Chicago Equity Partners LLC trimmed its stake in shares of Live Nation (NYSE:LYV) by 5.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 227,445 shares of the company’s stock after selling 12,170 shares during the quarter. Chicago Equity Partners LLC’s holdings in Live Nation were worth $9,585,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. Global X Management Co. LLC lifted its position in Live Nation by 45.5% during the 4th quarter. Global X Management Co. LLC now owns 4,239 shares of the company’s stock worth $180,000 after acquiring an additional 1,325 shares during the period. Meeder Asset Management Inc. lifted its position in Live Nation by 1,844.3% during the 4th quarter. Meeder Asset Management Inc. now owns 27,803 shares of the company’s stock worth $1,183,000 after acquiring an additional 26,373 shares during the period. Wells Fargo & Company MN lifted its position in Live Nation by 29.1% during the 4th quarter. Wells Fargo & Company MN now owns 2,786,851 shares of the company’s stock worth $118,636,000 after acquiring an additional 627,695 shares during the period. Clal Insurance Enterprises Holdings Ltd lifted its position in Live Nation by 27.3% during the 4th quarter. Clal Insurance Enterprises Holdings Ltd now owns 700,000 shares of the company’s stock worth $29,799,000 after acquiring an additional 150,000 shares during the period. Finally, Bank of Hawaii acquired a new stake in Live Nation during the 4th quarter worth approximately $298,000. 68.84% of the stock is owned by institutional investors.
LYV has been the subject of a number of recent research reports. Zacks Investment Research cut Live Nation from a “hold” rating to a “strong sell” rating in a research report on Wednesday, March 21st. Citigroup raised Live Nation from a “neutral” rating to a “buy” rating in a research report on Monday, April 9th. JPMorgan Chase set a $51.00 price target on Live Nation and gave the company a “buy” rating in a report on Thursday, April 5th. Northcoast Research raised Live Nation from a “neutral” rating to a “buy” rating in a report on Monday, April 23rd. Finally, Guggenheim reissued a “buy” rating and issued a $53.00 price target on shares of Live Nation in a report on Thursday, March 1st. One investment analyst has rated the stock with a sell rating, ten have issued a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $49.14.
LYV opened at $42.87 on Thursday. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 2.00. The company has a market capitalization of $9.42 billion, a PE ratio of -89.31 and a beta of 0.98. Live Nation has a 12 month low of $42.23 and a 12 month high of $42.99.
Live Nation (NYSE:LYV) last released its quarterly earnings data on Thursday, May 3rd. The company reported ($0.24) earnings per share for the quarter, beating the consensus estimate of ($0.29) by $0.05. Live Nation had a negative return on equity of 1.76% and a negative net margin of 0.25%. The firm had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same period last year, the business posted ($0.22) EPS. Live Nation’s quarterly revenue was up 19.2% on a year-over-year basis. research analysts forecast that Live Nation will post 0.14 EPS for the current fiscal year.
Live Nation Profile
Live Nation Entertainment, Inc operates as a live entertainment company. It operates through Concerts, Sponsorship & Advertising, and Ticketing segments. The Concerts segment promotes live music events in its owned and/or operated venues, and in rented third-party venues; operates and manages music venues; and produces music festivals and creates associated content.
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