Asset Management One Co. Ltd. Has $10.15 Million Stake in Live Nation Entertainment, Inc. $LYV

Asset Management One Co. Ltd. increased its position in shares of Live Nation Entertainment, Inc. (NYSE:LYV) by 3.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 67,093 shares of the company’s stock after buying an additional 2,191 shares during the period. Asset Management One Co. Ltd.’s holdings in Live Nation Entertainment were worth $10,150,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Fifth Third Wealth Advisors LLC boosted its position in 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 worth $428,000 after purchasing an additional 69 shares during the period. Gilbert & Cook Inc. boosted its position in Live Nation Entertainment by 1.4% during the first quarter. Gilbert & Cook Inc. now owns 5,538 shares of the company’s stock worth $723,000 after purchasing an additional 75 shares during the period. Central Pacific Bank Trust Division boosted its position in Live Nation Entertainment by 1.8% during the second quarter. Central Pacific Bank Trust Division now owns 5,521 shares of the company’s stock worth $835,000 after purchasing an additional 97 shares during the period. Trust Asset Management LLC boosted its position in Live Nation Entertainment by 5.8% during the first quarter. Trust Asset Management LLC now owns 1,785 shares of the company’s stock worth $233,000 after purchasing an additional 98 shares during the period. Finally, Callan Family Office LLC boosted its position in Live Nation Entertainment by 1.8% during the first quarter. Callan Family Office LLC now owns 5,604 shares of the company’s stock worth $732,000 after purchasing an additional 98 shares during the period. 74.52% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have commented on LYV. Morgan Stanley set a $180.00 price objective on shares of Live Nation Entertainment in a research report on Thursday, July 24th. The Goldman Sachs Group boosted their target price on shares of Live Nation Entertainment from $168.00 to $170.00 and gave the company a “buy” rating in a research report on Thursday, October 2nd. Rothschild & Co Redburn cut shares of Live Nation Entertainment from a “buy” rating to a “neutral” rating and boosted their target price for the company from $144.00 to $170.00 in a research report on Tuesday, September 16th. Benchmark boosted their target price on shares of Live Nation Entertainment from $180.00 to $190.00 and gave the company a “buy” rating in a research report on Friday, September 26th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on Live Nation Entertainment from $175.00 to $173.00 and set a “buy” rating for the company in a research note on Thursday, October 23rd. Eighteen investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $171.89.

Live Nation Entertainment Trading Up 0.2%

Shares of LYV opened at $153.11 on Tuesday. Live Nation Entertainment, Inc. has a fifty-two week low of $112.88 and a fifty-two week high of $175.25. 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 firm has a market cap of $35.90 billion, a P/E ratio of 66.28, a price-to-earnings-growth ratio of 13.16 and a beta of 1.40. The business has a 50-day moving average of $161.69 and a 200 day moving average of $149.97.

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

Live Nation Entertainment 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.