Freemont Management S.A. Raises Holdings in Live Nation Entertainment, Inc. $LYV

Freemont Management S.A. boosted its stake in Live Nation Entertainment, Inc. (NYSE:LYV) by 30.5% during the second quarter, Holdings Channel.com reports. The institutional investor owned 16,700 shares of the company’s stock after acquiring an additional 3,900 shares during the period. Freemont Management S.A.’s holdings in Live Nation Entertainment were worth $2,526,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Fifth Third Wealth Advisors LLC raised its holdings in shares of Live Nation Entertainment by 2.5% in the second quarter. Fifth Third Wealth Advisors LLC now owns 2,828 shares of the company’s stock worth $428,000 after acquiring an additional 69 shares during the last quarter. Gilbert & Cook Inc. increased its position in Live Nation Entertainment by 1.4% during the 1st quarter. Gilbert & Cook Inc. now owns 5,538 shares of the company’s stock worth $723,000 after purchasing an additional 75 shares in the last quarter. Central Pacific Bank Trust Division raised its stake in Live Nation Entertainment by 1.8% in the 2nd quarter. Central Pacific Bank Trust Division now owns 5,521 shares of the company’s stock valued at $835,000 after purchasing an additional 97 shares during the last quarter. Trust Asset Management LLC lifted its holdings in Live Nation Entertainment by 5.8% in the 1st quarter. Trust Asset Management LLC now owns 1,785 shares of the company’s stock valued at $233,000 after purchasing an additional 98 shares in the last quarter. Finally, Callan Family Office LLC boosted its stake in shares of Live Nation Entertainment by 1.8% during the 1st quarter. Callan Family Office LLC now owns 5,604 shares of the company’s stock worth $732,000 after purchasing an additional 98 shares during the last quarter. Hedge funds and other institutional investors own 74.52% of the company’s stock.

Live Nation Entertainment Stock Performance

Live Nation Entertainment stock opened at $140.59 on Friday. The company has a market cap of $32.97 billion, a price-to-earnings ratio of 60.86, a price-to-earnings-growth ratio of 12.85 and a beta of 1.37. Live Nation Entertainment, Inc. has a 12 month low of $112.88 and a 12 month high of $175.25. The company has a debt-to-equity ratio of 5.38, a current ratio of 0.88 and a quick ratio of 0.88. The stock’s 50-day moving average is $158.25 and its 200-day moving average is $150.96.

Live Nation Entertainment (NYSE:LYV) last posted its earnings results on Tuesday, November 4th. The company reported $0.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.54 by ($0.81). The business had revenue of $8.50 billion for the quarter, compared to analyst estimates of $8.87 billion. Live Nation Entertainment had a return on equity of 105.85% and a net margin of 3.88%.The firm’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same period last year, the company posted $1.66 EPS. Equities analysts anticipate that Live Nation Entertainment, Inc. will post 2.38 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Susquehanna upped their price objective on shares of Live Nation Entertainment from $174.00 to $175.00 and gave the company a “positive” rating in a research note on Monday, November 3rd. Guggenheim decreased their price objective on Live Nation Entertainment from $182.00 to $175.00 and set a “buy” rating on the stock in a report on Wednesday. Oppenheimer upped their target price on Live Nation Entertainment from $165.00 to $180.00 and gave the company an “outperform” rating in a research note on Tuesday, August 12th. Citigroup decreased their price target on Live Nation Entertainment from $195.00 to $181.00 and set a “buy” rating on the stock in a research note on Thursday, October 23rd. Finally, Moffett Nathanson initiated coverage on Live Nation Entertainment in a report on Monday, August 18th. They issued a “buy” rating and a $195.00 price target for the company. Nineteen equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $173.35.

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.