Multiple organizations including HB Wealth Management LLC, Ritholtz Wealth Management, and Jackson Square Capital LLC are reportedly acquiring substantial shares in Live Nation Entertainment, Inc. (LYV). Billionaire Dan Loeb also recognizes LYV as one of his top stock picks. Vulcan Value Partners on the other hand, have reportedly sold its stake in LYV. LYV has faced a lawsuit by the DOJ and reported its Q3 2024 financial performance, while analysts anticipate a price target for LYV to reach US$137.
LYV has expanded into Singapore and Portugal by unveiling an entertainment venue and acquiring the MEO Arena, respectively. They have also announced the pricing and launch of a Convertible Senior Notes Offering. Their stocks have surged by 16% in a year, but a decrease was noted due to unmet profit estimates. Despite this, Jim Cramer retains confidence in live entertainment's power. Additional regulatory and SWOT insights, and Q3 2024 earnings were shared. The company is also showing their support to LA music workers affected by wildfires with a $1M relief fund.
Meanwhile, US state AGs and the US Department of Justice have presented legal claims against them. LYV has sold a considerable premium to their share price with their $1B Convertible Notes Offering. They have recently reported posting upbeat profits on reduced costs, indicating signs of resilience.
Live Nation Entertainment LYV News Analytics from Thu, 22 Feb 2024 08:00:00 GMT to Sat, 25 Jan 2025 08:34:35 GMT - Rating -1 - Innovation 6 - Information 8 - Rumor 3
