Nisa Investment Advisors LLC Purchases 688 Shares of Live Nation Entertainment, Inc. $LYV

Nisa Investment Advisors LLC increased its stake in Live Nation Entertainment, Inc. (NYSE:LYV) by 4.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 17,439 shares of the company’s stock after acquiring an additional 688 shares during the period. Nisa Investment Advisors LLC’s holdings in Live Nation Entertainment were worth $2,638,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Wealthfront Advisers LLC grew its position in Live Nation Entertainment by 161.9% in the second quarter. Wealthfront Advisers LLC now owns 16,612 shares of the company’s stock worth $2,513,000 after acquiring an additional 10,269 shares in the last quarter. Rational Advisors Inc. grew its position in Live Nation Entertainment by 24.8% in the second quarter. Rational Advisors Inc. now owns 23,522 shares of the company’s stock worth $3,558,000 after acquiring an additional 4,672 shares in the last quarter. State of New Jersey Common Pension Fund D grew its position in Live Nation Entertainment by 0.8% in the second quarter. State of New Jersey Common Pension Fund D now owns 54,181 shares of the company’s stock worth $8,197,000 after acquiring an additional 404 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. grew its position in Live Nation Entertainment by 4.2% in the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 373,396 shares of the company’s stock worth $56,487,000 after acquiring an additional 14,994 shares in the last quarter. Finally, GLOBALT Investments LLC GA purchased a new position in Live Nation Entertainment in the second quarter worth $668,000. 74.52% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on LYV shares. Oppenheimer upped their target price on shares of Live Nation Entertainment from $165.00 to $180.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 12th. Citigroup cut their price target 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. Benchmark upped their price target on shares of Live Nation Entertainment from $180.00 to $190.00 and gave the company a “buy” rating in a research report on Friday, September 26th. 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 price target for the company. Finally, Rothschild Redb lowered shares of Live Nation Entertainment from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 16th. Eighteen equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $171.89.

Live Nation Entertainment Stock Performance

NYSE LYV opened at $148.20 on Friday. The firm has a market cap of $34.75 billion, a price-to-earnings ratio of 64.15, a PEG ratio of 12.85 and a beta of 1.40. The company has a 50-day simple moving average of $160.92 and a two-hundred day simple moving average of $150.25. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 5.38. Live Nation Entertainment, Inc. has a 12-month low of $112.88 and a 12-month high of $175.25.

Live Nation Entertainment (NYSE:LYV) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.41 EPS for the quarter, missing the consensus estimate of $1.08 by ($0.67). The firm had revenue of $7.01 billion for 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 business’s revenue was up 16.3% on a year-over-year basis. During the same period last year, the company posted $1.03 earnings per share. On average, equities analysts forecast 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.