Public Employees Retirement System of Ohio Makes New Investment in Live Nation Entertainment, Inc. (NYSE:LYV)

Public Employees Retirement System of Ohio purchased a new position in Live Nation Entertainment, Inc. (NYSE:LYV - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 72,966 shares of the company's stock, valued at approximately $9,449,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of LYV. Measured Risk Portfolios Inc. bought a new stake in shares of Live Nation Entertainment during the fourth quarter valued at approximately $29,000. Murphy & Mullick Capital Management Corp purchased a new stake in shares of Live Nation Entertainment in the 4th quarter worth $40,000. Golden State Wealth Management LLC bought a new position in shares of Live Nation Entertainment during the 4th quarter worth $42,000. Independence Bank of Kentucky purchased a new position in Live Nation Entertainment during the fourth quarter valued at approximately $45,000. Finally, Comprehensive Financial Planning Inc. PA bought a new position in Live Nation Entertainment in the fourth quarter worth about $53,000. 74.52% of the stock is owned by institutional investors.

Live Nation Entertainment Price Performance

LYV stock traded up $1.06 during mid-day trading on Friday, reaching $137.21. The company's stock had a trading volume of 6,715,548 shares, compared to its average volume of 2,270,610. The stock has a market cap of $31.80 billion, a PE ratio of 50.44, a P/E/G ratio of 1.81 and a beta of 1.47. The company's 50 day moving average is $133.59 and its two-hundred day moving average is $135.42. Live Nation Entertainment, Inc. has a fifty-two week low of $86.81 and a fifty-two week high of $157.75. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 6.10.

Live Nation Entertainment (NYSE:LYV - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The company reported ($0.32) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.29). Live Nation Entertainment had a net margin of 3.90% and a return on equity of 139.09%. The firm had revenue of $3.38 billion for the quarter, compared to analyst estimates of $3.63 billion. During the same period in the previous year, the firm posted $0.60 EPS. The company's revenue was down 11.0% compared to the same quarter last year. Equities research analysts expect that Live Nation Entertainment, Inc. will post 2.38 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. JPMorgan Chase & Co. increased their target price on shares of Live Nation Entertainment from $150.00 to $170.00 and gave the company an "overweight" rating in a research report on Friday, February 21st. Roth Mkm dropped their price target on 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 started coverage on shares of Live Nation Entertainment in a research note on Monday, April 28th. They set a "positive" rating and a $155.00 price target on the stock. Bank of America lifted their price objective on shares of Live Nation Entertainment from $149.00 to $175.00 and gave the stock a "buy" rating in a research note on Monday, February 24th. Finally, Macquarie raised their price objective on shares of Live Nation Entertainment from $146.00 to $165.00 and gave the stock an "outperform" rating in a research note on Thursday, March 6th. One equities research analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $162.07.

Insider Buying and Selling at Live Nation Entertainment

In related news, CAO Brian Capo sold 5,066 shares of the business's stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $123.24, for a total value of $624,333.84. Following the sale, the chief accounting officer now owns 10,549 shares in the company, valued at approximately $1,300,058.76. The trade was a 32.44% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP John Hopmans sold 34,808 shares of the business's stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $147.38, for a total transaction of $5,130,003.04. Following the sale, the executive vice president now owns 189,456 shares in the company, valued at $27,922,025.28. This trade represents a 15.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 40,374 shares of company stock worth $5,815,812 over the last quarter. 3.01% of the stock is currently owned by company insiders.

Live Nation Entertainment 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.