Live Nation Entertainment, Inc. (NYSE:LYV – Get Free Report) CFO Joe Berchtold sold 29,310 shares of Live Nation Entertainment stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $97.50, for a total transaction of $2,857,725.00. Following the completion of the sale, the chief financial officer now directly owns 566,722 shares in the company, valued at approximately $55,255,395. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Live Nation Entertainment Trading Up 1.6 %
Live Nation Entertainment stock opened at $98.85 on Friday. The company has a debt-to-equity ratio of 9.22, a quick ratio of 0.92 and a current ratio of 0.92. Live Nation Entertainment, Inc. has a fifty-two week low of $76.48 and a fifty-two week high of $107.24. The stock has a market cap of $22.71 billion, a P/E ratio of 94.14, a PEG ratio of 2.29 and a beta of 1.34. The firm’s fifty day moving average price is $94.89 and its 200-day moving average price is $95.91.
Live Nation Entertainment (NYSE:LYV – Get Free Report) last released its quarterly earnings results on Tuesday, July 30th. The company reported $1.03 earnings per share for the quarter, missing the consensus estimate of $1.06 by ($0.03). Live Nation Entertainment had a net margin of 2.20% and a return on equity of 84.78%. The business had revenue of $6.02 billion during the quarter, compared to analysts’ expectations of $6.02 billion. During the same period in the previous year, the business earned $1.02 EPS. The business’s revenue was up 7.0% on a year-over-year basis. Equities research analysts forecast that Live Nation Entertainment, Inc. will post 1.21 earnings per share for the current fiscal year.
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Hedge Funds Weigh In On Live Nation Entertainment
Institutional investors have recently modified their holdings of the company. YHB Investment Advisors Inc. purchased a new position in shares of Live Nation Entertainment during the first quarter worth approximately $32,000. Rise Advisors LLC boosted its position in Live Nation Entertainment by 90.3% during the first quarter. Rise Advisors LLC now owns 335 shares of the company’s stock valued at $35,000 after buying an additional 159 shares during the period. Migdal Insurance & Financial Holdings Ltd. increased its holdings in shares of Live Nation Entertainment by 119.5% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 371 shares of the company’s stock worth $34,000 after buying an additional 202 shares during the period. Lindbrook Capital LLC lifted its stake in shares of Live Nation Entertainment by 44.1% in the 1st quarter. Lindbrook Capital LLC now owns 389 shares of the company’s stock valued at $41,000 after acquiring an additional 119 shares during the last quarter. Finally, UMB Bank n.a. boosted its holdings in Live Nation Entertainment by 67.4% during 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 during the period. 74.52% of the stock is currently owned by institutional investors.
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.
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