Raab & Moskowitz Asset Management LLC Has $1.83 Million Stock Position in Live Nation Entertainment, Inc. (NYSE:LYV)

Raab & Moskowitz Asset Management LLC lowered its position in shares of Live Nation Entertainment, Inc. (NYSE:LYV) by 3.9% in the fourth quarter, HoldingsChannel reports. The firm owned 19,525 shares of the company’s stock after selling 797 shares during the period. Raab & Moskowitz Asset Management LLC’s holdings in Live Nation Entertainment were worth $1,828,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in LYV. K.J. Harrison & Partners Inc increased its position in Live Nation Entertainment by 35.0% in the 4th quarter. K.J. Harrison & Partners Inc now owns 23,150 shares of the company’s stock valued at $2,167,000 after acquiring an additional 6,000 shares in the last quarter. Pittenger & Anderson Inc. increased its position in Live Nation Entertainment by 6.0% in the 4th quarter. Pittenger & Anderson Inc. now owns 116,965 shares of the company’s stock valued at $10,948,000 after acquiring an additional 6,661 shares in the last quarter. Bank of New Hampshire acquired a new stake in Live Nation Entertainment in the 4th quarter valued at about $1,735,000. Tokio Marine Asset Management Co. Ltd. increased its position in Live Nation Entertainment by 9.7% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 4,525 shares of the company’s stock valued at $424,000 after acquiring an additional 399 shares in the last quarter. Finally, Yousif Capital Management LLC increased its position in Live Nation Entertainment by 73.3% in the 4th quarter. Yousif Capital Management LLC now owns 33,877 shares of the company’s stock valued at $3,171,000 after acquiring an additional 14,328 shares in the last quarter. Institutional investors and hedge funds own 74.52% of the company’s stock.

Live Nation Entertainment Stock Up 1.5 %

Live Nation Entertainment stock opened at $89.83 on Friday. The company’s 50 day simple moving average is $98.87 and its 200 day simple moving average is $91.56. Live Nation Entertainment, Inc. has a fifty-two week low of $65.20 and a fifty-two week high of $107.24. The firm has a market capitalization of $20.73 billion, a price-to-earnings ratio of 67.54 and a beta of 1.30. The company has a debt-to-equity ratio of 9.30, a current ratio of 0.96 and a quick ratio of 0.96.

Live Nation Entertainment (NYSE:LYV) last released its quarterly earnings data on Thursday, February 22nd. The company reported ($1.22) earnings per share for the quarter, missing the consensus estimate of ($1.13) by ($0.09). Live Nation Entertainment had a return on equity of 118.42% and a net margin of 2.48%. The firm had revenue of $5.84 billion for the quarter, compared to the consensus estimate of $4.72 billion. As a group, sell-side analysts anticipate that Live Nation Entertainment, Inc. will post 1.62 EPS for the current year.

Insider Buying and Selling

In other Live Nation Entertainment news, Director Jeffrey T. Hinson sold 1,001 shares of Live Nation Entertainment stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $100.50, for a total value of $100,600.50. Following the transaction, the director now owns 59,374 shares of the company’s stock, valued at $5,967,087. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 2.85% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on LYV. Morgan Stanley raised their price objective on shares of Live Nation Entertainment from $110.00 to $120.00 and gave the company an “overweight” rating in a research report on Friday, February 23rd. Roth Capital upgraded shares of Live Nation Entertainment from a “neutral” rating to a “buy” rating in a research report on Thursday, January 11th. Roth Mkm reiterated a “buy” rating and set a $120.00 price target on shares of Live Nation Entertainment in a research report on Tuesday, April 23rd. Oppenheimer lifted their price target on shares of Live Nation Entertainment from $105.00 to $115.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 21st. Finally, Rosenblatt Securities lowered their price target on shares of Live Nation Entertainment from $124.00 to $119.00 and set a “buy” rating for the company in a research report on Thursday, April 11th. One investment analyst has rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $116.30.

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.