Csenge Advisory Group Invests $1.16 Million in Live Nation Entertainment, Inc. $LYV

Csenge Advisory Group acquired a new stake in Live Nation Entertainment, Inc. (NYSE:LYVFree Report) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 7,073 shares of the company’s stock, valued at approximately $1,156,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Norges Bank bought a new position in shares of Live Nation Entertainment in the 2nd quarter worth $198,336,000. Vanguard Group Inc. boosted its holdings in Live Nation Entertainment by 2.1% during the second quarter. Vanguard Group Inc. now owns 20,306,413 shares of the company’s stock worth $3,071,954,000 after buying an additional 423,541 shares during the last quarter. Holocene Advisors LP acquired a new position in shares of Live Nation Entertainment during the 2nd quarter worth about $54,126,000. Westfield Capital Management Co. LP increased its stake in shares of Live Nation Entertainment by 110.2% in the 2nd quarter. Westfield Capital Management Co. LP now owns 677,730 shares of the company’s stock valued at $102,527,000 after acquiring an additional 355,279 shares during the last quarter. Finally, AQR Capital Management LLC raised its position in shares of Live Nation Entertainment by 771.5% in the 2nd quarter. AQR Capital Management LLC now owns 302,587 shares of the company’s stock valued at $45,542,000 after acquiring an additional 267,868 shares during the period. Institutional investors own 74.52% of the company’s stock.

Key Live Nation Entertainment News

Here are the key news stories impacting Live Nation Entertainment this week:

Analysts Set New Price Targets

Several brokerages have commented on LYV. Morgan Stanley lowered their target price on shares of Live Nation Entertainment from $180.00 to $170.00 and set an “overweight” rating for the company in a research note on Wednesday, November 5th. Evercore ISI upped their price objective on shares of Live Nation Entertainment from $168.00 to $188.00 and gave the company an “outperform” rating in a research report on Tuesday, December 23rd. JPMorgan Chase & Co. reduced their target price on Live Nation Entertainment from $172.00 to $170.00 and set an “overweight” rating on the stock in a report on Friday. Guggenheim lowered their target price on Live Nation Entertainment from $172.00 to $168.00 and set a “buy” rating for the company in a research note on Wednesday, January 14th. Finally, UBS Group began coverage on shares of Live Nation Entertainment in a research note on Tuesday, November 25th. They issued a “buy” rating and a $164.00 price target on the stock. Eighteen research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $172.86.

Read Our Latest Research Report on LYV

Live Nation Entertainment Price Performance

NYSE LYV opened at $144.74 on Monday. The firm’s 50 day moving average is $139.49 and its 200-day moving average is $150.41. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 5.41. The company has a market capitalization of $33.98 billion, a PE ratio of 104.88, a price-to-earnings-growth ratio of 9.33 and a beta of 1.20. Live Nation Entertainment, Inc. has a 12-month low of $112.88 and a 12-month high of $175.25.

Live Nation Entertainment (NYSE:LYVGet Free Report) last announced its earnings results on Tuesday, November 4th. The company reported $0.73 EPS 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 business 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 company posted $1.66 EPS. The business’s revenue for the quarter was up 11.1% compared to the same quarter last year. Equities research analysts anticipate that Live Nation Entertainment, Inc. will post 2.38 earnings per share for the current fiscal year.

Live Nation Entertainment Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Live Nation Entertainment (NYSE:LYV)

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