Robeco Institutional Asset Management B.V. Makes New $1.15 Million Investment in Live Nation Entertainment, Inc. (NYSE:LYV)

Robeco Institutional Asset Management B.V. purchased a new position in 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 purchased 8,827 shares of the company's stock, valued at approximately $1,153,000.

Other hedge funds also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC lifted its position in shares of Live Nation Entertainment by 17.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 493 shares of the company's stock valued at $65,000 after acquiring an additional 75 shares in the last quarter. Utah Retirement Systems lifted its position in shares of Live Nation Entertainment by 0.4% in the fourth quarter. Utah Retirement Systems now owns 26,195 shares of the company's stock valued at $3,392,000 after acquiring an additional 100 shares in the last quarter. BTC Capital Management Inc. lifted its position in shares of Live Nation Entertainment by 2.7% in the first quarter. BTC Capital Management Inc. now owns 4,475 shares of the company's stock valued at $584,000 after acquiring an additional 117 shares in the last quarter. Nissay Asset Management Corp Japan ADV lifted its position in shares of Live Nation Entertainment by 0.7% in the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 19,408 shares of the company's stock valued at $2,559,000 after acquiring an additional 143 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its position in shares of Live Nation Entertainment by 4.3% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 3,728 shares of the company's stock valued at $487,000 after acquiring an additional 154 shares in the last quarter. 74.52% of the stock is owned by institutional investors and hedge funds.

Live Nation Entertainment Trading Down 0.5%

Live Nation Entertainment stock opened at $149.15 on Thursday. The company has a debt-to-equity ratio of 7.43, a current ratio of 0.96 and a quick ratio of 0.96. The company has a market capitalization of $34.57 billion, a price-to-earnings ratio of 50.90, a PEG ratio of 5.81 and a beta of 1.45. Live Nation Entertainment, Inc. has a one year low of $87.33 and a one year high of $157.75. The company's fifty day moving average price is $141.88 and its two-hundred day moving average price is $136.86.

Live Nation Entertainment (NYSE:LYV - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The company reported ($0.32) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.29). The business had revenue of $3.38 billion during the quarter, compared to analyst estimates of $3.63 billion. Live Nation Entertainment had a return on equity of 125.77% and a net margin of 4.28%. The business's revenue for the quarter was down 11.0% on a year-over-year basis. During the same period last year, the company earned $0.60 EPS. On average, analysts forecast that Live Nation Entertainment, Inc. will post 2.38 earnings per share for the current fiscal year.

Insider Buying and Selling

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 completion of the sale, the executive vice president owned 189,456 shares of the company's stock, valued at approximately $27,922,025.28. The trade was a 15.52% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 3.01% of the company's stock.

Wall Street Analysts Forecast Growth

LYV has been the subject of several recent analyst reports. Guggenheim reissued a "buy" rating and set a $170.00 target price on shares of Live Nation Entertainment in a research note on Wednesday, June 18th. Wolfe Research lifted their target price on Live Nation Entertainment from $160.00 to $168.00 and gave the company an "outperform" rating in a report on Tuesday, June 10th. Macquarie lifted their price target on Live Nation Entertainment from $146.00 to $165.00 and gave the stock an "outperform" rating in a report on Thursday, March 6th. Rosenblatt Securities dropped their price target on Live Nation Entertainment from $174.00 to $170.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. Finally, Sanford C. Bernstein began coverage on Live Nation Entertainment in a research report on Wednesday, June 4th. They set an "outperform" rating and a $185.00 target price on the stock. One equities research analyst has rated the stock with a hold rating and seventeen have issued a buy rating to the company's stock. According to data from MarketBeat.com, Live Nation Entertainment has an average rating of "Moderate Buy" and an average price target of $165.24.

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.

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