Oregon Public Employees Retirement Fund Acquires 4,467 Shares of Live Nation Entertainment, Inc. $LYV

Oregon Public Employees Retirement Fund increased its holdings in shares of Live Nation Entertainment, Inc. (NYSE:LYV) by 33.0% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 18,022 shares of the company’s stock after purchasing an additional 4,467 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Live Nation Entertainment were worth $2,945,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of LYV. Clearstead Trust LLC increased its position in shares of Live Nation Entertainment by 469.0% during the second quarter. Clearstead Trust LLC now owns 165 shares of the company’s stock worth $25,000 after acquiring an additional 136 shares in the last quarter. Atwood & Palmer Inc. acquired a new position in Live Nation Entertainment in the 3rd quarter worth $33,000. Heartwood Wealth Advisors LLC bought a new position in Live Nation Entertainment during the 3rd quarter worth about $34,000. Measured Risk Portfolios Inc. acquired a new stake in shares of Live Nation Entertainment in the 3rd quarter valued at about $37,000. Finally, CYBER HORNET ETFs LLC bought a new stake in shares of Live Nation Entertainment in the second quarter valued at about $56,000. Institutional investors own 74.52% of the company’s stock.

Live Nation Entertainment Stock Down 0.8%

Live Nation Entertainment stock opened at $146.03 on Monday. The company has a debt-to-equity ratio of 5.41, a current ratio of 0.92 and a quick ratio of 0.92. The company’s 50-day moving average is $139.14 and its 200-day moving average is $150.52. The firm has a market capitalization of $34.28 billion, a PE ratio of 105.82, a P/E/G ratio of 9.34 and a beta of 1.20. 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 posted its quarterly earnings results on Tuesday, November 4th. The company reported $0.73 EPS for the quarter, missing analysts’ consensus estimates of $1.54 by ($0.81). The business had revenue of $8.50 billion for the quarter, compared to the consensus estimate of $8.87 billion. Live Nation Entertainment had a return on equity of 97.90% and a net margin of 3.66%.The company’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.66 EPS. Sell-side analysts anticipate that Live Nation Entertainment, Inc. will post 2.38 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on LYV shares. JPMorgan Chase & Co. dropped their target price on Live Nation Entertainment from $180.00 to $172.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 5th. UBS Group began coverage on shares of Live Nation Entertainment in a report on Tuesday, November 25th. They issued a “buy” rating and a $164.00 price objective on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Live Nation Entertainment in a report on Monday, December 29th. Morgan Stanley lowered their price target on shares of Live Nation Entertainment from $180.00 to $170.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 5th. Finally, Susquehanna increased 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 note on Monday, November 3rd. Eighteen equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Live Nation Entertainment currently has an average rating of “Moderate Buy” and a consensus target price of $174.25.

Live Nation Entertainment Profile

Live Nation Entertainment is a global live entertainment company that promotes, operates and sells tickets for live events. The company’s core activities include concert promotion and production, venue operations and management, ticketing services through its Ticketmaster platform, artist management and development, and sponsorship and advertising services tied to live events. These integrated businesses are designed to connect artists, fans and commercial partners across the live event ecosystem.

The company in its current form was created following the 2010 merger of Live Nation and Ticketmaster, combining a promoter and venue operator with one of the industry’s largest ticketing platforms.