Assenagon Asset Management S.A. Has $441,000 Holdings in Live Nation Entertainment, Inc. (NYSE:LYV)

Assenagon Asset Management S.A. trimmed its holdings in shares of Live Nation Entertainment, Inc. (NYSE:LYV - Free Report) by 90.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,379 shares of the company's stock after selling 30,769 shares during the period. Assenagon Asset Management S.A.'s holdings in Live Nation Entertainment were worth $441,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Canada Pension Plan Investment Board increased its position in shares of Live Nation Entertainment by 0.5% during the 4th quarter. Canada Pension Plan Investment Board now owns 8,650,015 shares of the company's stock valued at $1,120,177,000 after purchasing an additional 44,703 shares during the period. Independent Franchise Partners LLP boosted its stake in Live Nation Entertainment by 207.6% during the fourth quarter. Independent Franchise Partners LLP now owns 4,693,986 shares of the company's stock valued at $607,871,000 after buying an additional 3,168,210 shares in the last quarter. Geode Capital Management LLC grew its holdings in Live Nation Entertainment by 2.9% during the fourth quarter. Geode Capital Management LLC now owns 3,871,850 shares of the company's stock worth $500,107,000 after acquiring an additional 108,293 shares during the period. Jericho Capital Asset Management L.P. raised its position in Live Nation Entertainment by 32.0% in the fourth quarter. Jericho Capital Asset Management L.P. now owns 3,208,082 shares of the company's stock worth $415,447,000 after acquiring an additional 777,105 shares in the last quarter. Finally, Cantillon Capital Management LLC lifted its holdings in Live Nation Entertainment by 0.5% in the 4th quarter. Cantillon Capital Management LLC now owns 2,977,411 shares of the company's stock valued at $385,575,000 after acquiring an additional 15,891 shares during the last quarter. 74.52% of the stock is currently owned by institutional investors.

Live Nation Entertainment Stock Up 0.4%

Shares of LYV stock traded up $0.66 during trading on Friday, hitting $148.92. 6,524,635 shares of the company were exchanged, compared to its average volume of 2,349,177. The business's 50-day simple moving average is $138.06 and its 200 day simple moving average is $136.03. Live Nation Entertainment, Inc. has a twelve month low of $87.33 and a twelve month high of $157.75. The firm has a market capitalization of $34.52 billion, a price-to-earnings ratio of 50.83, a P/E/G ratio of 5.88 and a beta of 1.44. The company has a debt-to-equity ratio of 7.43, a quick ratio of 0.96 and a current ratio of 0.96.

Live Nation Entertainment (NYSE:LYV - Get Free Report) last issued its earnings results on Thursday, May 1st. The company reported ($0.32) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.03) by ($0.29). Live Nation Entertainment had a net margin of 4.28% and a return on equity of 125.77%. The company had revenue of $3.38 billion for the quarter, compared to analyst estimates of $3.63 billion. During the same period last year, the business earned $0.60 EPS. The company's quarterly revenue was down 11.0% on a year-over-year basis. As a group, analysts forecast that Live Nation Entertainment, Inc. will post 2.38 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Wolfe Research boosted their target price on shares of Live Nation Entertainment from $160.00 to $168.00 and gave the stock an "outperform" rating in a report on Tuesday, June 10th. Macquarie increased their price objective on Live Nation Entertainment from $146.00 to $165.00 and gave the company an "outperform" rating in a research report on Thursday, March 6th. Roth Mkm reduced their price objective on Live Nation Entertainment from $174.00 to $164.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. Rosenblatt Securities cut their target price on Live Nation Entertainment from $174.00 to $170.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. Finally, Benchmark reiterated a "buy" rating and issued a $178.00 price target on shares of Live Nation Entertainment in a research report on Tuesday, April 1st. One equities research analyst has rated the stock with a hold rating and seventeen have given a buy rating to the company. According to MarketBeat, Live Nation Entertainment has an average rating of "Moderate Buy" and a consensus price target of $165.24.

Insider Buying and Selling at Live Nation Entertainment

In related news, EVP John Hopmans sold 34,808 shares of Live Nation Entertainment stock in a transaction on Friday, May 16th. The shares were sold at an average price of $147.38, for a total value of $5,130,003.04. Following the completion of the sale, the executive vice president now owns 189,456 shares of the company's stock, valued at approximately $27,922,025.28. The trade was a 15.52% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 3.01% of the company's stock.

Live Nation Entertainment Company Profile

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.