Mn Services Vermogensbeheer B.V. Buys 4,000 Shares of Live Nation Entertainment, Inc. $LYV

Mn Services Vermogensbeheer B.V. lifted its stake in Live Nation Entertainment, Inc. (NYSE:LYV) by 6.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 62,700 shares of the company’s stock after buying an additional 4,000 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Live Nation Entertainment were worth $9,485,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in LYV. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in shares of Live Nation Entertainment by 11.2% during the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 23,600 shares of the company’s stock worth $3,570,000 after buying an additional 2,381 shares in the last quarter. Jackson Square Capital LLC acquired a new stake in Live Nation Entertainment during the 2nd quarter worth $299,000. Bank of New Hampshire grew its holdings in Live Nation Entertainment by 3.2% during the 2nd quarter. Bank of New Hampshire now owns 19,750 shares of the company’s stock worth $2,988,000 after acquiring an additional 605 shares during the period. Czech National Bank boosted its position in shares of Live Nation Entertainment by 7.0% during the second quarter. Czech National Bank now owns 38,524 shares of the company’s stock worth $5,828,000 after purchasing an additional 2,508 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB boosted its position in shares of Live Nation Entertainment by 24.5% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 636 shares of the company’s stock worth $96,000 after purchasing an additional 125 shares in the last quarter. Institutional investors own 74.52% of the company’s stock.

Live Nation Entertainment Price Performance

Shares of NYSE:LYV opened at $163.69 on Friday. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 5.38. Live Nation Entertainment, Inc. has a 12 month low of $102.72 and a 12 month high of $175.25. The stock has a market cap of $38.38 billion, a P/E ratio of 70.86, a P/E/G ratio of 11.11 and a beta of 1.42. The company has a 50 day moving average of $159.36 and a 200 day moving average of $143.93.

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

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Oppenheimer boosted their price objective 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 price objective on shares of Live Nation Entertainment from $160.00 to $168.00 and gave the stock an “outperform” rating in a research note on Tuesday, June 10th. Citigroup upped their price target on shares of Live Nation Entertainment from $165.00 to $195.00 and gave the company a “buy” rating in a research note on Tuesday, September 9th. Rothschild & Co Redburn downgraded shares of Live Nation Entertainment from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $144.00 to $170.00 in a report on Tuesday. Finally, Guggenheim reissued a “buy” rating and issued a $170.00 price objective on shares of Live Nation Entertainment in a report on Wednesday, June 18th. Eighteen investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $170.68.

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.