Jupiter Asset Management Ltd. Has $5.25 Million Stock Holdings in Live Nation Entertainment, Inc. $LYV

Jupiter Asset Management Ltd. trimmed its position in Live Nation Entertainment, Inc. (NYSE:LYV) by 19.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,675 shares of the company’s stock after selling 8,391 shares during the quarter. Jupiter Asset Management Ltd.’s holdings in Live Nation Entertainment were worth $5,246,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in LYV. Fifth Third Wealth Advisors LLC boosted its stake in shares of Live Nation Entertainment by 2.5% in the 2nd quarter. Fifth Third Wealth Advisors LLC now owns 2,828 shares of the company’s stock valued at $428,000 after purchasing an additional 69 shares in the last quarter. Gilbert & Cook Inc. increased its stake in shares of Live Nation Entertainment by 1.4% in the 1st quarter. Gilbert & Cook Inc. now owns 5,538 shares of the company’s stock valued at $723,000 after buying an additional 75 shares during the period. Central Pacific Bank Trust Division lifted its position in Live Nation Entertainment by 1.8% during 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 period. Trust Asset Management LLC grew its holdings in Live Nation Entertainment by 5.8% during the 1st quarter. Trust Asset Management LLC now owns 1,785 shares of the company’s stock worth $233,000 after acquiring an additional 98 shares during the period. Finally, Callan Family Office LLC increased its holdings in Live Nation Entertainment by 1.8% in the first quarter. Callan Family Office LLC now owns 5,604 shares of the company’s stock valued at $732,000 after purchasing an additional 98 shares during the last quarter. 74.52% of the stock is owned by institutional investors and hedge funds.

Live Nation Entertainment Trading Down 2.6%

Shares of Live Nation Entertainment stock opened at $136.90 on Friday. Live Nation Entertainment, Inc. has a 1 year low of $112.88 and a 1 year high of $175.25. The company has a market capitalization of $32.13 billion, a price-to-earnings ratio of 59.26, a P/E/G ratio of 12.85 and a beta of 1.37. The business has a fifty day simple moving average of $156.38 and a two-hundred day simple moving average of $151.22. 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 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). Live Nation Entertainment had a return on equity of 105.85% and a net margin of 3.88%.The company had revenue of $8.50 billion for the quarter, compared to analyst estimates of $8.87 billion. During the same quarter in the prior year, the business posted $1.66 EPS. The business’s quarterly revenue was up 11.1% compared to the same quarter last year. Research analysts forecast that Live Nation Entertainment, Inc. will post 2.38 EPS for the current year.

Analyst Ratings Changes

A number of research firms recently commented on LYV. Roth Capital lowered their price objective on shares of Live Nation Entertainment from $180.00 to $176.00 and set a “buy” rating for the company in a research report on Wednesday, November 5th. Citigroup cut their price target on shares of Live Nation Entertainment from $195.00 to $181.00 and set a “buy” rating on the stock in a research report on Thursday, October 23rd. Susquehanna increased their price target on Live Nation Entertainment from $174.00 to $175.00 and gave the company a “positive” rating in a research report on Monday, November 3rd. Deutsche Bank Aktiengesellschaft decreased their price target on 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. Finally, Guggenheim decreased their target price on shares of Live Nation Entertainment from $182.00 to $175.00 and set a “buy” rating for the company in a research note on Wednesday, November 5th. Eighteen 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.com, the company currently has an average rating of “Moderate Buy” and an average target price of $174.84.

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.