United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Buys 1,600 Shares of Live Nation Entertainment, Inc. $LYV

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund raised its stake in shares of Live Nation Entertainment, Inc. (NYSE:LYV) by 42.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,400 shares of the company’s stock after buying an additional 1,600 shares during the quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund’s holdings in Live Nation Entertainment were worth $817,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. Fifth Third Wealth Advisors LLC increased its holdings in shares of Live Nation Entertainment by 2.5% during the second quarter. Fifth Third Wealth Advisors LLC now owns 2,828 shares of the company’s stock valued at $428,000 after acquiring an additional 69 shares in the last quarter. Central Pacific Bank Trust Division grew its position in Live Nation Entertainment by 1.8% during the 2nd quarter. Central Pacific Bank Trust Division now owns 5,521 shares of the company’s stock valued at $835,000 after purchasing an additional 97 shares during the last quarter. Trust Asset Management LLC grew its position in Live Nation Entertainment by 5.8% during the 1st quarter. Trust Asset Management LLC now owns 1,785 shares of the company’s stock valued at $233,000 after purchasing an additional 98 shares during the last quarter. Callan Family Office LLC raised its holdings in Live Nation Entertainment by 1.8% in the first quarter. Callan Family Office LLC now owns 5,604 shares of the company’s stock worth $732,000 after buying an additional 98 shares during the last quarter. Finally, Horizon Investments LLC lifted its stake in shares of Live Nation Entertainment by 5.1% in the first quarter. Horizon Investments LLC now owns 2,251 shares of the company’s stock worth $294,000 after buying an additional 110 shares in the last quarter. 74.52% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on LYV. Rothschild & Co Redburn downgraded shares of Live Nation Entertainment from a “buy” rating to a “neutral” rating and raised their price target for the company from $144.00 to $170.00 in a research report on Tuesday, September 16th. The Goldman Sachs Group lifted their target price on Live Nation Entertainment from $168.00 to $170.00 and gave the stock a “buy” rating in a report on Thursday, October 2nd. Rothschild Redb downgraded Live Nation Entertainment from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 16th. UBS Group initiated coverage on Live Nation Entertainment in a report on Tuesday. They issued a “buy” rating and a $164.00 price objective for the company. Finally, Susquehanna upped their target price on shares of Live Nation Entertainment from $174.00 to $175.00 and gave the company a “positive” rating in a research note on Monday, November 3rd. Nineteen equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Live Nation Entertainment currently has an average rating of “Moderate Buy” and a consensus price target of $173.50.

Live Nation Entertainment Stock Up 1.4%

Live Nation Entertainment stock opened at $131.35 on Thursday. Live Nation Entertainment, Inc. has a one year low of $112.88 and a one year high of $175.25. The stock has a fifty day moving average of $149.20 and a 200 day moving average of $151.13. The company has a debt-to-equity ratio of 5.38, a quick ratio of 0.88 and a current ratio of 0.88. The stock has a market cap of $30.83 billion, a PE ratio of 56.86, a price-to-earnings-growth ratio of 12.85 and a beta of 1.37.

Live Nation Entertainment (NYSE:LYV) last released its quarterly 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 105.85% and a net margin of 3.88%.The business had revenue of $8.50 billion during the quarter, compared to the consensus estimate of $8.87 billion. During the same quarter in the previous year, the business posted $1.66 earnings per share. The firm’s revenue 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 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.