Algert Global LLC Invests $902000 in Live Nation (LYV)

Marco Green
May 17, 2018

Live Nation investors are encouraged to visit to receive additional information about this action and submit their information online. Wall Street experts also assign a $50 price target on Live Nation Entertainment, Inc., pointing towards a 13.9% rally from current levels. Meeder Asset Management Inc. now owns 27,803 shares of the company's stock worth $1,183,000 after acquiring an additional 26,373 shares during the last quarter. US Bancorp DE raised its holdings in Live Nation by 379.4% in the 4th quarter. Accern also gave press coverage about the company an impact score of 45.5052006320156 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock's share price in the next few days. Global X Management Co. Yost Capital Management Llc who had been investing in Live Nation Entertainment In for a number of months, seems to be bullish on the $8.95B market cap company.

Among 4 analysts covering Live Nation Entertainment (NYSE:LYV), 4 have Buy rating, 0 Sell and 0 Hold. Finally, Bank of Hawaii bought a new stake in shares of Live Nation in the 4th quarter valued at approximately $298,000. Live Nation Entertainment had 7 analyst reports since November 20, 2017 according to SRatingsIntel. The firm has a market capitalization of $8.88 billion, a price-to-earnings ratio of -89.00 and a beta of 0.98. The company maintains price to book ratio of 1.18 industry average at 2.28.

Live Nation Entertainment Inc (NYSE:LYV) institutional sentiment decreased to 1.15 in 2017 Q4.

Live Nation (NYSE:LYV) last issued its quarterly earnings data on Thursday, May 3rd. The company reported ($0.24) earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of ($0.29) by $0.05. For Live Nation Entertainment, Inc., specifically, the RSI metric has reached 59.71. The business had revenue of $2.55 billion for the quarter, compared to the consensus estimate of $2.06 billion. The business's revenue was up 19.2% compared to the same quarter previous year. Zacks Investment Research raised Live Nation from a "sell" rating to a "hold" rating in a research note on Wednesday, April 4th. On Sunday, April 22 the stock rating was upgraded by Northcoast to "Buy". Guggenheim reiterated a "buy" rating and issued a $53.00 price target on shares of Live Nation in a report on Thursday, March 1st. Macquarie Research maintained the shares of LYV in report on Wednesday, August 9 with "Buy" rating.

When looking at the investment recommendation on say a scale of 1 to 5 (1 being a strong buy, 3 a hold, and 5 a sell), LYV is given a 1.60 while 2.00 placed for ISR. The stock's average target of $49 is 15.08% above today's ($42.58) share price. The Company owns and operates over 195 venues throughout the world, and the Company significantly expanded its ticketing services with the purchase of Ticketmaster Entertainment ("Ticketmaster") in 2010. Currently, women are majorly underrepresented both behind-the-scenes in concert and live show production, as well as on stage; with artists like Lily Allen calling out Wireless Festival for the lack of female performers and many festivals in general having an embarrassing lack of women in their lineups.

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