Baird Financial Group Inc. Has $57.71 Million Position in Live Nation Entertainment, Inc. $LYV

Baird Financial Group Inc. boosted its position in shares of Live Nation Entertainment, Inc. (NYSE:LYV) by 127.8% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 381,489 shares of the company’s stock after buying an additional 214,025 shares during the quarter. Baird Financial Group Inc. owned approximately 0.16% of Live Nation Entertainment worth $57,712,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Signaturefd LLC raised its stake in Live Nation Entertainment by 25.3% during the 2nd quarter. Signaturefd LLC now owns 1,342 shares of the company’s stock worth $203,000 after buying an additional 271 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of Live Nation Entertainment by 8.6% in the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 301,057 shares of the company’s stock worth $45,544,000 after acquiring an additional 23,905 shares in the last quarter. Atria Wealth Solutions Inc. raised its position in shares of Live Nation Entertainment by 108.1% during the first quarter. Atria Wealth Solutions Inc. now owns 3,635 shares of the company’s stock worth $475,000 after purchasing an additional 1,888 shares during the period. Aberdeen Group plc lifted its holdings in shares of Live Nation Entertainment by 3.9% during the 2nd quarter. Aberdeen Group plc now owns 93,543 shares of the company’s stock valued at $14,151,000 after purchasing an additional 3,542 shares in the last quarter. Finally, Seven Grand Managers LLC acquired a new position in shares of Live Nation Entertainment in the 2nd quarter valued at approximately $22,692,000. Institutional investors own 74.52% of the company’s stock.

Live Nation Entertainment Trading Up 2.7%

Shares of Live Nation Entertainment stock opened at $139.73 on Friday. The stock has a market cap of $32.80 billion, a P/E ratio of 101.25 and a beta of 1.22. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 5.41. Live Nation Entertainment, Inc. has a 12-month low of $112.88 and a 12-month high of $175.25. The business’s 50 day moving average is $145.52 and its 200-day moving average is $150.63.

Live Nation Entertainment (NYSE:LYV) last issued its earnings results on Tuesday, November 4th. The company reported $0.73 earnings per share for the quarter, missing analysts’ consensus estimates 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 previous year, the firm posted $1.66 earnings per share. Live Nation Entertainment’s quarterly revenue was up 11.1% on a year-over-year basis. Equities research analysts predict that Live Nation Entertainment, Inc. will post 2.38 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Morgan Stanley dropped their target price on shares of Live Nation Entertainment from $180.00 to $170.00 and set an “overweight” rating on the stock in a report on Wednesday, November 5th. JPMorgan Chase & Co. dropped their price objective on shares of Live Nation Entertainment from $180.00 to $172.00 and set an “overweight” rating on the stock in a report on Wednesday, November 5th. UBS Group initiated coverage on shares of Live Nation Entertainment in a research note on Tuesday, November 25th. They issued a “buy” rating and a $164.00 target price for the company. Rothschild & Co Redburn lowered Live Nation Entertainment from a “buy” rating to a “neutral” rating and boosted their price target for the company from $144.00 to $170.00 in a report on Tuesday, September 16th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on Live Nation Entertainment from $173.00 to $160.00 and set a “buy” rating for the company in a report on Thursday, November 20th. Nineteen investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Live Nation Entertainment has an average rating of “Moderate Buy” and an average target price of $173.50.

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.