Hennessy Advisors Inc. Sells 4,200 Shares of Live Nation Entertainment, Inc. $LYV

Hennessy Advisors Inc. cut its stake in Live Nation Entertainment, Inc. (NYSE:LYV) by 6.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 64,395 shares of the company’s stock after selling 4,200 shares during the quarter. Hennessy Advisors Inc.’s holdings in Live Nation Entertainment were worth $9,176,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Vident Advisory LLC raised its position in shares of Live Nation Entertainment by 2.1% in the second quarter. Vident Advisory LLC now owns 3,622 shares of the company’s stock valued at $548,000 after purchasing an additional 75 shares during the period. Prairie Wealth Advisors Inc. raised its position in shares of Live Nation Entertainment by 5.0% in the third quarter. Prairie Wealth Advisors Inc. now owns 1,665 shares of the company’s stock valued at $272,000 after purchasing an additional 80 shares during the period. Private Trust Co. NA raised its position in shares of Live Nation Entertainment by 24.4% in the third quarter. Private Trust Co. NA now owns 418 shares of the company’s stock valued at $68,000 after purchasing an additional 82 shares during the period. Ameriflex Group Inc. raised its position in shares of Live Nation Entertainment by 102.4% in the third quarter. Ameriflex Group Inc. now owns 166 shares of the company’s stock valued at $27,000 after purchasing an additional 84 shares during the period. Finally, GW&K Investment Management LLC raised its position in shares of Live Nation Entertainment by 22.2% in the third quarter. GW&K Investment Management LLC now owns 468 shares of the company’s stock valued at $76,000 after purchasing an additional 85 shares during the period. 74.52% of the stock is owned by institutional investors.

Trending Headlines about Live Nation Entertainment

Here are the key news stories impacting Live Nation Entertainment this week:

• Positive Sentiment: Susquehanna trimmed its price target slightly but kept a “positive” rating on LYV, signaling some analysts still view upside despite the legal setback. Susquehanna adjusts Live Nation Entertainment PT to $180 from $183, maintains positive rating
• Neutral Sentiment: Live Nation issued a public statement saying the jury verdict is not the end of the matter and that pending motions and appeals could change outcomes — this leaves timing and ultimate financial impact uncertain. STATEMENT FROM LIVE NATION ENTERTAINMENT
• Neutral Sentiment: Coverage notes that any remedies (breakup, injunctions, refunds) will take time to implement; some reporting (NPR) says ticket prices are unlikely to fall immediately, so short-term revenue disruption may be limited. A jury declared Live Nation a monopoly. But ticket prices won’t drop just yet
• Neutral Sentiment: State attorneys-general and former DOJ officials hailed the verdict; political/regulatory support for stricter oversight could increase regulatory scrutiny but also adds uncertainty rather than immediate cash impact. Live Nation Verdict: Everything We Know and What Comes Next
• Negative Sentiment: A Manhattan federal jury found Live Nation and Ticketmaster engaged in anticompetitive conduct and illegally monopolized the major concert ticketing market — this raises potential damages, injunctive relief (structural or behavioral), and contract/venue risks that could pressure LYV’s valuation. Live Nation and Ticketmaster had anticompetitive monopoly, US jury finds
• Negative Sentiment: Multiple outlets frame the verdict as a landmark finding that Live Nation overcharged concertgoers and operated as a monopoly — headlines and analysis are increasing perceived legal/operational risk and have coincided with downward pressure on the stock. Live Nation Monopolized Ticket Sales, Jury Says. The Stock Drops.
• Negative Sentiment: Reporting on potential remedies includes calls for refunds or fee repayments to fans and breakup risk; if courts order large damages or structural changes, LYV could face material financial and strategic impacts. Will Live Nation/Ticketmaster repay fans? What TN AG says will happen next
• Negative Sentiment: Opinion and investigative pieces argue the company overcharged concertgoers and call the verdict a clear message to the industry; persistent negative press can weigh on investor sentiment and ticketing business momentum. Jury Finds Live Nation and Ticketmaster To Be Monopolists Over $1.72 Concert Ticket Price Increase

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Bank of America increased their price objective on shares of Live Nation Entertainment from $170.00 to $180.00 and gave the company a “buy” rating in a research report on Friday, February 20th. Wall Street Zen raised shares of Live Nation Entertainment from a “sell” rating to a “hold” rating in a research report on Saturday, April 11th. Jefferies Financial Group restated a “hold” rating on shares of Live Nation Entertainment in a research note on Monday, March 9th. Weiss Ratings raised shares of Live Nation Entertainment from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, March 9th. Finally, TD Cowen restated a “buy” rating on shares of Live Nation Entertainment in a research report on Monday, February 23rd. Twenty-one equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Live Nation Entertainment has an average rating of “Moderate Buy” and a consensus target price of $186.38.

Insider Transactions at Live Nation Entertainment

In related news, Director Jeffrey T. Hinson sold 944 shares of the firm’s stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $165.87, for a total value of $156,581.28. Following the completion of the transaction, the director owned 48,030 shares in the company, valued at $7,966,736.10. This trade represents a 1.93% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.72% of the stock is currently owned by company insiders.

Live Nation Entertainment Trading Down 0.0%

LYV opened at $156.54 on Monday. The company’s 50 day moving average is $157.20 and its 200-day moving average is $148.43. Live Nation Entertainment, Inc. has a 1-year low of $122.08 and a 1-year high of $175.25. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 8.51. The company has a market cap of $36.75 billion, a P/E ratio of -652.23 and a beta of 1.15.

Live Nation Entertainment (NYSE:LYV) last posted its quarterly earnings results on Thursday, February 19th. The company reported ($1.06) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.00) by ($0.06). Live Nation Entertainment had a net margin of 1.79% and a return on equity of 48.11%. The company had revenue of $6.31 billion during the quarter, compared to analyst estimates of $6.12 billion. During the same quarter in the previous year, the business posted $0.58 earnings per share. The company’s revenue for the quarter was up 11.1% on a year-over-year basis. Equities research analysts predict that Live Nation Entertainment, Inc. will post 2.38 earnings per share for the current fiscal year.

Live Nation Entertainment Company Profile

Live Nation Entertainment is a global live entertainment company that promotes, operates and sells tickets for live events. The company’s core activities include concert promotion and production, venue operations and management, ticketing services through its Ticketmaster platform, artist management and development, and sponsorship and advertising services tied to live events. These integrated businesses are designed to connect artists, fans and commercial partners across the live event ecosystem.

The company in its current form was created following the 2010 merger of Live Nation and Ticketmaster, combining a promoter and venue operator with one of the industry’s largest ticketing platforms.