Teza Capital Management LLC bought a new stake in Live Nation Entertainment, Inc. (NYSE:LYV - Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 5,607 shares of the company's stock, valued at approximately $732,000.
A number of other institutional investors also recently bought and sold shares of the business. Gilbert & Cook Inc. lifted its holdings in Live Nation Entertainment by 1.4% during the 1st quarter. Gilbert & Cook Inc. now owns 5,538 shares of the company's stock worth $723,000 after buying an additional 75 shares during the last quarter. Trust Asset Management LLC lifted its holdings in Live Nation Entertainment by 5.8% during the 1st quarter. Trust Asset Management LLC now owns 1,785 shares of the company's stock worth $233,000 after buying an additional 98 shares during the last quarter. Callan Family Office LLC lifted its holdings in Live Nation Entertainment by 1.8% during the 1st quarter. Callan Family Office LLC now owns 5,604 shares of the company's stock worth $732,000 after buying an additional 98 shares during the last quarter. HM Payson & Co. lifted its holdings in Live Nation Entertainment by 9.5% during the 1st quarter. HM Payson & Co. now owns 1,150 shares of the company's stock worth $150,000 after buying an additional 100 shares during the last quarter. Finally, Mather Group LLC. lifted its holdings in Live Nation Entertainment by 6.7% during the 1st quarter. Mather Group LLC. now owns 1,724 shares of the company's stock worth $225,000 after buying an additional 108 shares during the last quarter. 74.52% of the stock is owned by hedge funds and other institutional investors.
Live Nation Entertainment Stock Performance
Shares of LYV stock opened at $163.27 on Friday. The stock has a market capitalization of $38.28 billion, a PE ratio of 70.68, a price-to-earnings-growth ratio of 11.02 and a beta of 1.42. Live Nation Entertainment, Inc. has a 52-week low of $92.57 and a 52-week high of $167.94. The stock's 50-day moving average price is $154.84 and its 200 day moving average price is $142.20. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 5.38.
Live Nation Entertainment (NYSE:LYV - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.41 earnings per share (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 business's revenue was up 16.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.03 EPS. As a group, equities research analysts forecast that Live Nation Entertainment, Inc. will post 2.38 EPS for the current year.
Wall Street Analysts Forecast Growth
Several analysts have recently weighed in on the company. Oppenheimer boosted their target price on Live Nation Entertainment from $165.00 to $180.00 and gave the company an "outperform" rating in a report on Tuesday, August 12th. Moffett Nathanson assumed coverage on Live Nation Entertainment in a report on Monday, August 18th. They issued a "buy" rating and a $195.00 target price for the company. Sanford C. Bernstein assumed coverage on Live Nation Entertainment in a report on Wednesday, June 4th. They issued an "outperform" rating and a $185.00 target price for the company. Morgan Stanley set a $180.00 target price on Live Nation Entertainment in a report on Thursday, July 24th. Finally, Benchmark boosted their target price on Live Nation Entertainment from $178.00 to $180.00 and gave the company a "buy" rating in a report on Friday, August 8th. Eighteen equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $168.94.
Check Out Our Latest Stock Report on Live Nation Entertainment
Live Nation Entertainment Company Profile
(
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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