Entertainment, Inc is a live entertainment company. The Company’s businesses consist of the promotion of live events, including ticketing, sponsorship and advertising. Its segments include Concerts, Sponsorship & Advertising, Ticketing and Artist Nation. The Concerts segment is engaged in promotion of live music events in its owned or operated venues and in rented third-party venues; operation and management of music venues; production of music festivals, and creation of associated content.

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.