Linonia Partnership LP acquired a new position in shares of Live Nation Entertainment, Inc. (NYSE:LYV - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 673,090 shares of the company's stock, valued at approximately $87,892,000. Live Nation Entertainment comprises 3.4% of Linonia Partnership LP's investment portfolio, making the stock its 8th biggest holding. Linonia Partnership LP owned about 0.29% of Live Nation Entertainment as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Measured Risk Portfolios Inc. bought a new stake in shares of Live Nation Entertainment in the 4th quarter valued at about $29,000. 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 Live Nation Entertainment during the 1st quarter worth approximately $33,000. GW&K Investment Management LLC increased its stake 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 in the last quarter. Finally, N.E.W. Advisory Services LLC bought a new stake in Live Nation Entertainment during the 1st quarter worth approximately $42,000. 74.52% of the stock is owned by institutional investors.
Live Nation Entertainment Trading Up 1.9%
NYSE LYV opened at $165.6330 on Monday. The company has a market cap of $38.84 billion, a PE ratio of 71.70, a PEG ratio of 10.00 and a beta of 1.46. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 5.38. Live Nation Entertainment, Inc. has a 12 month low of $92.57 and a 12 month high of $166.54. The stock has a 50 day moving average of $151.31 and a 200-day moving average of $141.16.
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 research analysts anticipate 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 issued reports on LYV shares. Roth Mkm lowered their target price 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. Morgan Stanley set a $180.00 target price on Live Nation Entertainment in a research note on Thursday, July 24th. Moffett Nathanson started coverage on Live Nation Entertainment in a research note on Monday, August 18th. They set a "buy" rating and a $195.00 target price for the company. 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. Finally, Wolfe Research upped their price target on Live Nation Entertainment from $160.00 to $168.00 and gave the stock an "outperform" rating in a research report on Tuesday, June 10th. Eighteen research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $168.94.
View Our Latest Analysis on LYV
About Live Nation Entertainment
(
Free Report)
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.
Further Reading
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