Nilsine Partners LLC Acquires 1,735 Shares of Live Nation Entertainment, Inc. (NYSE:LYV)

Nilsine Partners LLC grew its holdings in Live Nation Entertainment, Inc. (NYSE:LYV) by 7.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 23,742 shares of the company’s stock after buying an additional 1,735 shares during the period. Nilsine Partners LLC’s holdings in Live Nation Entertainment were worth $3,075,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Brooklyn Investment Group bought a new stake in shares of Live Nation Entertainment during the 3rd quarter worth about $31,000. World Investment Advisors LLC bought a new position in Live Nation Entertainment during the 3rd quarter worth $38,000. Reston Wealth Management LLC acquired a new stake in shares of Live Nation Entertainment during the third quarter worth $41,000. Morse Asset Management Inc bought a new stake in shares of Live Nation Entertainment in the third quarter valued at about $42,000. Finally, Retirement Wealth Solutions LLC acquired a new position in shares of Live Nation Entertainment in the fourth quarter valued at about $44,000. 74.52% of the stock is currently owned by institutional investors.

Live Nation Entertainment Trading Down 0.3 %

LYV opened at $140.30 on Tuesday. The company’s 50 day moving average price is $134.75 and its two-hundred day moving average price is $115.42. The firm has a market capitalization of $32.60 billion, a price-to-earnings ratio of 149.26, a PEG ratio of 1.61 and a beta of 1.38. Live Nation Entertainment, Inc. has a fifty-two week low of $86.67 and a fifty-two week high of $141.18. The company has a debt-to-equity ratio of 6.10, a current ratio of 1.01 and a quick ratio of 1.01.

Live Nation Entertainment (NYSE:LYV) last posted its quarterly earnings data on Monday, November 11th. The company reported $1.66 EPS for the quarter, topping analysts’ consensus estimates of $1.58 by $0.08. Live Nation Entertainment had a return on equity of 77.62% and a net margin of 2.11%. The company had revenue of $7.65 billion for the quarter, compared to analyst estimates of $7.75 billion. During the same period in the previous year, the firm earned $1.78 earnings per share. The firm’s quarterly revenue was down 6.2% on a year-over-year basis. As a group, research analysts predict that Live Nation Entertainment, Inc. will post 1.02 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have issued reports on LYV. Macquarie boosted their price objective on shares of Live Nation Entertainment from $130.00 to $146.00 and gave the company an “outperform” rating in a report on Friday, November 15th. Deutsche Bank Aktiengesellschaft raised their price target on Live Nation Entertainment from $130.00 to $150.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. JPMorgan Chase & Co. upped their price objective on shares of Live Nation Entertainment from $137.00 to $150.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. The Goldman Sachs Group lifted their price objective on shares of Live Nation Entertainment from $132.00 to $148.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Finally, StockNews.com upgraded Live Nation Entertainment from a “sell” rating to a “hold” rating in a research note on Wednesday, November 20th. Two equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $145.40.

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.