Caxton Associates LLP Boosts Stock Position in Live Nation Entertainment, Inc. $LYV

Caxton Associates LLP grew its holdings in Live Nation Entertainment, Inc. (NYSE:LYV) by 193.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,365 shares of the company’s stock after purchasing an additional 6,831 shares during the period. Caxton Associates LLP’s holdings in Live Nation Entertainment were worth $1,568,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Norges Bank purchased a new stake in Live Nation Entertainment in the second quarter worth about $198,336,000. Independent Franchise Partners LLP raised its holdings in Live Nation Entertainment by 21.4% during the 1st quarter. Independent Franchise Partners LLP now owns 5,698,560 shares of the company’s stock valued at $744,118,000 after buying an additional 1,004,574 shares during the period. Kingstone Capital Partners Texas LLC bought a new position in Live Nation Entertainment in the 2nd quarter valued at $128,704,000. Price T Rowe Associates Inc. MD boosted its holdings 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 valued at $207,490,000 after purchasing an additional 723,112 shares during the period. Finally, T. Rowe Price Investment Management Inc. bought a new stake in shares of Live Nation Entertainment in the 1st quarter valued at about $92,678,000. Hedge funds and other institutional investors own 74.52% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Rothschild Redb downgraded Live Nation Entertainment from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 16th. Benchmark reaffirmed a “buy” rating on shares of Live Nation Entertainment in a research report on Tuesday, November 4th. Guggenheim dropped their target price on Live Nation Entertainment from $175.00 to $172.00 and set a “buy” rating for the company in a research report on Tuesday, November 18th. Susquehanna boosted their price objective on shares of Live Nation Entertainment from $174.00 to $175.00 and gave the stock a “positive” rating in a research report on Monday, November 3rd. Finally, Evercore ISI dropped their price target on shares of 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. Nineteen analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $173.00.

Live Nation Entertainment Stock Down 0.9%

NYSE LYV opened at $141.81 on Tuesday. The stock has a market cap of $33.29 billion, a PE ratio of 102.76 and a beta of 1.22. The business has a 50 day moving average price of $142.78 and a two-hundred day moving average price of $150.55. 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 fifty-two week low of $112.88 and a fifty-two week high of $175.25.

Live Nation Entertainment (NYSE:LYV) last released its earnings results on Tuesday, November 4th. The company reported $0.73 earnings per share 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 company had revenue of $8.50 billion during the quarter, compared to the consensus estimate of $8.87 billion. During the same period in the previous year, the firm posted $1.66 EPS. Live Nation Entertainment’s revenue for the quarter was up 11.1% on a year-over-year basis. As a group, sell-side analysts predict that Live Nation Entertainment, Inc. will post 2.38 EPS for the current fiscal 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.