Empirical Asset Management LLC Invests $925,000 in Live Nation Entertainment, Inc. (NYSE:LYV)

Empirical Asset Management LLC purchased a new stake in Live Nation Entertainment, Inc. (NYSE:LYV - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 7,142 shares of the company's stock, valued at approximately $925,000.

A number of other large investors have also made changes to their positions in LYV. Cromwell Holdings LLC boosted its holdings in shares of Live Nation Entertainment by 25.7% in the third quarter. Cromwell Holdings LLC now owns 431 shares of the company's stock valued at $47,000 after buying an additional 88 shares during the period. Private Advisor Group LLC grew its holdings 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 buying an additional 89 shares in the last quarter. Vontobel Holding Ltd. lifted its stake in Live Nation Entertainment by 1.4% in the 3rd quarter. Vontobel Holding Ltd. now owns 6,648 shares of the company's stock valued at $728,000 after acquiring an additional 95 shares in the last quarter. Empirical Finance LLC boosted its position in Live Nation Entertainment by 2.3% during the 3rd quarter. Empirical Finance LLC now owns 4,639 shares of the company's stock worth $508,000 after acquiring an additional 105 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its stake in shares of Live Nation Entertainment by 3.5% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 3,686 shares of the company's stock worth $477,000 after acquiring an additional 125 shares in the last quarter. Institutional investors own 74.52% of the company's stock.

Live Nation Entertainment Price Performance

Live Nation Entertainment stock traded up $2.15 during mid-day trading on Friday, reaching $135.71. 1,220,340 shares of the company were exchanged, compared to its average volume of 1,390,037. 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 12 month low of $86.67 and a 12 month high of $141.18. The firm has a market cap of $31.53 billion, a PE ratio of 144.37, a PEG ratio of 1.50 and a beta of 1.38. The company has a fifty day simple moving average of $133.51 and a 200-day simple moving average of $113.44.

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 business had revenue of $7.65 billion during 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 in the previous year, the business earned $1.78 earnings per share. As a group, equities research analysts expect that Live Nation Entertainment, Inc. will post 1.02 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. TD Cowen raised their target price on shares of Live Nation Entertainment from $108.00 to $145.00 and gave the company a "buy" rating in a research report on Tuesday, November 12th. Roth Mkm lifted their target price on Live Nation Entertainment from $132.00 to $152.00 and gave the company a "buy" rating in a research report on Thursday, December 12th. JPMorgan Chase & Co. raised their price target on Live Nation Entertainment from $137.00 to $150.00 and gave the company an "overweight" rating in a research note on Thursday, December 12th. Oppenheimer upped their price objective on Live Nation Entertainment from $120.00 to $155.00 and gave the stock an "outperform" rating in a research note on Tuesday, November 12th. Finally, Evercore ISI boosted their target price on shares of Live Nation Entertainment from $110.00 to $150.00 and gave the stock an "outperform" rating in a report on Tuesday, November 12th. Two equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $145.40.

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.