North Star Asset Management Inc. Has $12.54 Million Stock Position in Live Nation Entertainment, Inc. $LYV

North Star Asset Management Inc. boosted its position in shares of Live Nation Entertainment, Inc. (NYSE:LYV - Free Report) by 3.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 82,883 shares of the company's stock after acquiring an additional 2,928 shares during the quarter. North Star Asset Management Inc.'s holdings in Live Nation Entertainment were worth $12,539,000 at the end of the most recent reporting period.

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Several other hedge funds have also bought and sold shares of the company. Private Advisor Group LLC grew its stake in Live Nation Entertainment by 150.9% in the 1st quarter. Private Advisor Group LLC now owns 4,388 shares of the company's stock valued at $573,000 after buying an additional 2,639 shares during the last quarter. Avantax Advisory Services Inc. bought a new stake in Live Nation Entertainment during the first quarter worth $206,000. Cetera Investment Advisers grew its position in Live Nation Entertainment by 27.7% in the first quarter. Cetera Investment Advisers now owns 11,225 shares of the company's stock valued at $1,466,000 after acquiring an additional 2,435 shares during the last quarter. Skandinaviska Enskilda Banken AB publ grew its holdings in shares of Live Nation Entertainment by 5.6% during the 1st quarter. Skandinaviska Enskilda Banken AB publ now owns 33,720 shares of the company's stock valued at $4,403,000 after purchasing an additional 1,800 shares during the last quarter. Finally, Mediolanum International Funds Ltd bought a new stake in shares of Live Nation Entertainment during the first quarter worth $836,000. 74.52% of the stock is currently owned by institutional investors and hedge funds.

Live Nation Entertainment Trading Down 3.7%

Shares of LYV stock opened at $125.80 on Tuesday. Live Nation Entertainment, Inc. has a 1 year low of $112.88 and a 1 year high of $175.25. The company's fifty day simple moving average is $150.78 and its two-hundred day simple moving average is $151.32. The company has a debt-to-equity ratio of 5.38, a current ratio of 0.88 and a quick ratio of 0.88. The stock has a market capitalization of $29.53 billion, a price-to-earnings ratio of 54.46, a PEG ratio of 12.85 and a beta of 1.37.

• Rocking the Charts: Why Live Nation Could Hit New Highs

Live Nation Entertainment (NYSE:LYV - Get Free Report) last posted its earnings results on Tuesday, November 4th. The company reported $0.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.54 by ($0.81). The firm had revenue of $8.50 billion during the quarter, compared to analysts' expectations of $8.87 billion. Live Nation Entertainment had a return on equity of 105.85% and a net margin of 3.88%.The business'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 earned $1.66 earnings per share. As a group, analysts anticipate that Live Nation Entertainment, Inc. will post 2.38 earnings per share for the current year.

Analyst Ratings Changes

LYV has been the subject of several recent research reports. Evercore ISI decreased their price target on shares of Live Nation Entertainment from $180.00 to $168.00 and set an "outperform" rating for the company in a research report on Wednesday, November 5th. Oppenheimer boosted their price target on Live Nation Entertainment from $165.00 to $180.00 and gave the company an "outperform" rating in a research note on Tuesday, August 12th. JPMorgan Chase & Co. cut their price objective on shares of Live Nation Entertainment from $180.00 to $172.00 and set an "overweight" rating on the stock in a research report on Wednesday, November 5th. Citigroup decreased their price objective on Live Nation Entertainment from $195.00 to $181.00 and set a "buy" rating for the company in a report on Thursday, October 23rd. Finally, Rothschild Redb lowered shares of Live Nation Entertainment from a "strong-buy" rating to a "hold" rating in a report on Tuesday, September 16th. Nineteen investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Live Nation Entertainment presently has a consensus rating of "Moderate Buy" and a consensus target price of $173.50.

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View Our Latest Research Report on Live Nation Entertainment

Live Nation Entertainment 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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