Czech National Bank Has $5.83 Million Position in Live Nation Entertainment, Inc. $LYV

Czech National Bank grew its holdings in Live Nation Entertainment, Inc. (NYSE:LYV) by 7.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 38,524 shares of the company’s stock after purchasing an additional 2,508 shares during the quarter. Czech National Bank’s holdings in Live Nation Entertainment were worth $5,828,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. Gilbert & Cook Inc. lifted its stake in shares of Live Nation Entertainment by 1.4% in the first quarter. Gilbert & Cook Inc. now owns 5,538 shares of the company’s stock valued at $723,000 after buying an additional 75 shares during the period. Central Pacific Bank Trust Division increased its holdings in shares of Live Nation Entertainment by 1.8% in the second quarter. Central Pacific Bank Trust Division now owns 5,521 shares of the company’s stock valued at $835,000 after purchasing an additional 97 shares in the last quarter. Trust Asset Management LLC grew its holdings in Live Nation Entertainment by 5.8% during the 1st quarter. Trust Asset Management LLC now owns 1,785 shares of the company’s stock worth $233,000 after acquiring an additional 98 shares during the period. Callan Family Office LLC grew its holdings in Live Nation Entertainment by 1.8% during the 1st quarter. Callan Family Office LLC now owns 5,604 shares of the company’s stock worth $732,000 after acquiring an additional 98 shares during the period. Finally, HM Payson & Co. grew its holdings in Live Nation Entertainment by 9.5% during the 1st quarter. HM Payson & Co. now owns 1,150 shares of the company’s stock worth $150,000 after acquiring an additional 100 shares during the period. Institutional investors own 74.52% of the company’s stock.

Live Nation Entertainment Trading Down 2.8%

NYSE:LYV opened at $164.71 on Friday. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 5.38. The stock has a market capitalization of $38.62 billion, a price-to-earnings ratio of 71.30, a PEG ratio of 11.43 and a beta of 1.42. The firm has a fifty day simple moving average of $158.97 and a two-hundred day simple moving average of $143.75. Live Nation Entertainment, Inc. has a 12 month low of $102.72 and a 12 month high of $175.25.

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

Analysts Set New Price Targets

Several equities analysts have recently issued reports on LYV shares. Rothschild Redb lowered shares of Live Nation Entertainment from a “strong-buy” rating to a “hold” rating in a report on Tuesday. Citigroup upped their target price on shares of Live Nation Entertainment from $165.00 to $195.00 and gave the company a “buy” rating in a report on Tuesday, September 9th. Sanford C. Bernstein began coverage on shares of Live Nation Entertainment in a report on Wednesday, June 4th. They issued an “outperform” rating and a $185.00 target price on the stock. Oppenheimer increased 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. Finally, Wolfe Research increased their target price on shares of Live Nation Entertainment from $160.00 to $168.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 10th. Eighteen equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $170.68.

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.