Russell Investments Group Ltd. Boosts Stake in Live Nation Entertainment, Inc. $LYV

Russell Investments Group Ltd. lifted its holdings in Live Nation Entertainment, Inc. (NYSE:LYVFree Report) by 33.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 449,773 shares of the company’s stock after purchasing an additional 112,028 shares during the period. Russell Investments Group Ltd. owned about 0.19% of Live Nation Entertainment worth $73,527,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of LYV. Clearstead Trust LLC lifted its position in shares of Live Nation Entertainment by 469.0% during the 2nd quarter. Clearstead Trust LLC now owns 165 shares of the company’s stock valued at $25,000 after buying an additional 136 shares in the last quarter. Ameriflex Group Inc. increased its holdings in Live Nation Entertainment by 102.4% in the 3rd quarter. Ameriflex Group Inc. now owns 166 shares of the company’s stock worth $27,000 after acquiring an additional 84 shares in the last quarter. Atwood & Palmer Inc. acquired a new position in Live Nation Entertainment during the third quarter worth $33,000. Heartwood Wealth Advisors LLC purchased a new position in Live Nation Entertainment during the third quarter valued at $34,000. Finally, Measured Risk Portfolios Inc. acquired a new stake in shares of Live Nation Entertainment in the third quarter valued at about $37,000. Hedge funds and other institutional investors own 74.52% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on LYV. Moffett Nathanson lowered their price objective on Live Nation Entertainment from $185.00 to $180.00 and set a “buy” rating on the stock in a report on Thursday, January 22nd. The Goldman Sachs Group restated a “buy” rating and issued a $175.00 target price on shares of Live Nation Entertainment in a research report on Friday, February 20th. Wolfe Research lifted their price target on Live Nation Entertainment from $175.00 to $186.00 and gave the stock an “outperform” rating in a research note on Friday, February 20th. Weiss Ratings upgraded Live Nation Entertainment from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday. Finally, Zacks Research lowered Live Nation Entertainment from a “hold” rating to a “strong sell” rating in a report on Friday, January 16th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $183.65.

View Our Latest Research Report on Live Nation Entertainment

Live Nation Entertainment Price Performance

LYV stock opened at $165.47 on Wednesday. Live Nation Entertainment, Inc. has a 52-week low of $112.88 and a 52-week high of $175.25. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 8.51. The stock has a market cap of $38.85 billion, a price-to-earnings ratio of -689.45 and a beta of 1.11. The business has a fifty day moving average of $150.37 and a two-hundred day moving average of $150.33.

Live Nation Entertainment (NYSE:LYVGet Free Report) last issued its quarterly earnings data on Thursday, February 19th. The company reported ($1.06) EPS for the quarter, missing the consensus estimate of ($1.00) by ($0.06). Live Nation Entertainment had a return on equity of 48.11% and a net margin of 1.79%.The company had revenue of $6.31 billion during the quarter, compared to analyst estimates of $6.12 billion. During the same quarter in the prior year, the company posted $0.58 earnings per share. The business’s revenue was up 11.1% compared to the same quarter last year. As a group, research analysts anticipate that Live Nation Entertainment, Inc. will post 2.38 earnings per share for the current year.

Live Nation Entertainment News Summary

Here are the key news stories impacting Live Nation Entertainment this week:

Live Nation Entertainment Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Live Nation Entertainment (NYSE:LYV)

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