National Bank of Canada FI Purchases 22,156 Shares of Live Nation Entertainment, Inc. (NYSE:LYV)

National Bank of Canada FI raised its holdings in Live Nation Entertainment, Inc. (NYSE:LYV - Free Report) by 51.0% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 65,580 shares of the company's stock after purchasing an additional 22,156 shares during the quarter. National Bank of Canada FI's holdings in Live Nation Entertainment were worth $7,180,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of LYV. Quantinno Capital Management LP raised its holdings in shares of Live Nation Entertainment by 4.5% in the third quarter. Quantinno Capital Management LP now owns 28,397 shares of the company's stock valued at $3,109,000 after buying an additional 1,223 shares during the last quarter. Royal London Asset Management Ltd. increased its position in Live Nation Entertainment by 12.3% in the 3rd quarter. Royal London Asset Management Ltd. now owns 141,846 shares of the company's stock valued at $15,531,000 after acquiring an additional 15,544 shares in the last quarter. PointState Capital LP bought a new position in shares of Live Nation Entertainment in the third quarter worth about $102,762,000. Morse Asset Management Inc bought a new stake in shares of Live Nation Entertainment during the third quarter valued at approximately $42,000. Finally, Integrated Wealth Concepts LLC acquired a new stake in shares of Live Nation Entertainment in the third quarter valued at approximately $314,000. Institutional investors and hedge funds own 74.52% of the company's stock.

Live Nation Entertainment Trading Up 0.9 %

Shares of LYV traded up $1.16 during trading hours on Thursday, reaching $135.84. The stock had a trading volume of 1,540,735 shares, compared to its average volume of 2,205,229. The firm has a 50-day moving average of $124.76 and a 200 day moving average of $105.86. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 6.10. The company has a market cap of $31.56 billion, a P/E ratio of 143.30, a P/E/G ratio of 3.71 and a beta of 1.37. Live Nation Entertainment, Inc. has a 52 week low of $86.67 and a 52 week high of $141.18.

Live Nation Entertainment (NYSE:LYV - Get Free Report) last announced its quarterly earnings results on Monday, November 11th. The company reported $1.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.58 by $0.08. Live Nation Entertainment had a return on equity of 77.62% and a net margin of 2.11%. The company had revenue of $7.65 billion during the quarter, compared to the consensus estimate of $7.75 billion. During the same period in the prior year, the company earned $1.78 earnings per share. The company's revenue for the quarter was down 6.2% compared to the same quarter last year. On average, sell-side analysts expect that Live Nation Entertainment, Inc. will post 1.04 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have issued reports on LYV. Rosenblatt Securities reaffirmed a "buy" rating and set a $123.00 price objective on shares of Live Nation Entertainment in a report on Thursday, August 15th. The Goldman Sachs Group raised their price target on Live Nation Entertainment from $132.00 to $148.00 and gave the company a "buy" rating in a report on Wednesday, November 13th. Citigroup boosted their price objective on Live Nation Entertainment from $130.00 to $163.00 and gave the stock a "buy" rating in a report on Wednesday, November 20th. Guggenheim raised their target price on shares of Live Nation Entertainment from $146.00 to $155.00 and gave the company a "buy" rating in a research note on Wednesday, December 4th. Finally, TD Cowen lifted their price target 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. Two research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat, Live Nation Entertainment has a consensus rating of "Moderate Buy" and an average target price of $144.33.

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.