Nisa Investment Advisors LLC Purchases 688 Shares of Live Nation Entertainment, Inc. $LYV

Nisa Investment Advisors LLC grew its position in shares of Live Nation Entertainment, Inc. (NYSE:LYV) by 4.1% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 17,439 shares of the company’s stock after buying an additional 688 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Live Nation Entertainment were worth $2,638,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the company. Wealthfront Advisers LLC lifted its position in shares of Live Nation Entertainment by 161.9% during the 2nd quarter. Wealthfront Advisers LLC now owns 16,612 shares of the company’s stock worth $2,513,000 after buying an additional 10,269 shares in the last quarter. Rational Advisors Inc. increased its stake in shares of Live Nation Entertainment by 24.8% during the 2nd quarter. Rational Advisors Inc. now owns 23,522 shares of the company’s stock worth $3,558,000 after purchasing an additional 4,672 shares during the last quarter. State of New Jersey Common Pension Fund D increased its stake in shares of Live Nation Entertainment by 0.8% during the 2nd quarter. State of New Jersey Common Pension Fund D now owns 54,181 shares of the company’s stock worth $8,197,000 after purchasing an additional 404 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. increased its stake in shares of Live Nation Entertainment by 4.2% during the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 373,396 shares of the company’s stock worth $56,487,000 after purchasing an additional 14,994 shares during the last quarter. Finally, GLOBALT Investments LLC GA purchased a new stake in shares of Live Nation Entertainment during the 2nd quarter worth approximately $668,000. Institutional investors own 74.52% of the company’s stock.

Live Nation Entertainment Stock Down 0.7%

Shares of NYSE:LYV opened at $148.20 on Friday. The firm has a fifty day moving average price of $160.92 and a two-hundred day moving average price of $150.25. 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, Inc. has a one year low of $112.88 and a one year high of $175.25. The company has a market cap of $34.75 billion, a price-to-earnings ratio of 64.15, a PEG ratio of 12.85 and a beta of 1.40.

Live Nation Entertainment (NYSE:LYV) last announced its quarterly earnings results 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 net margin of 3.88% and a return on equity of 105.85%. The firm had revenue of $7.01 billion during the quarter, compared to the consensus estimate of $6.93 billion. During the same period in the previous year, the business earned $1.03 earnings per share. The firm’s revenue for the quarter was up 16.3% on a year-over-year basis. Analysts anticipate that Live Nation Entertainment, Inc. will post 2.38 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on LYV. Deutsche Bank Aktiengesellschaft decreased their price target on shares of 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. Rothschild Redb lowered shares of Live Nation Entertainment from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 16th. Morgan Stanley set a $180.00 price target on shares of Live Nation Entertainment in a research note on Thursday, July 24th. Citigroup reduced their price objective on shares of Live Nation Entertainment from $195.00 to $181.00 and set a “buy” rating for the company in a research note on Thursday, October 23rd. Finally, The Goldman Sachs Group lifted their price objective on shares of Live Nation Entertainment from $168.00 to $170.00 and gave the company a “buy” rating in a research note on Thursday, October 2nd. Eighteen investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $171.89.

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.