Live Nation Entertainment, Inc. (NYSE:LYV) Shares Purchased by Public Employees Retirement Association of Colorado

Public Employees Retirement Association of Colorado grew its holdings in shares of Live Nation Entertainment, Inc. (NYSE:LYV) by 906.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 244,105 shares of the company’s stock after purchasing an additional 219,839 shares during the period. Public Employees Retirement Association of Colorado owned approximately 0.11% of Live Nation Entertainment worth $22,848,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Jump Financial LLC boosted its position in shares of Live Nation Entertainment by 234.1% in the 3rd quarter. Jump Financial LLC now owns 12,248 shares of the company’s stock valued at $1,017,000 after purchasing an additional 8,582 shares during the period. Quantbot Technologies LP bought a new position in shares of Live Nation Entertainment in the 3rd quarter valued at approximately $533,000. J.P. Morgan Private Wealth Advisors LLC raised its stake in shares of Live Nation Entertainment by 1.1% in the 3rd quarter. J.P. Morgan Private Wealth Advisors LLC now owns 13,179 shares of the company’s stock valued at $1,094,000 after acquiring an additional 146 shares in the last quarter. Amalgamated Bank increased its position in Live Nation Entertainment by 2.4% in the 3rd quarter. Amalgamated Bank now owns 39,241 shares of the company’s stock worth $3,259,000 after buying an additional 912 shares during the period. Finally, Banque Cantonale Vaudoise increased its position in Live Nation Entertainment by 14.9% in the 3rd quarter. Banque Cantonale Vaudoise now owns 2,721 shares of the company’s stock worth $226,000 after buying an additional 352 shares during the period. Institutional investors own 74.52% of the company’s stock.

Insider Buying and Selling at Live Nation Entertainment

In other Live Nation Entertainment news, Director Jeffrey T. Hinson sold 1,001 shares of the firm’s stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $100.50, for a total value of $100,600.50. Following the completion of the transaction, the director now directly owns 59,374 shares in the company, valued at $5,967,087. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 2.85% of the company’s stock.

Analyst Upgrades and Downgrades

LYV has been the topic of several recent research reports. Redburn Atlantic raised Live Nation Entertainment from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $114.00 to $115.00 in a report on Thursday, May 9th. Oppenheimer cut their price objective on Live Nation Entertainment from $120.00 to $110.00 and set an “outperform” rating for the company in a research report on Friday, May 24th. Morgan Stanley upped their price target on Live Nation Entertainment from $110.00 to $120.00 and gave the company an “overweight” rating in a research note on Friday, February 23rd. Rosenblatt Securities increased their target price on Live Nation Entertainment from $119.00 to $122.00 and gave the company a “buy” rating in a research note on Friday, May 3rd. Finally, JPMorgan Chase & Co. cut their target price on Live Nation Entertainment from $126.00 to $116.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 29th. Two research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $115.58.

Live Nation Entertainment Stock Up 0.1 %

Shares of NYSE:LYV traded up $0.07 during mid-day trading on Wednesday, reaching $93.59. 1,988,500 shares of the stock were exchanged, compared to its average volume of 2,266,229. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 10.83. The company has a market cap of $21.50 billion, a P/E ratio of 89.13, a P/E/G ratio of 1.92 and a beta of 1.35. Live Nation Entertainment, Inc. has a one year low of $76.48 and a one year high of $107.24. The stock’s 50 day simple moving average is $96.24 and its 200-day simple moving average is $93.76.

Live Nation Entertainment (NYSE:LYV) last posted its quarterly earnings data on Thursday, May 2nd. The company reported ($0.53) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.32). The firm had revenue of $3.80 billion for the quarter, compared to the consensus estimate of $3.26 billion. Live Nation Entertainment had a return on equity of 90.67% and a net margin of 2.22%. The firm’s quarterly revenue was up 21.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.25) earnings per share. As a group, equities research analysts predict that Live Nation Entertainment, Inc. will post 1.38 EPS for the current year.

Live Nation Entertainment Company 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.