OMERS ADMINISTRATION Corp Sells 947 Shares of Live Nation Entertainment, Inc. $LYV

OMERS ADMINISTRATION Corp lowered its stake in Live Nation Entertainment, Inc. (NYSE:LYV) by 14.1% in the 1st quarter, HoldingsChannel.com reports. The fund owned 5,764 shares of the company’s stock after selling 947 shares during the quarter. OMERS ADMINISTRATION Corp’s holdings in Live Nation Entertainment were worth $753,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. B. Metzler seel. Sohn & Co. AG increased its stake in shares of Live Nation Entertainment by 56.1% in the 1st quarter. B. Metzler seel. Sohn & Co. AG now owns 6,285 shares of the company’s stock valued at $821,000 after acquiring an additional 2,260 shares in the last quarter. Quadcap Wealth Management LLC bought a new stake in shares of Live Nation Entertainment in the 1st quarter valued at $453,000. Findlay Park Partners LLP increased its stake in shares of Live Nation Entertainment by 1.4% in the 1st quarter. Findlay Park Partners LLP now owns 2,403,300 shares of the company’s stock valued at $313,823,000 after acquiring an additional 32,200 shares in the last quarter. Causeway Capital Management LLC increased its stake in shares of Live Nation Entertainment by 25.1% in the 1st quarter. Causeway Capital Management LLC now owns 294,721 shares of the company’s stock valued at $38,485,000 after acquiring an additional 59,100 shares in the last quarter. Finally, Linonia Partnership LP bought a new stake in shares of Live Nation Entertainment in the 1st quarter valued at $87,892,000. Institutional investors own 74.52% of the company’s stock.

Live Nation Entertainment Price Performance

LYV opened at $166.45 on Tuesday. The company has a debt-to-equity ratio of 5.38, a current ratio of 0.88 and a quick ratio of 0.88. The company has a market capitalization of $39.03 billion, a price-to-earnings ratio of 72.05, a P/E/G ratio of 10.04 and a beta of 1.42. The firm’s fifty day moving average price is $153.60 and its two-hundred day moving average price is $141.85. Live Nation Entertainment, Inc. has a 1 year low of $92.57 and a 1 year high of $167.22.

Live Nation Entertainment (NYSE:LYV) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.67). The firm had revenue of $7.01 billion for the quarter, compared to analysts’ expectations of $6.93 billion. Live Nation Entertainment had a return on equity of 105.85% and a net margin of 3.88%.Live Nation Entertainment’s revenue was up 16.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.03 earnings per share. As a group, analysts anticipate that Live Nation Entertainment, Inc. will post 2.38 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on LYV shares. Moffett Nathanson began coverage on shares of Live Nation Entertainment in a research note on Monday, August 18th. They issued a “buy” rating and a $195.00 price objective for the company. Morgan Stanley set a $180.00 price target on shares of Live Nation Entertainment in a research note on Thursday, July 24th. Guggenheim restated a “buy” rating and set a $170.00 price target on shares of Live Nation Entertainment in a research note on Wednesday, June 18th. Sanford C. Bernstein began coverage on shares of Live Nation Entertainment in a research note on Wednesday, June 4th. They set an “outperform” rating and a $185.00 price target for the company. Finally, Oppenheimer boosted their price target on shares of Live Nation Entertainment from $165.00 to $180.00 and gave the company an “outperform” rating in a research note on Tuesday, August 12th. Eighteen research analysts have rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of “Buy” and an average target price of $168.94.

About Live Nation Entertainment

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.