Two Sigma Advisers LP Boosts Holdings in Live Nation Entertainment, Inc. (LYV)

Two Sigma Advisers LP raised its stake in Live Nation Entertainment, Inc. (NYSE:LYV) by 13.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,466,200 shares of the company’s stock after acquiring an additional 177,437 shares during the period. Two Sigma Advisers LP owned 0.71% of Live Nation Entertainment worth $62,416,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Renaissance Technologies LLC boosted its stake in Live Nation Entertainment by 25.2% in the fourth quarter. Renaissance Technologies LLC now owns 3,767,366 shares of the company’s stock valued at $160,377,000 after acquiring an additional 758,666 shares during the period. Wells Fargo & Company MN boosted its stake in Live Nation Entertainment by 29.1% in the fourth quarter. Wells Fargo & Company MN now owns 2,786,851 shares of the company’s stock valued at $118,636,000 after acquiring an additional 627,695 shares during the period. Clearbridge Investments LLC boosted its position in shares of Live Nation Entertainment by 0.5% during the fourth quarter. Clearbridge Investments LLC now owns 2,754,431 shares of the company’s stock worth $117,256,000 after buying an additional 13,580 shares during the period. Acadian Asset Management LLC boosted its position in shares of Live Nation Entertainment by 5.1% during the fourth quarter. Acadian Asset Management LLC now owns 2,364,397 shares of the company’s stock worth $100,651,000 after buying an additional 114,171 shares during the period. Finally, Schwab Charles Investment Management Inc. boosted its position in shares of Live Nation Entertainment by 24.5% during the third quarter. Schwab Charles Investment Management Inc. now owns 1,813,800 shares of the company’s stock worth $78,991,000 after buying an additional 356,715 shares during the period. Institutional investors own 69.08% of the company’s stock.

How to Become a New Pot Stock Millionaire

Several equities analysts have recently issued reports on the company. JPMorgan Chase set a $51.00 price objective on Live Nation Entertainment and gave the stock a “buy” rating in a research report on Thursday. Zacks Investment Research upgraded Live Nation Entertainment from a “sell” rating to a “hold” rating in a research report on Wednesday. ValuEngine upgraded Live Nation Entertainment from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. Guggenheim reiterated a “buy” rating and set a $53.00 price objective on shares of Live Nation Entertainment in a research report on Thursday, March 1st. Finally, Macquarie reiterated a “buy” rating and set a $55.00 price objective on shares of Live Nation Entertainment in a research report on Thursday, March 1st. Three equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $49.14.

Shares of NYSE:LYV opened at $37.75 on Friday. Live Nation Entertainment, Inc. has a 12 month low of $30.50 and a 12 month high of $49.11. The company has a market cap of $7,999.93, a P/E ratio of -78.65 and a beta of 0.97. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 1.38.

Live Nation Entertainment (NYSE:LYV) last announced its earnings results on Tuesday, February 27th. The company reported ($1.12) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.08) by ($0.04). Live Nation Entertainment had a negative return on equity of 1.71% and a negative net margin of 0.24%. The firm had revenue of $2.55 billion for the quarter, compared to the consensus estimate of $2.06 billion. analysts anticipate that Live Nation Entertainment, Inc. will post 0.37 earnings per share for the current fiscal year.

TRADEMARK VIOLATION NOTICE: This article was first posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this article on another publication, it was copied illegally and reposted in violation of US and international copyright laws. The original version of this article can be read at https://www.dispatchtribunal.com/2018/04/07/live-nation-entertainment-inc-lyv-holdings-lifted-by-two-sigma-advisers-lp.html.

Live Nation Entertainment Company Profile

Live Nation Entertainment, Inc is a live entertainment company. The Company’s businesses consist of the promotion of live events, including ticketing, sponsorship and advertising. Its segments include Concerts, Sponsorship & Advertising, Ticketing and Artist Nation. The Concerts segment is engaged in promotion of live music events in its owned or operated venues and in rented third-party venues; operation and management of music venues; production of music festivals, and creation of associated content.

Institutional Ownership by Quarter for Live Nation Entertainment (NYSE:LYV)

Receive News & Ratings for Live Nation Entertainment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Live Nation Entertainment and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply