Center For Asset Management LLC Purchases New Position in Live Nation Entertainment, Inc. (NYSE:LYV)

Center For Asset Management LLC bought a new position in Live Nation Entertainment, Inc. (NYSE:LYV - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 1,789 shares of the company's stock, valued at approximately $232,000.

A number of other institutional investors also recently modified their holdings of the stock. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its holdings in shares of Live Nation Entertainment by 59.8% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 30,758 shares of the company's stock valued at $2,883,000 after buying an additional 11,508 shares during the last quarter. MBB Public Markets I LLC lifted its stake in Live Nation Entertainment by 396.7% in the second quarter. MBB Public Markets I LLC now owns 11,652 shares of the company's stock valued at $1,092,000 after acquiring an additional 9,306 shares during the last quarter. Creative Planning grew its position in Live Nation Entertainment by 1.2% in the second quarter. Creative Planning now owns 28,501 shares of the company's stock worth $2,672,000 after acquiring an additional 326 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in shares of Live Nation Entertainment by 74.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,755 shares of the company's stock worth $446,000 after purchasing an additional 2,035 shares during the last quarter. Finally, Quarry LP raised its holdings in shares of Live Nation Entertainment by 119.7% during the 2nd quarter. Quarry LP now owns 1,714 shares of the company's stock valued at $161,000 after purchasing an additional 934 shares in the last quarter. Institutional investors and hedge funds own 74.52% of the company's stock.

Analyst Upgrades and Downgrades

LYV has been the topic of several analyst reports. TD Cowen increased their target price on shares of Live Nation Entertainment from $108.00 to $145.00 and gave the stock a "buy" rating in a research report on Tuesday, November 12th. Bank of America increased their price objective on Live Nation Entertainment from $125.00 to $149.00 and gave the company a "buy" rating in a report on Thursday, November 14th. Oppenheimer upped their target price on Live Nation Entertainment from $120.00 to $155.00 and gave the stock an "outperform" rating in a research report on Tuesday, November 12th. Citigroup increased their price target on Live Nation Entertainment from $130.00 to $163.00 and gave the company a "buy" rating in a report on Wednesday, November 20th. Finally, Guggenheim upped their price objective on shares of Live Nation Entertainment from $146.00 to $155.00 and gave the stock a "buy" rating in a report on Wednesday, December 4th. Two equities research 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, the company presently has a consensus rating of "Moderate Buy" and an average target price of $145.40.

Live Nation Entertainment Stock Performance

Live Nation Entertainment stock traded down $0.44 during trading hours on Monday, hitting $140.30. The stock had a trading volume of 2,406,737 shares, compared to its average volume of 1,714,090. Live Nation Entertainment, Inc. has a fifty-two week low of $86.67 and a fifty-two week high of $141.18. The company has a market cap of $32.60 billion, a PE ratio of 149.26, a price-to-earnings-growth ratio of 1.61 and a beta of 1.38. The company has a 50-day moving average of $134.75 and a two-hundred day moving average of $115.42. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 6.10.

Live Nation Entertainment (NYSE:LYV - Get Free Report) last issued its earnings results on Monday, November 11th. The company reported $1.66 EPS for the quarter, topping the consensus estimate of $1.58 by $0.08. The firm had revenue of $7.65 billion during the quarter, compared to analysts' expectations of $7.75 billion. Live Nation Entertainment had a return on equity of 77.62% and a net margin of 2.11%. Live Nation Entertainment's quarterly revenue was down 6.2% compared to the same quarter last year. During the same period last year, the business earned $1.78 earnings per share. On average, equities research analysts anticipate that Live Nation Entertainment, Inc. will post 1.02 EPS for the current fiscal year.

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.