Nuveen LLC purchased a new position in Live Nation Entertainment, Inc. (NYSE:LYV - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 1,543,123 shares of the company's stock, valued at approximately $201,501,000. Nuveen LLC owned approximately 0.67% of Live Nation Entertainment as of its most recent SEC filing.
Other hedge funds have also recently made changes to their positions in the company. Measured Risk Portfolios Inc. bought a new stake in shares of Live Nation Entertainment in the 4th quarter worth approximately $29,000. Wayfinding Financial LLC bought a new stake in shares of Live Nation Entertainment in the 1st quarter worth approximately $30,000. Chilton Capital Management LLC bought a new position in shares of Live Nation Entertainment in the first quarter worth approximately $33,000. N.E.W. Advisory Services LLC bought a new position in shares of Live Nation Entertainment in the first quarter worth approximately $42,000. Finally, GW&K Investment Management LLC lifted its stake in shares of Live Nation Entertainment by 690.2% in the first quarter. GW&K Investment Management LLC now owns 324 shares of the company's stock worth $42,000 after buying an additional 283 shares in the last quarter. 74.52% of the stock is owned by institutional investors.
Live Nation Entertainment Price Performance
NYSE:LYV opened at $154.48 on Tuesday. The company has a debt-to-equity ratio of 5.38, a current ratio of 0.88 and a quick ratio of 0.88. The firm has a market cap of $36.22 billion, a price-to-earnings ratio of 66.87, a price-to-earnings-growth ratio of 5.06 and a beta of 1.46. The company has a 50 day moving average price of $147.72 and a 200-day moving average price of $140.12. Live Nation Entertainment, Inc. has a 1-year low of $91.25 and a 1-year high of $157.75.
Live Nation Entertainment (NYSE:LYV - Get Free Report) last issued its quarterly earnings results 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 analysts' expectations of $6.93 billion. Live Nation Entertainment had a return on equity of 105.85% and a net margin of 3.88%. Live Nation Entertainment's revenue was up 16.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.03 EPS. Equities research analysts forecast that Live Nation Entertainment, Inc. will post 2.38 EPS for the current year.
Wall Street Analyst Weigh In
LYV has been the topic of several analyst reports. Benchmark upped their target price on shares of Live Nation Entertainment from $178.00 to $180.00 and gave the stock a "buy" rating in a research note on Friday. Sanford C. Bernstein initiated coverage on shares of Live Nation Entertainment in a research note on Wednesday, June 4th. They issued an "outperform" rating and a $185.00 target price on the stock. Roth Mkm dropped their target price on shares of Live Nation Entertainment from $174.00 to $164.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. Susquehanna set a $165.00 price objective on shares of Live Nation Entertainment and gave the company a "positive" rating in a report on Tuesday, June 10th. Finally, Morgan Stanley set a $180.00 price objective on shares of Live Nation Entertainment in a report on Thursday, July 24th. One research analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. Based on data from MarketBeat, Live Nation Entertainment presently has a consensus rating of "Moderate Buy" and a consensus price target of $165.94.
Check Out Our Latest Stock Report on LYV
Insider Transactions at Live Nation Entertainment
In other Live Nation Entertainment 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 transaction of $5,130,003.04. Following the sale, the executive vice president owned 189,456 shares of the company's stock, valued at $27,922,025.28. The trade was a 15.52% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.72% of the stock is currently owned by company insiders.
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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