Asset Management One Co. Ltd. Has $10.15 Million Position in Live Nation Entertainment, Inc. $LYV

Asset Management One Co. Ltd. increased its holdings in shares of Live Nation Entertainment, Inc. (NYSE:LYV) by 3.4% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 67,093 shares of the company’s stock after acquiring an additional 2,191 shares during the period. Asset Management One Co. Ltd.’s holdings in Live Nation Entertainment were worth $10,150,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Robeco Institutional Asset Management B.V. acquired a new stake in shares of Live Nation Entertainment during the 1st quarter worth about $1,153,000. Stratos Wealth Partners LTD. acquired a new stake in shares of Live Nation Entertainment during the 1st quarter worth about $272,000. Teacher Retirement System of Texas acquired a new stake in shares of Live Nation Entertainment during the 1st quarter worth about $3,081,000. Personal CFO Solutions LLC acquired a new stake in shares of Live Nation Entertainment during the 1st quarter worth about $277,000. Finally, Transcend Capital Advisors LLC acquired a new stake in shares of Live Nation Entertainment during the 1st quarter worth about $281,000. Institutional investors and hedge funds own 74.52% of the company’s stock.

Live Nation Entertainment Stock Up 0.2%

Shares of NYSE LYV opened at $153.11 on Tuesday. The firm has a market capitalization of $35.90 billion, a PE ratio of 66.28, a price-to-earnings-growth ratio of 13.16 and a beta of 1.40. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 5.38. Live Nation Entertainment, Inc. has a 1 year low of $112.88 and a 1 year high of $175.25. The firm’s 50-day moving average is $161.69 and its 200-day moving average is $149.97.

Live Nation Entertainment (NYSE:LYV) last issued its earnings results on Thursday, August 7th. The company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.08 by ($0.67). The business had revenue of $7.01 billion during the quarter, compared to the consensus estimate of $6.93 billion. Live Nation Entertainment had a net margin of 3.88% and a return on equity of 105.85%. The firm’s revenue for the quarter was up 16.3% compared to the same quarter last year. During the same period last year, the business posted $1.03 EPS. Equities analysts expect that Live Nation Entertainment, Inc. will post 2.38 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on LYV shares. Moffett Nathanson started coverage on shares of Live Nation Entertainment in a research report on Monday, August 18th. They set a “buy” rating and a $195.00 target price for the company. Citigroup lowered their price objective on shares of Live Nation Entertainment from $195.00 to $181.00 and set a “buy” rating for the company in a research report on Thursday, October 23rd. Rothschild Redb cut shares of Live Nation Entertainment from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 16th. Oppenheimer raised their price objective on shares of Live Nation Entertainment from $165.00 to $180.00 and gave the company an “outperform” rating in a research report on Tuesday, August 12th. Finally, The Goldman Sachs Group raised their price objective on shares of Live Nation Entertainment from $168.00 to $170.00 and gave the company a “buy” rating in a research report on Thursday, October 2nd. Eighteen investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $171.89.

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.