Jackson Square Capital LLC Takes Position in Live Nation Entertainment, Inc. (NYSE:LYV)

Jackson Square Capital LLC acquired a new stake in shares of Live Nation Entertainment, Inc. (NYSE:LYV - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 2,739 shares of the company's stock, valued at approximately $355,000.

A number of other institutional investors and hedge funds have also bought and sold shares of LYV. Frank Rimerman Advisors LLC purchased a new stake in shares of Live Nation Entertainment during the second quarter valued at approximately $748,000. Select Equity Group L.P. boosted its stake in Live Nation Entertainment by 12.3% during the 2nd quarter. Select Equity Group L.P. now owns 12,940,613 shares of the company's stock valued at $1,213,053,000 after purchasing an additional 1,415,173 shares during the last quarter. Davidson Kempner Capital Management LP bought a new stake in shares of Live Nation Entertainment in the 2nd quarter worth $3,985,000. Czech National Bank raised its stake in shares of Live Nation Entertainment by 17.5% in the third quarter. Czech National Bank now owns 31,904 shares of the company's stock worth $3,493,000 after purchasing an additional 4,761 shares during the last quarter. Finally, Coronation Fund Managers Ltd. lifted its holdings in shares of Live Nation Entertainment by 48.3% during the second quarter. Coronation Fund Managers Ltd. now owns 51,187 shares of the company's stock valued at $4,798,000 after purchasing an additional 16,668 shares in the last quarter. 74.52% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. The Goldman Sachs Group lifted their price objective on Live Nation Entertainment from $132.00 to $148.00 and gave the stock a "buy" rating in a report on Wednesday, November 13th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Live Nation Entertainment from $130.00 to $150.00 and gave the stock a "buy" rating in a research note on Tuesday, November 19th. Oppenheimer increased their price objective on shares of Live Nation Entertainment from $120.00 to $155.00 and gave the company an "outperform" rating in a research report on Tuesday, November 12th. Macquarie lifted their target price on shares of Live Nation Entertainment from $130.00 to $146.00 and gave the stock an "outperform" rating in a research report on Friday, November 15th. Finally, StockNews.com raised Live Nation Entertainment from a "sell" rating to a "hold" rating in a report on Wednesday, November 20th. Two analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $145.40.

Live Nation Entertainment Stock Performance

Live Nation Entertainment stock traded up $2.15 during midday trading on Friday, hitting $135.71. The stock had a trading volume of 1,220,340 shares, compared to its average volume of 1,390,037. Live Nation Entertainment, Inc. has a 52-week low of $86.67 and a 52-week high of $141.18. The company has a market capitalization of $31.53 billion, a PE ratio of 144.37, a P/E/G ratio of 1.50 and a beta of 1.38. The firm's fifty day moving average is $133.51 and its two-hundred day moving average is $113.44. 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 data on Monday, November 11th. The company reported $1.66 EPS for the quarter, beating the consensus estimate of $1.58 by $0.08. The firm had revenue of $7.65 billion for the quarter, compared to the consensus estimate of $7.75 billion. Live Nation Entertainment had a net margin of 2.11% and a return on equity of 77.62%. The company's revenue was down 6.2% on a year-over-year basis. During the same period last year, the firm earned $1.78 EPS. On average, research analysts forecast that Live Nation Entertainment, Inc. will post 1.02 EPS for the current year.

About Live Nation Entertainment

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.