Traders bought shares of Live Nation Entertainment, Inc. (NYSE:LYV) on weakness during trading hours on Tuesday. $33.99 million flowed into the stock on the tick-up and $9.98 million flowed out of the stock on the tick-down, for a money net flow of $24.01 million into the stock. Of all equities tracked, Live Nation Entertainment had the 19th highest net in-flow for the day. Live Nation Entertainment traded down ($0.25) for the day and closed at $42.59

Several research analysts have recently weighed in on LYV shares. ValuEngine raised Live Nation Entertainment from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Jefferies Group LLC reaffirmed a “buy” rating and set a $36.00 price objective on shares of Live Nation Entertainment in a research report on Monday, June 5th. Northcoast Research cut Live Nation Entertainment from a “buy” rating to a “neutral” rating in a research report on Monday, June 19th. They noted that the move was a valuation call. BidaskClub cut Live Nation Entertainment from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 22nd. Finally, William Blair started coverage on Live Nation Entertainment in a research report on Friday, July 21st. They set an “outperform” rating for the company. Four equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $39.71.

The company’s 50-day moving average is $39.56 and its 200 day moving average is $34.74. The company has a market capitalization of $8.81 billion, a PE ratio of 6141.43 and a beta of 1.01.

Live Nation Entertainment (NYSE:LYV) last issued its earnings results on Wednesday, August 9th. The company reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.10. The business had revenue of $2.82 billion during the quarter, compared to analyst estimates of $2.37 billion. Live Nation Entertainment had a return on equity of 1.60% and a net margin of 0.25%. The firm’s revenue was up 29.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.13 EPS. Equities analysts predict that Live Nation Entertainment, Inc. will post $0.22 EPS for the current fiscal year.

In other Live Nation Entertainment news, Director Ariel Emanuel sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $41.56, for a total transaction of $415,600.00. Following the completion of the sale, the director now directly owns 85,737 shares of the company’s stock, valued at approximately $3,563,229.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Brian Capo sold 7,500 shares of the business’s stock in a transaction that occurred on Friday, September 8th. The stock was sold at an average price of $40.50, for a total value of $303,750.00. Following the sale, the insider now directly owns 13,354 shares of the company’s stock, valued at $540,837. The disclosure for this sale can be found here. Insiders own 4.77% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of LYV. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Live Nation Entertainment by 9.1% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,321 shares of the company’s stock worth $185,000 after purchasing an additional 445 shares in the last quarter. NJ State Employees Deferred Compensation Plan purchased a new position in shares of Live Nation Entertainment in the 2nd quarter worth approximately $210,000. PICTET BANK & TRUST Ltd purchased a new position in shares of Live Nation Entertainment in the 1st quarter worth approximately $225,000. Oppenheimer Asset Management Inc. purchased a new position in shares of Live Nation Entertainment in the 1st quarter worth approximately $233,000. Finally, KBC Group NV purchased a new position in shares of Live Nation Entertainment in the 1st quarter worth approximately $238,000. 65.62% of the stock is owned by hedge funds and other institutional investors.

WARNING: “Investors Buy Live Nation Entertainment, Inc. (LYV) on Weakness” was originally reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this piece of content on another domain, it was copied illegally and republished in violation of U.S. & international copyright laws. The legal version of this piece of content can be accessed at https://www.thecerbatgem.com/2017/09/28/investors-buy-live-nation-entertainment-inc-lyv-on-weakness.html.

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.

Receive News & Stock Ratings for Live Nation Entertainment Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Live Nation Entertainment Inc. and related stocks with our FREE daily email newsletter.