Dimensional Fund Advisors LP Has $197.15 Million Holdings in Live Nation Entertainment, Inc. $LYV

Dimensional Fund Advisors LP boosted its stake in Live Nation Entertainment, Inc. (NYSE:LYV) by 1.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,206,435 shares of the company’s stock after purchasing an additional 19,825 shares during the quarter. Dimensional Fund Advisors LP owned about 0.51% of Live Nation Entertainment worth $197,145,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Empowered Funds LLC increased its stake in shares of Live Nation Entertainment by 3.3% in the 1st quarter. Empowered Funds LLC now owns 17,376 shares of the company’s stock valued at $2,269,000 after acquiring an additional 547 shares during the last quarter. Resona Asset Management Co. Ltd. grew its holdings in Live Nation Entertainment by 5.3% during the second quarter. Resona Asset Management Co. Ltd. now owns 52,706 shares of the company’s stock valued at $7,963,000 after purchasing an additional 2,663 shares during the period. Andra AP fonden acquired a new position in Live Nation Entertainment during the second quarter valued at approximately $574,000. Vestmark Advisory Solutions Inc. acquired a new stake in Live Nation Entertainment in the second quarter worth $470,000. Finally, Penserra Capital Management LLC raised its holdings in Live Nation Entertainment by 20.8% in the second quarter. Penserra Capital Management LLC now owns 876 shares of the company’s stock worth $132,000 after purchasing an additional 151 shares during the period. Institutional investors own 74.52% of the company’s stock.

Live Nation Entertainment Price Performance

Shares of NYSE LYV opened at $156.58 on Monday. The company has a fifty day moving average price of $149.52 and a 200 day moving average price of $150.31. The firm has a market cap of $36.77 billion, a PE ratio of -652.42 and a beta of 1.11. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 8.51. Live Nation Entertainment, Inc. has a 1-year low of $112.88 and a 1-year high of $175.25.

Live Nation Entertainment (NYSE:LYV) last released its quarterly earnings results on Thursday, February 19th. The company reported ($1.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.00) by ($0.06). The firm had revenue of $6.31 billion during the quarter, compared to analyst estimates of $6.12 billion. Live Nation Entertainment had a net margin of 1.79% and a return on equity of 48.11%. The business’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.58 EPS. Research analysts predict that Live Nation Entertainment, Inc. will post 2.38 earnings per share for the current fiscal year.

Analyst Ratings Changes

LYV has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Live Nation Entertainment from $160.00 to $180.00 and gave the company a “buy” rating in a report on Monday, February 23rd. Zacks Research lowered Live Nation Entertainment from a “hold” rating to a “strong sell” rating in a report on Friday, January 16th. Guggenheim decreased 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. Weiss Ratings lowered Live Nation Entertainment from a “hold (c)” rating to a “sell (d+)” rating in a research report on Friday, February 20th. Finally, Wall Street Zen upgraded Live Nation Entertainment from a “sell” rating to a “hold” rating in a report on Saturday. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Live Nation Entertainment currently has an average rating of “Moderate Buy” and an average price target of $183.05.

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.