Prairie Wealth Advisors Inc. Invests $211,000 in Live Nation Entertainment, Inc. (NYSE:LYV)

Prairie Wealth Advisors Inc. acquired a new stake in shares of Live Nation Entertainment, Inc. (NYSE:LYV) during the 4th quarter, HoldingsChannel.com reports. The firm acquired 1,630 shares of the company’s stock, valued at approximately $211,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of LYV. Charles Schwab Investment Management Inc. boosted its stake in shares of Live Nation Entertainment by 12.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 971,039 shares of the company’s stock valued at $106,319,000 after purchasing an additional 107,844 shares in the last quarter. Empowered Funds LLC boosted its position in Live Nation Entertainment by 392.4% during the 3rd quarter. Empowered Funds LLC now owns 17,336 shares of the company’s stock worth $1,898,000 after buying an additional 13,815 shares during the period. Natixis Advisors LLC grew its holdings in Live Nation Entertainment by 12.0% during the 3rd quarter. Natixis Advisors LLC now owns 66,481 shares of the company’s stock worth $7,279,000 after acquiring an additional 7,136 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of Live Nation Entertainment during the third quarter valued at $441,000. Finally, Friedenthal Financial acquired a new position in shares of Live Nation Entertainment during the fourth quarter worth $754,000. Institutional investors own 74.52% of the company’s stock.

Live Nation Entertainment Stock Performance

Shares of Live Nation Entertainment stock opened at $149.73 on Friday. The business has a 50-day simple moving average of $135.92 and a 200 day simple moving average of $117.89. The firm has a market capitalization of $34.79 billion, a price-to-earnings ratio of 159.29, a PEG ratio of 1.67 and a beta of 1.38. The company has a debt-to-equity ratio of 6.10, a current ratio of 1.01 and a quick ratio of 1.01. Live Nation Entertainment, Inc. has a one year low of $86.81 and a one year high of $150.50.

Live Nation Entertainment (NYSE:LYV) last issued its earnings results on Monday, November 11th. The company reported $1.66 earnings per share for the quarter, topping analysts’ consensus estimates of $1.58 by $0.08. Live Nation Entertainment had a return on equity of 77.62% and a net margin of 2.11%. The company had revenue of $7.65 billion for the quarter, compared to analyst estimates of $7.75 billion. During the same period in the prior year, the firm earned $1.78 earnings per share. Live Nation Entertainment’s revenue for the quarter was down 6.2% on a year-over-year basis. On average, research analysts anticipate that Live Nation Entertainment, Inc. will post 0.99 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on LYV. Bank of America raised their target price on Live Nation Entertainment from $125.00 to $149.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Guggenheim lifted their price objective on Live Nation Entertainment from $146.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. Macquarie increased their target price on shares of Live Nation Entertainment from $130.00 to $146.00 and gave the company an “outperform” rating in a research report on Friday, November 15th. StockNews.com upgraded shares of Live Nation Entertainment from a “sell” rating to a “hold” rating in a research report on Wednesday, November 20th. Finally, Oppenheimer increased their price objective on shares of Live Nation Entertainment from $120.00 to $155.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. Two equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat.com, Live Nation Entertainment presently has an average rating of “Moderate Buy” and an average price target of $145.40.

About Live Nation Entertainment

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.