Live Nation Entertainment, Inc. (NYSE:LYV) was the target of some unusual options trading activity on Friday. Investors purchased 4,132 put options on the company. This is an increase of 2,566% compared to the average volume of 155 put options.

A number of research analysts recently issued reports on the stock. Macquarie reissued a “buy” rating and issued a $52.00 price objective on shares of Live Nation Entertainment in a research note on Wednesday, January 17th. Zacks Investment Research cut shares of Live Nation Entertainment from a “hold” rating to a “sell” rating in a research note on Thursday, January 11th. Citigroup cut shares of Live Nation Entertainment from a “buy” rating to a “neutral” rating in a research note on Saturday, December 30th. Jefferies Group lifted their price objective on shares of Live Nation Entertainment from $42.00 to $46.00 and gave the company a “buy” rating in a research note on Friday, November 3rd. Finally, JPMorgan Chase & Co. reissued a “buy” rating on shares of Live Nation Entertainment in a research note on Wednesday, October 18th. One research analyst has rated the stock with a sell rating, three have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. Live Nation Entertainment currently has a consensus rating of “Buy” and a consensus price target of $44.57.

Shares of Live Nation Entertainment (NYSE:LYV) opened at $44.73 on Monday. Live Nation Entertainment has a 52-week low of $28.00 and a 52-week high of $46.99. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.11 and a quick ratio of 1.11. The firm has a market cap of $9,250.16, a P/E ratio of 2,237.62 and a beta of 1.01.

Live Nation Entertainment (NYSE:LYV) last issued its earnings results on Thursday, November 2nd. The company reported $0.53 earnings per share for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.02). Live Nation Entertainment had a net margin of 0.50% and a return on equity of 3.33%. The company had revenue of $3.56 billion during the quarter, compared to analyst estimates of $3.36 billion. During the same quarter in the prior year, the business earned $0.49 EPS. The business’s quarterly revenue was up 12.3% on a year-over-year basis. equities research analysts expect that Live Nation Entertainment will post -0.44 EPS for the current fiscal year.

In related news, COO Joe Berchtold sold 20,000 shares of Live Nation Entertainment stock in a transaction that occurred on Wednesday, December 6th. The shares were sold at an average price of $43.08, for a total value of $861,600.00. Following the transaction, the chief operating officer now directly owns 97,918 shares of the company’s stock, valued at $4,218,307.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Michael Rapino sold 70,000 shares of Live Nation Entertainment stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $45.46, for a total transaction of $3,182,200.00. Following the completion of the transaction, the chief executive officer now directly owns 395,277 shares in the company, valued at $17,969,292.42. The disclosure for this sale can be found here. Insiders sold 1,060,000 shares of company stock worth $47,451,500 over the last three months. 4.77% of the stock is currently owned by insiders.

A number of institutional investors have recently modified their holdings of LYV. IFP Advisors Inc boosted its position in Live Nation Entertainment by 85.4% in the fourth quarter. IFP Advisors Inc now owns 3,088 shares of the company’s stock valued at $131,000 after buying an additional 1,422 shares in the last quarter. Assetmark Inc. acquired a new stake in Live Nation Entertainment in the third quarter valued at approximately $134,000. US Bancorp DE boosted its position in Live Nation Entertainment by 379.4% in the fourth quarter. US Bancorp DE now owns 3,869 shares of the company’s stock valued at $165,000 after buying an additional 3,062 shares in the last quarter. Massey Quick Simon & CO. LLC acquired a new stake in Live Nation Entertainment in the third quarter valued at approximately $167,000. Finally, Chevy Chase Trust Holdings Inc. acquired a new stake in Live Nation Entertainment in the third quarter valued at approximately $209,000. Hedge funds and other institutional investors own 68.27% of the company’s stock.

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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.

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