Live Nation Entertainment, Inc. (NYSE:LYV) Stock Holdings Boosted by GAMMA Investing LLC

GAMMA Investing LLC raised its position in shares of Live Nation Entertainment, Inc. (NYSE:LYV) by 22.5% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,107 shares of the company’s stock after purchasing an additional 387 shares during the period. GAMMA Investing LLC’s holdings in Live Nation Entertainment were worth $223,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Creative Financial Designs Inc. ADV boosted its position in shares of Live Nation Entertainment by 148.1% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 335 shares of the company’s stock worth $31,000 after buying an additional 200 shares during the period. Raleigh Capital Management Inc. bought a new stake in Live Nation Entertainment during the 3rd quarter valued at $33,000. Cary Street Partners Investment Advisory LLC grew its stake in shares of Live Nation Entertainment by 9,800.0% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 495 shares of the company’s stock worth $41,000 after purchasing an additional 490 shares in the last quarter. Tobam acquired a new position in shares of Live Nation Entertainment during the fourth quarter valued at $59,000. Finally, Western Pacific Wealth Management LP raised its stake in shares of Live Nation Entertainment by 15.8% during the fourth quarter. Western Pacific Wealth Management LP now owns 981 shares of the company’s stock valued at $92,000 after purchasing an additional 134 shares in the last quarter. Institutional investors own 74.52% of the company’s stock.

Live Nation Entertainment Price Performance

LYV stock opened at $92.28 on Friday. Live Nation Entertainment, Inc. has a one year low of $76.48 and a one year high of $107.24. The firm has a 50-day moving average of $93.57 and a two-hundred day moving average of $94.05. The firm has a market capitalization of $21.20 billion, a PE ratio of 87.89, a P/E/G ratio of 1.87 and a beta of 1.35. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 10.83.

Live Nation Entertainment (NYSE:LYV) last issued its quarterly earnings results on Thursday, May 2nd. The company reported ($0.53) EPS for the quarter, missing the consensus estimate of ($0.21) by ($0.32). Live Nation Entertainment had a net margin of 2.22% and a return on equity of 90.67%. The firm had revenue of $3.80 billion during the quarter, compared to analysts’ expectations of $3.26 billion. During the same quarter last year, the company posted ($0.25) EPS. The firm’s revenue was up 21.5% compared to the same quarter last year. On average, analysts forecast that Live Nation Entertainment, Inc. will post 1.38 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts recently issued reports on LYV shares. Redburn Atlantic upgraded shares of Live Nation Entertainment from a “neutral” rating to a “buy” rating and increased their target price for the company from $114.00 to $115.00 in a research report on Thursday, May 9th. Rosenblatt Securities raised their price objective on shares of Live Nation Entertainment from $119.00 to $122.00 and gave the company a “buy” rating in a research note on Friday, May 3rd. Northcoast Research downgraded Live Nation Entertainment from a “buy” rating to a “neutral” rating in a research report on Tuesday, May 28th. Roth Mkm reaffirmed a “buy” rating and set a $120.00 price target on shares of Live Nation Entertainment in a research note on Friday, May 24th. Finally, JPMorgan Chase & Co. dropped their price objective on Live Nation Entertainment from $126.00 to $116.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 29th. Two investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $115.58.

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.