Live Nation Entertainment, Inc. (NYSE:LYV) Shares Acquired by Paradigm Asset Management Co. LLC

Paradigm Asset Management Co. LLC boosted its stake in Live Nation Entertainment, Inc. (NYSE:LYV - Free Report) by 222.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,043 shares of the company's stock after purchasing an additional 2,100 shares during the period. Paradigm Asset Management Co. LLC's holdings in Live Nation Entertainment were worth $394,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Brooklyn Investment Group purchased a new stake in shares of Live Nation Entertainment during the 3rd quarter worth approximately $31,000. Golden State Wealth Management LLC bought a new position in Live Nation Entertainment during the fourth quarter valued at $42,000. Retirement Wealth Solutions LLC purchased a new stake in shares of Live Nation Entertainment in the fourth quarter valued at $44,000. Independence Bank of Kentucky bought a new stake in shares of Live Nation Entertainment in the 4th quarter worth about $45,000. Finally, Reston Wealth Management LLC purchased a new position in shares of Live Nation Entertainment during the 3rd quarter worth about $41,000. 74.52% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. StockNews.com raised Live Nation Entertainment from a "sell" rating to a "hold" rating in a research report on Wednesday, November 20th. Citigroup raised their price target on shares of Live Nation Entertainment from $130.00 to $163.00 and gave the stock a "buy" rating in a research note on Wednesday, November 20th. Roth Mkm boosted their price objective on shares of Live Nation Entertainment from $152.00 to $174.00 and gave the company a "buy" rating in a research report on Friday. Guggenheim lifted their price target 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, Oppenheimer increased 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. Two research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat.com, Live Nation Entertainment currently has an average rating of "Moderate Buy" and a consensus price target of $156.00.

Live Nation Entertainment Stock Performance

NYSE LYV traded down $7.51 on Tuesday, hitting $147.11. 1,544,677 shares of the company's stock traded hands, compared to its average volume of 2,018,337. The firm has a market capitalization of $34.18 billion, a PE ratio of 54.16, a P/E/G ratio of 1.81 and a beta of 1.38. The firm's 50-day moving average price is $139.57 and its two-hundred day moving average price is $123.19. Live Nation Entertainment, Inc. has a 1-year low of $86.81 and a 1-year high of $157.75. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 6.10.

Live Nation Entertainment (NYSE:LYV - Get Free Report) last posted its earnings results on Thursday, February 27th. The company reported $0.56 EPS for the quarter, topping the consensus estimate of ($0.93) by $1.49. The firm had revenue of $5.68 billion for the quarter, compared to analyst estimates of $5.67 billion. Live Nation Entertainment had a return on equity of 139.09% and a net margin of 3.90%. As a group, analysts expect that Live Nation Entertainment, Inc. will post 2.38 EPS for the current 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.