Live Nation Entertainment, Inc. (NYSE:LYV)‘s stock had its “buy” rating reiterated by Jefferies Group LLC in a research report issued on Tuesday. They currently have a $33.00 price target on the stock. Jefferies Group LLC’s target price suggests a potential upside of 5.60% from the company’s current price.

A number of other equities analysts have also weighed in on LYV. Albert Fried & Company reaffirmed a “hold” rating on shares of Live Nation Entertainment in a research note on Wednesday, January 11th. Zacks Investment Research downgraded shares of Live Nation Entertainment from a “buy” rating to a “hold” rating in a research note on Thursday, January 19th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Live Nation Entertainment currently has an average rating of “Buy” and an average price target of $32.22.

Analyst Recommendations for Live Nation Entertainment (NYSE:LYV)

Shares of Live Nation Entertainment (NYSE:LYV) opened at 31.25 on Tuesday. The stock’s market capitalization is $6.37 billion. The stock has a 50 day moving average price of $29.88 and a 200 day moving average price of $28.38. Live Nation Entertainment has a 52 week low of $21.21 and a 52 week high of $31.62.

Live Nation Entertainment (NYSE:LYV) last announced its earnings results on Thursday, February 23rd. The company reported ($0.58) earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.58). Live Nation Entertainment had a net margin of 0.31% and a return on equity of 1.80%. The business had revenue of $8.40 billion for the quarter, compared to analyst estimates of $1.77 billion. On average, equities research analysts expect that Live Nation Entertainment will post $0.20 EPS for the current year.

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In related news, Director Margaret L. Johnson sold 9,000 shares of Live Nation Entertainment stock in a transaction that occurred on Monday, March 13th. The shares were sold at an average price of $28.63, for a total value of $257,670.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Michael Rapino sold 210,000 shares of Live Nation Entertainment stock in a transaction that occurred on Friday, February 3rd. The shares were sold at an average price of $28.52, for a total transaction of $5,989,200.00. Following the completion of the transaction, the chief executive officer now owns 836,196 shares of the company’s stock, valued at approximately $23,848,309.92. The disclosure for this sale can be found here. Insiders sold a total of 569,000 shares of company stock worth $16,208,570 over the last three months. Insiders own 4.16% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in LYV. Louisiana State Employees Retirement System boosted its position in shares of Live Nation Entertainment by 2.1% in the first quarter. Louisiana State Employees Retirement System now owns 33,400 shares of the company’s stock worth $1,014,000 after buying an additional 700 shares during the period. Capstone Asset Management Co. boosted its position in Live Nation Entertainment by 2.9% in the first quarter. Capstone Asset Management Co. now owns 12,578 shares of the company’s stock valued at $382,000 after buying an additional 350 shares during the period. Bank of Montreal Can boosted its position in Live Nation Entertainment by 2.5% in the first quarter. Bank of Montreal Can now owns 221,003 shares of the company’s stock valued at $6,712,000 after buying an additional 5,400 shares during the period. Creative Planning boosted its position in Live Nation Entertainment by 242.9% in the first quarter. Creative Planning now owns 14,399 shares of the company’s stock valued at $437,000 after buying an additional 10,200 shares during the period. Finally, Leith Wheeler Investment Counsel Ltd. purchased a new position in Live Nation Entertainment during the first quarter valued at approximately $1,326,000. Hedge funds and other institutional investors own 63.33% of the company’s stock.

About Live Nation Entertainment

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.

5 Day Chart for NYSE:LYV

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