Assenagon Asset Management S.A. cut its stake in Live Nation Entertainment, Inc. (NYSE:LYV - Free Report) by 71.5% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 145,873 shares of the company's stock after selling 366,474 shares during the period. Assenagon Asset Management S.A. owned 0.06% of Live Nation Entertainment worth $13,674,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors also recently bought and sold shares of LYV. Czech National Bank grew its holdings in shares of Live Nation Entertainment by 0.5% during the first quarter. Czech National Bank now owns 24,965 shares of the company's stock valued at $2,641,000 after buying an additional 115 shares during the last quarter. Lindbrook Capital LLC grew its stake in Live Nation Entertainment by 44.1% during the 1st quarter. Lindbrook Capital LLC now owns 389 shares of the company's stock valued at $41,000 after purchasing an additional 119 shares during the last quarter. Western Pacific Wealth Management LP increased its holdings in shares of Live Nation Entertainment by 15.8% in the fourth quarter. Western Pacific Wealth Management LP now owns 981 shares of the company's stock valued at $92,000 after purchasing an additional 134 shares during the period. Wealth Enhancement Advisory Services LLC raised its stake in shares of Live Nation Entertainment by 4.6% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 3,108 shares of the company's stock worth $291,000 after purchasing an additional 138 shares during the last quarter. Finally, Spire Wealth Management lifted its holdings in shares of Live Nation Entertainment by 5.4% during the fourth quarter. Spire Wealth Management now owns 2,833 shares of the company's stock worth $258,000 after purchasing an additional 145 shares during the period. Hedge funds and other institutional investors own 74.52% of the company's stock.
Live Nation Entertainment Price Performance
Shares of Live Nation Entertainment stock traded up $0.75 on Friday, reaching $95.18. The company's stock had a trading volume of 1,119,926 shares, compared to its average volume of 2,178,055. Live Nation Entertainment, Inc. has a 52-week low of $76.48 and a 52-week high of $107.24. The company has a market capitalization of $21.87 billion, a P/E ratio of 90.65, a PEG ratio of 2.18 and a beta of 1.34. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 9.22. The stock has a 50-day moving average price of $93.11 and a 200-day moving average price of $95.13.
Live Nation Entertainment (NYSE:LYV - Get Free Report) last posted its quarterly earnings data on Tuesday, July 30th. The company reported $1.03 earnings per share for the quarter, missing analysts' consensus estimates of $1.06 by ($0.03). The company had revenue of $6.02 billion for the quarter, compared to analyst estimates of $6.02 billion. Live Nation Entertainment had a return on equity of 84.78% and a net margin of 2.20%. The business's revenue was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.02 earnings per share. Analysts expect that Live Nation Entertainment, Inc. will post 1.21 EPS for the current year.
Wall Street Analysts Forecast Growth
LYV has been the subject of a number of recent research reports. Redburn Atlantic raised shares of Live Nation Entertainment from a "neutral" rating to a "buy" rating and raised their price target for the stock from $114.00 to $115.00 in a research report on Thursday, May 9th. Northcoast Research downgraded shares of Live Nation Entertainment from a "buy" rating to a "neutral" rating in a research report on Tuesday, May 28th. JPMorgan Chase & Co. increased their price target on Live Nation Entertainment from $116.00 to $118.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 31st. Roth Mkm reissued a "buy" rating and issued a $120.00 price objective on shares of Live Nation Entertainment in a report on Friday, May 24th. Finally, Macquarie reaffirmed an "outperform" rating and set a $125.00 target price on shares of Live Nation Entertainment in a report on Wednesday, July 31st. Two equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $118.17.
Read Our Latest Report on LYV
Live Nation Entertainment Profile
(
Free Report)
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.
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