Mitsubishi UFJ Asset Management Co. Ltd. Has $19.49 Million Stake in Live Nation Entertainment, Inc. (NYSE:LYV)

Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of Live Nation Entertainment, Inc. (NYSE:LYV - Free Report) by 19.2% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 184,309 shares of the company's stock after buying an additional 29,669 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.08% of Live Nation Entertainment worth $19,494,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Norges Bank purchased a new position in Live Nation Entertainment during the fourth quarter worth approximately $248,139,000. Cantillon Capital Management LLC raised its stake in Live Nation Entertainment by 146.6% during the fourth quarter. Cantillon Capital Management LLC now owns 2,746,801 shares of the company's stock worth $257,101,000 after purchasing an additional 1,632,749 shares during the period. Kodai Capital Management LP purchased a new position in Live Nation Entertainment during the fourth quarter worth approximately $44,340,000. Assenagon Asset Management S.A. raised its stake in Live Nation Entertainment by 445.4% during the first quarter. Assenagon Asset Management S.A. now owns 512,347 shares of the company's stock worth $54,191,000 after purchasing an additional 418,411 shares during the period. Finally, Public Sector Pension Investment Board raised its stake in Live Nation Entertainment by 2,723.0% during the fourth quarter. Public Sector Pension Investment Board now owns 428,732 shares of the company's stock worth $40,129,000 after purchasing an additional 413,545 shares during the period. Hedge funds and other institutional investors own 74.52% of the company's stock.

Analysts Set New Price Targets

LYV has been the topic of a number of recent analyst reports. Northcoast Research downgraded shares of Live Nation Entertainment from a "buy" rating to a "neutral" rating in a research note on Tuesday, May 28th. Roth Mkm reissued a "buy" rating and issued a $120.00 price objective on shares of Live Nation Entertainment in a research report on Friday, May 24th. Rosenblatt Securities increased their price objective on shares of Live Nation Entertainment from $119.00 to $122.00 and gave the stock a "buy" rating in a research report on Friday, May 3rd. Redburn Atlantic raised shares of Live Nation Entertainment from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $114.00 to $115.00 in a research report on Thursday, May 9th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Live Nation Entertainment from $126.00 to $116.00 and set an "overweight" rating for the company in a research report on Wednesday, May 29th. Two equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $115.58.

Live Nation Entertainment Stock Performance

NYSE:LYV traded up $0.37 during mid-day trading on Friday, hitting $95.10. The stock had a trading volume of 1,323,405 shares, compared to its average volume of 2,235,565. The stock has a market capitalization of $21.85 billion, a price-to-earnings ratio of 90.57, a P/E/G ratio of 2.15 and a beta of 1.34. The company has a 50 day simple moving average of $94.13 and a 200-day simple moving average of $94.70. Live Nation Entertainment, Inc. has a 52 week low of $76.48 and a 52 week high of $107.24. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 10.83.

Live Nation Entertainment (NYSE:LYV - Get Free Report) last issued its quarterly earnings data on Thursday, May 2nd. The company reported ($0.53) earnings per share for the quarter, missing the consensus estimate of ($0.21) by ($0.32). The firm had revenue of $3.80 billion during the quarter, compared to the consensus estimate of $3.26 billion. Live Nation Entertainment had a net margin of 2.22% and a return on equity of 90.67%. The company's revenue for the quarter was up 21.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.25) earnings per share. On average, research analysts expect that Live Nation Entertainment, Inc. will post 1.28 earnings per share for the current fiscal 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.