Hantz Financial Services Inc. Makes New $249,000 Investment in Live Nation Entertainment, Inc. (NYSE:LYV)

Hantz Financial Services Inc. bought a new position in Live Nation Entertainment, Inc. (NYSE:LYV) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 2,658 shares of the company’s stock, valued at approximately $249,000.

Other large investors have also added to or reduced their stakes in the company. YHB Investment Advisors Inc. bought a new position in Live Nation Entertainment in the 1st quarter worth about $32,000. Rise Advisors LLC boosted its stake in Live Nation Entertainment by 90.3% in the 1st quarter. Rise Advisors LLC now owns 335 shares of the company’s stock worth $35,000 after purchasing an additional 159 shares during the period. Migdal Insurance & Financial Holdings Ltd. boosted its stake in Live Nation Entertainment by 119.5% in the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 371 shares of the company’s stock worth $34,000 after purchasing an additional 202 shares during the period. Lindbrook Capital LLC boosted its stake in Live Nation Entertainment by 44.1% in the 1st quarter. Lindbrook Capital LLC now owns 389 shares of the company’s stock worth $41,000 after purchasing an additional 119 shares during the period. Finally, UMB Bank n.a. raised its holdings in shares of Live Nation Entertainment by 67.4% in the 2nd quarter. UMB Bank n.a. now owns 437 shares of the company’s stock valued at $41,000 after acquiring an additional 176 shares in the last quarter. Institutional investors own 74.52% of the company’s stock.

Live Nation Entertainment Price Performance

Shares of Live Nation Entertainment stock opened at $97.67 on Monday. The company has a debt-to-equity ratio of 9.22, a current ratio of 0.92 and a quick ratio of 0.92. The business’s 50 day simple moving average is $94.31 and its two-hundred day simple moving average is $95.75. The stock has a market capitalization of $22.67 billion, a P/E ratio of 93.02, a price-to-earnings-growth ratio of 2.20 and a beta of 1.34. Live Nation Entertainment, Inc. has a one year low of $76.48 and a one year high of $107.24.

Live Nation Entertainment (NYSE:LYV) last announced its quarterly earnings results on Tuesday, July 30th. The company reported $1.03 EPS for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.03). The company had revenue of $6.02 billion during the quarter, compared to analysts’ expectations of $6.02 billion. Live Nation Entertainment had a return on equity of 84.78% and a net margin of 2.20%. Live Nation Entertainment’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same period last year, the firm earned $1.02 earnings per share. Analysts forecast that Live Nation Entertainment, Inc. will post 1.18 EPS for the current year.

Insiders Place Their Bets

In other Live Nation Entertainment news, Director Jeffrey T. Hinson sold 1,500 shares of Live Nation Entertainment stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $94.11, for a total value of $141,165.00. Following the transaction, the director now directly owns 59,789 shares of the company’s stock, valued at approximately $5,626,742.79. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CAO Brian Capo sold 5,000 shares of Live Nation Entertainment stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $96.61, for a total value of $483,050.00. Following the sale, the chief accounting officer now directly owns 12,327 shares in the company, valued at approximately $1,190,911.47. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Jeffrey T. Hinson sold 1,500 shares of Live Nation Entertainment stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $94.11, for a total value of $141,165.00. Following the sale, the director now owns 59,789 shares in the company, valued at $5,626,742.79. The disclosure for this sale can be found here. Insiders have sold 8,201 shares of company stock valued at $788,464 in the last ninety days. Company insiders own 2.85% of the company’s stock.

Analysts Set New Price Targets

LYV has been the topic of several recent analyst reports. Oppenheimer reaffirmed an “outperform” rating and issued a $110.00 price target on shares of Live Nation Entertainment in a report on Tuesday, June 25th. Benchmark reaffirmed a “buy” rating and issued a $132.00 price target on shares of Live Nation Entertainment in a report on Wednesday, July 31st. Northcoast Research cut Live Nation Entertainment from a “buy” rating to a “neutral” rating in a report on Tuesday, May 28th. JPMorgan Chase & Co. raised their price target on Live Nation Entertainment from $116.00 to $118.00 and gave the company an “overweight” rating in a report on Wednesday, July 31st. Finally, Roth Mkm reaffirmed a “buy” rating and issued a $120.00 price target on shares of Live Nation Entertainment in a report on Friday, May 24th. Two equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $118.17.

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.