Live Nation Entertainment, Inc. $LYV Shares Purchased by Caxton Associates LLP

Caxton Associates LLP grew its stake in shares of Live Nation Entertainment, Inc. (NYSE:LYV) by 193.3% in the second quarter, according to its most recent filing with the SEC. The fund owned 10,365 shares of the company’s stock after acquiring an additional 6,831 shares during the period. Caxton Associates LLP’s holdings in Live Nation Entertainment were worth $1,568,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Norges Bank acquired a new position in Live Nation Entertainment during the second quarter valued at $198,336,000. Independent Franchise Partners LLP grew its position in Live Nation Entertainment by 21.4% during the first quarter. Independent Franchise Partners LLP now owns 5,698,560 shares of the company’s stock valued at $744,118,000 after purchasing an additional 1,004,574 shares in the last quarter. Kingstone Capital Partners Texas LLC acquired a new position in shares of Live Nation Entertainment in the second quarter worth $128,704,000. Price T Rowe Associates Inc. MD increased its position in Live Nation Entertainment by 83.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,588,983 shares of the company’s stock worth $207,490,000 after purchasing an additional 723,112 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. bought a new position in Live Nation Entertainment during the first quarter valued at approximately $92,678,000. Hedge funds and other institutional investors own 74.52% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on LYV shares. Rothschild Redb cut Live Nation Entertainment from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 16th. UBS Group started coverage on shares of Live Nation Entertainment in a research report on Tuesday, November 25th. They issued a “buy” rating and a $164.00 price target on the stock. Morgan Stanley lowered their price objective on Live Nation Entertainment from $180.00 to $170.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 5th. JPMorgan Chase & Co. dropped their price target on shares of Live Nation Entertainment from $180.00 to $172.00 and set an “overweight” rating for the company in a research report on Wednesday, November 5th. Finally, Susquehanna lifted their price objective on Live Nation Entertainment from $174.00 to $175.00 and gave the company a “positive” rating in a report on Monday, November 3rd. Nineteen research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Live Nation Entertainment presently has a consensus rating of “Moderate Buy” and an average target price of $173.00.

Live Nation Entertainment Stock Down 0.9%

Shares of NYSE LYV opened at $141.81 on Tuesday. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 5.41. The stock has a market capitalization of $33.29 billion, a PE ratio of 102.76 and a beta of 1.22. The firm has a fifty day moving average of $142.78 and a 200-day moving average of $150.55. Live Nation Entertainment, Inc. has a 52-week low of $112.88 and a 52-week high of $175.25.

Live Nation Entertainment (NYSE:LYV) last announced its quarterly earnings results on Tuesday, November 4th. The company reported $0.73 EPS for the quarter, missing the consensus estimate of $1.54 by ($0.81). Live Nation Entertainment had a return on equity of 97.90% and a net margin of 3.66%.The firm had revenue of $8.50 billion for the quarter, compared to analyst estimates of $8.87 billion. During the same quarter in the prior year, the company earned $1.66 earnings per share. The business’s revenue was up 11.1% compared to the same quarter last year. On average, analysts anticipate 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.