Quantbot Technologies LP Has $969,000 Holdings in Live Nation Entertainment, Inc. $LYV

Key Points

• Quantbot Technologies LP reduced its stake in Live Nation Entertainment, Inc. by 83.2%, owning 7,418 shares worth $969,000 after selling 36,837 shares in the first quarter.
• Live Nation reported a net margin of 3.88% and a year-over-year revenue increase of 16.3%, with earnings per share (EPS) of $0.41, missing projections.
• Analysts have rated Live Nation with a consensus "Buy" rating, with price targets set between $165.00 and $195.00, indicating optimism about the stock's future performance.

Quantbot Technologies LP decreased its holdings in shares of Live Nation Entertainment, Inc. (NYSE:LYV - Free Report) by 83.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,418 shares of the company's stock after selling 36,837 shares during the quarter. Quantbot Technologies LP's holdings in Live Nation Entertainment were worth $969,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Measured Risk Portfolios Inc. acquired a new position in Live Nation Entertainment in the 4th quarter valued at $29,000. Wayfinding Financial LLC acquired a new position in Live Nation Entertainment in the 1st quarter valued at $30,000. Chilton Capital Management LLC acquired a new position in Live Nation Entertainment in the 1st quarter valued at $33,000. N.E.W. Advisory Services LLC acquired a new position in Live Nation Entertainment in the 1st quarter valued at $42,000. Finally, GW&K Investment Management LLC grew its stake in 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 buying an additional 283 shares during the last quarter. Institutional investors and hedge funds own 74.52% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on LYV shares. Morgan Stanley set a $180.00 price target on shares of Live Nation Entertainment in a report on Thursday, July 24th. Roth Mkm reduced their price target on shares of Live Nation Entertainment from $174.00 to $164.00 and set a "buy" rating for the company in a report on Friday, May 2nd. Benchmark increased their price target on shares of Live Nation Entertainment from $178.00 to $180.00 and gave the company a "buy" rating in a report on Friday, August 8th. Oppenheimer increased their price target on shares of Live Nation Entertainment from $165.00 to $180.00 and gave the company an "outperform" rating in a report on Tuesday, August 12th. Finally, Susquehanna set a $165.00 price target on shares of Live Nation Entertainment and gave the company a "positive" rating in a report on Tuesday, June 10th. Eighteen analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $168.94.

Live Nation Entertainment Price Performance

Shares of Live Nation Entertainment stock traded up $0.60 during mid-day trading on Thursday, reaching $166.17. 605,403 shares of the stock were exchanged, compared to its average volume of 2,458,366. The company has a market cap of $38.96 billion, a price-to-earnings ratio of 71.95, a price-to-earnings-growth ratio of 10.05 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. The firm has a 50-day simple moving average of $152.57 and a 200 day simple moving average of $141.62. Live Nation Entertainment, Inc. has a fifty-two week low of $92.57 and a fifty-two week high of $167.22.

Live Nation Entertainment (NYSE:LYV - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $0.41 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.08 by ($0.67). The firm had revenue of $7.01 billion for the quarter, compared to analyst estimates of $6.93 billion. Live Nation Entertainment had a return on equity of 105.85% and a net margin of 3.88%.The company's revenue for the quarter was up 16.3% compared to the same quarter last year. During the same quarter last year, the business earned $1.03 EPS. On average, sell-side analysts predict that Live Nation Entertainment, Inc. will post 2.38 EPS for the current fiscal year.

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.