Campbell & CO Investment Adviser LLC Makes New Investment in Live Nation Entertainment, Inc. $LYV

Campbell & CO Investment Adviser LLC bought a new stake in shares of Live Nation Entertainment, Inc. (NYSE:LYV) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 2,744 shares of the company’s stock, valued at approximately $415,000.

Several other institutional investors have also modified their holdings of LYV. Nuveen LLC purchased a new position in Live Nation Entertainment in the first quarter valued at about $201,501,000. Independent Franchise Partners LLP grew its position in shares of 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 worth $744,118,000 after buying an additional 1,004,574 shares in the last quarter. Kingstone Capital Partners Texas LLC bought a new stake in shares of Live Nation Entertainment in the second quarter worth $128,704,000. Price T Rowe Associates Inc. MD increased its stake in shares of Live Nation Entertainment by 83.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,588,983 shares of the company’s stock worth $207,490,000 after buying an additional 723,112 shares during the last quarter. Finally, Vanguard Group Inc. raised its holdings in Live Nation Entertainment by 3.7% in the first quarter. Vanguard Group Inc. now owns 19,882,872 shares of the company’s stock valued at $2,596,305,000 after acquiring an additional 713,020 shares in the last quarter. Institutional investors and hedge funds own 74.52% of the company’s stock.

Live Nation Entertainment Price Performance

Shares of LYV opened at $135.78 on Monday. Live Nation Entertainment, Inc. has a 12 month low of $112.88 and a 12 month high of $175.25. The company has a debt-to-equity ratio of 5.38, a current ratio of 0.88 and a quick ratio of 0.88. The stock has a fifty day moving average price of $155.83 and a 200 day moving average price of $151.50. The company has a market cap of $31.87 billion, a P/E ratio of 58.78, a PEG ratio of 12.85 and a beta of 1.37.

Live Nation Entertainment (NYSE:LYV) last announced its quarterly earnings results on Tuesday, November 4th. The company reported $0.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.54 by ($0.81). The firm had revenue of $8.50 billion for the quarter, compared to analyst estimates of $8.87 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 11.1% compared to the same quarter last year. During the same period last year, the firm posted $1.66 EPS. On average, research analysts forecast that Live Nation Entertainment, Inc. will post 2.38 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Guggenheim dropped their target price on shares of Live Nation Entertainment from $182.00 to $175.00 and set a “buy” rating for the company in a research report on Wednesday, November 5th. Rothschild & Co Redburn lowered Live Nation Entertainment from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $144.00 to $170.00 in a report on Tuesday, September 16th. Evercore ISI cut their price objective on Live Nation Entertainment from $180.00 to $168.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 5th. Moffett Nathanson initiated coverage on Live Nation Entertainment in a research report on Monday, August 18th. They issued a “buy” rating and a $195.00 target price for the company. Finally, Morgan Stanley dropped their price target 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. Eighteen investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $174.84.

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.