Aristeia Capital L.L.C. Has $1.46 Million Stake in Live Nation Entertainment, Inc. $LYV

Aristeia Capital L.L.C. boosted its holdings in Live Nation Entertainment, Inc. (NYSE:LYV) by 3.1% in the 1st quarter, Holdings Channel.com reports. The firm owned 11,149 shares of the company’s stock after acquiring an additional 335 shares during the period. Aristeia Capital L.L.C.’s holdings in Live Nation Entertainment were worth $1,456,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of LYV. Measured Risk Portfolios Inc. acquired a new stake in Live Nation Entertainment in the 4th quarter worth about $29,000. Wayfinding Financial LLC acquired a new stake in Live Nation Entertainment in the 1st quarter worth about $30,000. Chilton Capital Management LLC acquired a new stake in Live Nation Entertainment in the 1st quarter worth about $33,000. GW&K Investment Management LLC raised its stake in Live Nation Entertainment by 690.2% in the 1st quarter. GW&K Investment Management LLC now owns 324 shares of the company’s stock worth $42,000 after purchasing an additional 283 shares in the last quarter. Finally, N.E.W. Advisory Services LLC acquired a new stake in Live Nation Entertainment in the 1st quarter worth about $42,000. Institutional investors and hedge funds own 74.52% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Morgan Stanley set a $180.00 price objective on shares of Live Nation Entertainment in a research note on Thursday, July 24th. Susquehanna set a $165.00 target price on shares of Live Nation Entertainment and gave the company a “positive” rating in a research report on Tuesday, June 10th. Oppenheimer boosted their target price on shares of Live Nation Entertainment from $165.00 to $180.00 and gave the company an “outperform” rating in a research report on Tuesday, August 12th. Wolfe Research boosted their target price on shares of Live Nation Entertainment from $160.00 to $168.00 and gave the company an “outperform” rating in a research report on Tuesday, June 10th. Finally, Moffett Nathanson initiated coverage on shares of Live Nation Entertainment in a research report on Monday, August 18th. They issued a “buy” rating and a $195.00 target price for the company. Eighteen equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $168.94.

Live Nation Entertainment Price Performance

LYV stock opened at $163.27 on Monday. The company has a 50 day simple moving average of $154.84 and a 200 day simple moving average of $142.13. The stock has a market cap of $38.28 billion, a price-to-earnings ratio of 70.68, a P/E/G ratio of 11.02 and a beta of 1.42. Live Nation Entertainment, Inc. has a 1 year low of $92.57 and a 1 year high of $167.94. The company has a debt-to-equity ratio of 5.38, a current ratio of 0.88 and a quick ratio of 0.88.

Live Nation Entertainment (NYSE:LYV) last released 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 company had revenue of $7.01 billion for the quarter, compared to analyst estimates 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 for the quarter was up 16.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.03 earnings per share. Research analysts anticipate that Live Nation Entertainment, Inc. will post 2.38 EPS for the current fiscal 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.