Boothbay Fund Management LLC Buys 5,742 Shares of Live Nation Entertainment, Inc. $LYV

Boothbay Fund Management LLC boosted its holdings in shares of Live Nation Entertainment, Inc. (NYSE:LYV) by 7.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 87,346 shares of the company’s stock after buying an additional 5,742 shares during the period. Boothbay Fund Management LLC’s holdings in Live Nation Entertainment were worth $14,272,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Vident Advisory LLC increased its stake in Live Nation Entertainment by 2.1% in the second quarter. Vident Advisory LLC now owns 3,622 shares of the company’s stock valued at $548,000 after acquiring an additional 75 shares during the period. Prairie Wealth Advisors Inc. boosted its holdings in Live Nation Entertainment by 5.0% during the third 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 in the last quarter. Private Trust Co. NA boosted its holdings in Live Nation Entertainment by 24.4% during the third quarter. Private Trust Co. NA now owns 418 shares of the company’s stock valued at $68,000 after purchasing an additional 82 shares in the last quarter. Ameriflex Group Inc. grew 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 holdings 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 worth $76,000 after buying an additional 85 shares in the last quarter. Institutional investors and hedge funds own 74.52% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Bank of America increased their price objective on Live Nation Entertainment from $170.00 to $180.00 and gave the stock a “buy” rating in a research note on Friday, February 20th. Sanford C. Bernstein upped their target price on shares of Live Nation Entertainment from $185.00 to $200.00 and gave the stock an “outperform” rating in a report on Friday, February 20th. Roth Mkm reiterated a “buy” rating and set a $190.00 target price on shares of Live Nation Entertainment in a research report on Friday, February 20th. TD Cowen restated a “buy” rating on shares of Live Nation Entertainment in a research report on Monday, February 23rd. Finally, Zacks Research cut shares of Live Nation Entertainment from a “hold” rating to a “strong sell” rating in a research note on Friday, January 16th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $184.40.

Insider Buying and Selling at Live Nation Entertainment

In other Live Nation Entertainment news, Director Jeffrey T. Hinson sold 944 shares of Live Nation Entertainment stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $165.87, for a total value of $156,581.28. Following the transaction, the director owned 48,030 shares of the company’s stock, valued at approximately $7,966,736.10. The trade was a 1.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 3.01% of the stock is owned by company insiders.

Live Nation Entertainment Stock Down 3.9%

Shares of NYSE:LYV opened at $154.14 on Friday. The company has a debt-to-equity ratio of 8.51, a current ratio of 1.00 and a quick ratio of 1.00. The stock has a market cap of $36.19 billion, a price-to-earnings ratio of -642.25 and a beta of 1.11. The company has a 50 day moving average of $151.35 and a 200-day moving average of $150.30. Live Nation Entertainment, Inc. has a one year low of $113.20 and a one year high of $175.25.

Live Nation Entertainment (NYSE:LYV) last released its quarterly earnings data on Thursday, February 19th. The company reported ($1.06) EPS for the quarter, missing analysts’ consensus estimates of ($1.00) by ($0.06). The company had revenue of $6.31 billion during the quarter, compared to the consensus estimate of $6.12 billion. Live Nation Entertainment had a net margin of 1.79% and a return on equity of 48.11%. The company’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.58 EPS. On average, sell-side analysts forecast that Live Nation Entertainment, Inc. will post 2.38 earnings per share for the current year.

Live Nation Entertainment Company Profile

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.