ASR Vermogensbeheer N.V. Buys 979 Shares of Live Nation Entertainment, Inc. $LYV

ASR Vermogensbeheer N.V. raised its stake in shares of Live Nation Entertainment, Inc. (NYSE:LYV) by 16.8% during the 2nd quarter, Holdings Channel.com reports. The fund owned 6,794 shares of the company’s stock after purchasing an additional 979 shares during the quarter. ASR Vermogensbeheer N.V.’s holdings in Live Nation Entertainment were worth $1,028,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Robeco Institutional Asset Management B.V. bought a new position in shares of Live Nation Entertainment in the 1st quarter worth approximately $1,153,000. Praxis Investment Management Inc. lifted its stake in shares of Live Nation Entertainment by 45.2% in the 1st quarter. Praxis Investment Management Inc. now owns 5,560 shares of the company’s stock worth $726,000 after purchasing an additional 1,730 shares during the period. Stratos Wealth Partners LTD. bought a new position in shares of Live Nation Entertainment in the 1st quarter worth approximately $272,000. Teacher Retirement System of Texas bought a new position in shares of Live Nation Entertainment in the 1st quarter worth approximately $3,081,000. Finally, Personal CFO Solutions LLC bought a new position in shares of Live Nation Entertainment in the 1st quarter worth approximately $277,000. Institutional investors own 74.52% of the company’s stock.

Live Nation Entertainment Trading Down 0.4%

Shares of LYV opened at $156.01 on Friday. 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 1 year low of $109.15 and a 1 year high of $175.25. The company has a 50 day simple moving average of $161.58 and a two-hundred day simple moving average of $146.70. The firm has a market cap of $36.58 billion, a P/E ratio of 67.54, a price-to-earnings-growth ratio of 10.63 and a beta of 1.40.

Live Nation Entertainment (NYSE:LYV) last announced 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). Live Nation Entertainment had a net margin of 3.88% and a return on equity of 105.85%. The company had revenue of $7.01 billion for the quarter, compared to analysts’ expectations of $6.93 billion. During the same period last year, the business earned $1.03 earnings per share. The company’s quarterly revenue was up 16.3% compared to the same quarter last year. On average, equities analysts expect that Live Nation Entertainment, Inc. will post 2.38 earnings per share for the current fiscal year.

Analysts Set New Price Targets

LYV has been the topic of several recent research reports. Guggenheim reiterated a “buy” rating and issued a $170.00 price objective on shares of Live Nation Entertainment in a research note on Wednesday, June 18th. Morgan Stanley set a $180.00 price objective on shares of Live Nation Entertainment in a research note on Thursday, July 24th. Rothschild & Co Redburn cut shares of Live Nation Entertainment from a “buy” rating to a “neutral” rating and raised their target price for the stock from $144.00 to $170.00 in a research note on Tuesday, September 16th. Rothschild Redb cut shares of Live Nation Entertainment from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 16th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Live Nation Entertainment in a research note on Saturday, September 27th. Eighteen research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $171.42.

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.