Live Nation Entertainment, Inc. (NYSE:LYV) Shares Bought by Longbow Finance SA

Longbow Finance SA raised its holdings in Live Nation Entertainment, Inc. (NYSE:LYV) by 174.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 57,703 shares of the company’s stock after buying an additional 36,650 shares during the period. Longbow Finance SA’s holdings in Live Nation Entertainment were worth $7,473,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of LYV. Blue Trust Inc. raised its stake in Live Nation Entertainment by 385.3% in the third quarter. Blue Trust Inc. now owns 529 shares of the company’s stock valued at $58,000 after buying an additional 420 shares in the last quarter. Sequoia Financial Advisors LLC grew its holdings in shares of Live Nation Entertainment by 17.7% during the third quarter. Sequoia Financial Advisors LLC now owns 2,882 shares of the company’s stock worth $316,000 after purchasing an additional 434 shares during the last quarter. Private Advisor Group LLC increased its position in shares of Live Nation Entertainment by 2.8% during the third quarter. Private Advisor Group LLC now owns 3,218 shares of the company’s stock worth $352,000 after purchasing an additional 89 shares in the last quarter. International Assets Investment Management LLC increased its position in shares of Live Nation Entertainment by 11,822.2% during the third quarter. International Assets Investment Management LLC now owns 10,730 shares of the company’s stock worth $1,175,000 after purchasing an additional 10,640 shares in the last quarter. Finally, Louisiana State Employees Retirement System increased its position in shares of Live Nation Entertainment by 8.6% during the third quarter. Louisiana State Employees Retirement System now owns 8,800 shares of the company’s stock worth $964,000 after purchasing an additional 700 shares in the last quarter. 74.52% of the stock is currently owned by institutional investors and hedge funds.

Live Nation Entertainment Stock Performance

NYSE:LYV opened at $154.59 on Tuesday. The company has a debt-to-equity ratio of 6.10, a current ratio of 1.01 and a quick ratio of 1.01. Live Nation Entertainment, Inc. has a 1-year low of $86.81 and a 1-year high of $157.75. The firm has a 50-day moving average of $139.57 and a two-hundred day moving average of $123.19. The stock has a market cap of $35.92 billion, a P/E ratio of 56.84, a PEG ratio of 1.81 and a beta of 1.38.

Live Nation Entertainment (NYSE:LYV) last issued its quarterly earnings results on Thursday, February 27th. The company reported $0.56 EPS for the quarter, topping the consensus estimate of ($0.93) by $1.49. Live Nation Entertainment had a net margin of 3.90% and a return on equity of 139.09%. The business had revenue of $5.68 billion for the quarter, compared to analysts’ expectations of $5.67 billion. On average, research analysts expect that Live Nation Entertainment, Inc. will post 2.38 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

LYV has been the topic of a number of research analyst reports. StockNews.com upgraded Live Nation Entertainment from a “sell” rating to a “hold” rating in a research report on Wednesday, November 20th. Morgan Stanley boosted their target price on Live Nation Entertainment from $150.00 to $170.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 18th. TD Cowen boosted their price target on Live Nation Entertainment from $108.00 to $145.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Rosenblatt Securities reissued a “buy” rating and set a $146.00 price target on shares of Live Nation Entertainment in a research note on Tuesday, February 18th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Live Nation Entertainment from $130.00 to $150.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Two investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat.com, Live Nation Entertainment presently has a consensus rating of “Moderate Buy” and an average price target of $156.00.

Live Nation Entertainment Company 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.