AG2R LA Mondiale Gestion D Actifs Invests $915,000 in Live Nation Entertainment, Inc. $LYV

Key Points

• AG2R LA Mondiale Gestion D Actifs acquired a new position in Live Nation Entertainment, purchasing 6,668 shares valued at approximately $915,000 during the first quarter.
• Institutional investors hold 74.52% of Live Nation's stock, with significant increases in holdings from firms such as Vanguard Group and Canada Pension Plan Investment Board.
• Live Nation's recent earnings report showed a revenue of $7.01 billion, surpassing expectations, though the earnings per share fell short of the consensus estimate.

AG2R LA Mondiale Gestion D Actifs acquired a new position in shares of Live Nation Entertainment, Inc. (NYSE:LYV - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund acquired 6,668 shares of the company's stock, valued at approximately $915,000.

Several other large investors have also recently modified their holdings of LYV. Wayfinding Financial LLC bought a new position in shares of Live Nation Entertainment during the 1st quarter worth approximately $30,000. Chilton Capital Management LLC purchased a new stake in Live Nation Entertainment during the 1st quarter worth approximately $33,000. GW&K Investment Management LLC grew its position in Live Nation Entertainment by 690.2% during the 1st quarter. GW&K Investment Management LLC now owns 324 shares of the company's stock worth $42,000 after purchasing an additional 283 shares during the last quarter. N.E.W. Advisory Services LLC purchased a new stake in Live Nation Entertainment during the 1st quarter worth approximately $42,000. Finally, Private Trust Co. NA grew its position in Live Nation Entertainment by 94.2% during the 1st quarter. Private Trust Co. NA now owns 404 shares of the company's stock worth $53,000 after purchasing an additional 196 shares during the last quarter. Institutional investors own 74.52% of the company's stock.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Citigroup boosted their target price on shares of Live Nation Entertainment from $165.00 to $195.00 and gave the stock a "buy" rating in a research report on Tuesday, September 9th. Benchmark upped their price objective on shares of Live Nation Entertainment from $178.00 to $180.00 and gave the company a "buy" rating in a report on Friday, August 8th. Morgan Stanley set a $180.00 price objective on shares of Live Nation Entertainment in a report on Thursday, July 24th. Moffett Nathanson initiated coverage on shares of Live Nation Entertainment in a report on Monday, August 18th. They issued a "buy" rating and a $195.00 price objective on the stock. Finally, Rothschild & Co Redburn downgraded shares of Live Nation Entertainment from a "buy" rating to a "neutral" rating and upped their price objective for the company from $144.00 to $170.00 in a report on Tuesday. Eighteen equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $170.68.

Live Nation Entertainment Stock Down 0.9%

Shares of Live Nation Entertainment stock traded down $1.48 during trading hours on Friday, reaching $163.20. 919,953 shares of the company were exchanged, compared to its average volume of 2,449,176. Live Nation Entertainment, Inc. has a 1 year low of $102.72 and a 1 year high of $175.25. The stock's fifty day moving average is $158.97 and its 200 day moving average is $143.75. The company has a debt-to-equity ratio of 5.38, a quick ratio of 0.88 and a current ratio of 0.88. The firm has a market cap of $38.27 billion, a PE ratio of 70.72, a PEG ratio of 11.43 and a beta of 1.42.

Live Nation Entertainment (NYSE:LYV - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.41 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.08 by ($0.67). Live Nation Entertainment had a return on equity of 105.85% and a net margin of 3.88%.The firm had revenue of $7.01 billion during the quarter, compared to analysts' expectations of $6.93 billion. During the same quarter in the prior year, the firm earned $1.03 EPS. The firm's revenue was up 16.3% compared to the same quarter last year. As a group, equities research analysts forecast that Live Nation Entertainment, Inc. will post 2.38 earnings per share for the current year.

About Live Nation Entertainment

Live Nation Entertainment, Inc operates as a live entertainment company worldwide. It operates through Concerts, Ticketing, and Sponsorship & Advertising segments. The Concerts segment promotes live music events in its owned or operated venues, and in rented third-party venues. This segment operates and manages music venues; produces music festivals; creates and streams associated content; and offers management and other services to artists.