Caxton Associates LLP Takes Position in Live Nation Entertainment, Inc. $LYV

Key Points

• Caxton Associates LLP has invested approximately $461,000 in Live Nation Entertainment, acquiring 3,534 shares in the first quarter of the year.
• Several institutional investors, including Baird Financial and Cetera Investment Advisers, have increased their stakes in Live Nation, indicating strong institutional interest in the company.
• Wall Street analysts have a consensus rating of “Buy” for Live Nation Entertainment, with price targets ranging from $165 to $195, reflecting positive market sentiment towards the stock.

Caxton Associates LLP purchased a new stake in Live Nation Entertainment, Inc. (NYSE:LYV - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 3,534 shares of the company's stock, valued at approximately $461,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Wayfinding Financial LLC bought a new stake in shares of Live Nation Entertainment in the 1st quarter valued at about $30,000. Chilton Capital Management LLC bought a new stake in shares of Live Nation Entertainment in the 1st quarter valued at about $33,000. N.E.W. Advisory Services LLC bought a new stake in shares of Live Nation Entertainment in the 1st quarter valued at about $42,000. GW&K Investment Management LLC increased its stake in shares of Live Nation Entertainment by 690.2% in the 1st quarter. GW&K Investment Management LLC now owns 324 shares of the company's stock valued at $42,000 after acquiring an additional 283 shares during the last quarter. Finally, Private Trust Co. NA increased its stake in shares of Live Nation Entertainment by 94.2% in the 1st quarter. Private Trust Co. NA now owns 404 shares of the company's stock valued at $53,000 after acquiring an additional 196 shares during the last quarter. 74.52% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on LYV shares. Wolfe Research upped their price target on Live Nation Entertainment from $160.00 to $168.00 and gave the company an "outperform" rating in a research note on Tuesday, June 10th. Susquehanna set a $165.00 target price on Live Nation Entertainment and gave the stock a "positive" rating in a research note on Tuesday, June 10th. Benchmark increased their target price on Live Nation Entertainment from $178.00 to $180.00 and gave the stock a "buy" rating in a research note on Friday, August 8th. Sanford C. Bernstein began coverage on Live Nation Entertainment in a research note on Wednesday, June 4th. They set an "outperform" rating and a $185.00 target price for the company. Finally, Citigroup increased their target price on Live Nation Entertainment from $165.00 to $195.00 and gave the stock a "buy" rating in a research note on Tuesday, September 9th. Eighteen investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $170.72.

Live Nation Entertainment Stock Down 0.2%

NYSE:LYV traded down $0.31 during trading hours on Friday, reaching $173.75. 1,408,354 shares of the stock were exchanged, compared to its average volume of 1,740,465. The stock has a market cap of $40.74 billion, a PE ratio of 75.22, a PEG ratio of 11.74 and a beta of 1.42. The company has a debt-to-equity ratio of 5.38, a current ratio of 0.88 and a quick ratio of 0.88. Live Nation Entertainment, Inc. has a twelve month low of $97.40 and a twelve month high of $175.25. The firm has a 50 day moving average of $157.02 and a 200 day moving average of $143.01.

Live Nation Entertainment (NYSE:LYV - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.41 EPS for the quarter, missing the consensus estimate of $1.08 by ($0.67). The company had revenue of $7.01 billion during the quarter, compared to analyst estimates of $6.93 billion. Live Nation Entertainment had a net margin of 3.88% and a return on equity of 105.85%. The company's quarterly revenue was up 16.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.03 EPS. On average, equities analysts expect 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.