Paradigm Asset Management Co. LLC Has $394,000 Holdings in Live Nation Entertainment, Inc. (NYSE:LYV)

Paradigm Asset Management Co. LLC lifted its stake in shares of Live Nation Entertainment, Inc. (NYSE:LYV) by 222.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,043 shares of the company’s stock after purchasing an additional 2,100 shares during the period. Paradigm Asset Management Co. LLC’s holdings in Live Nation Entertainment were worth $394,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Principal Financial Group Inc. raised its position in shares of Live Nation Entertainment by 1.5% in the 4th quarter. Principal Financial Group Inc. now owns 7,302,199 shares of the company’s stock valued at $945,635,000 after acquiring an additional 105,648 shares during the period. Geode Capital Management LLC raised its holdings in Live Nation Entertainment by 9.4% in the third quarter. Geode Capital Management LLC now owns 3,763,557 shares of the company’s stock worth $410,664,000 after purchasing an additional 321,832 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in shares of Live Nation Entertainment by 37.1% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,423,428 shares of the company’s stock valued at $155,851,000 after buying an additional 385,143 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Live Nation Entertainment by 55.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,079,064 shares of the company’s stock valued at $118,147,000 after buying an additional 387,008 shares during the period. Finally, ValueAct Holdings L.P. acquired a new stake in Live Nation Entertainment during the 3rd quarter worth $111,094,000. 74.52% of the stock is owned by institutional investors.

Live Nation Entertainment Stock Performance

Shares of LYV stock opened at $149.37 on Friday. The company has a fifty day moving average price of $139.23 and a two-hundred day moving average price of $122.30. Live Nation Entertainment, Inc. has a one year low of $86.81 and a one year high of $157.75. The stock has a market cap of $34.71 billion, a P/E ratio of 158.91, a P/E/G ratio of 1.83 and a beta of 1.38. The company has a debt-to-equity ratio of 6.10, a current ratio of 1.01 and a quick ratio of 1.01.

Live Nation Entertainment (NYSE:LYV) last issued its earnings results on Thursday, February 27th. The company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.93) by $1.49. The business had revenue of $5.68 billion during the quarter, compared to the consensus estimate of $5.67 billion. Live Nation Entertainment had a net margin of 2.11% and a return on equity of 77.62%. As a group, equities analysts predict that Live Nation Entertainment, Inc. will post 0.99 EPS for the current year.

Analyst Upgrades and Downgrades

LYV has been the topic of several research analyst reports. JPMorgan Chase & Co. raised their target price on shares of Live Nation Entertainment from $150.00 to $170.00 and gave the stock an “overweight” rating in a report on Friday. StockNews.com upgraded shares of Live Nation Entertainment from a “sell” rating to a “hold” rating in a report on Wednesday, November 20th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $146.00 target price on shares of Live Nation Entertainment in a research note on Tuesday. TD Cowen lifted their price target on Live Nation Entertainment from $108.00 to $145.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Finally, Macquarie upped their price objective on Live Nation Entertainment from $130.00 to $146.00 and gave the stock an “outperform” rating in a research report on Friday, November 15th. Two investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $154.27.

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.