BI Asset Management Fondsmaeglerselskab A S Has $352,000 Stock Holdings in Live Nation Entertainment, Inc. (NYSE:LYV)

BI Asset Management Fondsmaeglerselskab A S lowered its position in Live Nation Entertainment, Inc. (NYSE:LYV) by 48.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,326 shares of the company’s stock after selling 3,175 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Live Nation Entertainment were worth $352,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Deutsche Bank AG raised its stake in shares of Live Nation Entertainment by 5.1% in the third quarter. Deutsche Bank AG now owns 593,720 shares of the company’s stock worth $49,303,000 after purchasing an additional 28,620 shares during the last quarter. Banque Pictet & Cie SA bought a new position in Live Nation Entertainment during the 3rd quarter valued at $349,000. American Century Companies Inc. grew its stake in shares of Live Nation Entertainment by 713.6% in the 3rd quarter. American Century Companies Inc. now owns 66,032 shares of the company’s stock worth $5,483,000 after acquiring an additional 57,916 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of Live Nation Entertainment by 99.9% during the 3rd quarter. Wellington Management Group LLP now owns 627,215 shares of the company’s stock valued at $52,084,000 after buying an additional 313,391 shares during the last quarter. Finally, Raleigh Capital Management Inc. bought a new position in shares of Live Nation Entertainment during the 3rd quarter worth $33,000. Institutional investors and hedge funds own 74.52% of the company’s stock.

Live Nation Entertainment Stock Up 1.5 %

Shares of NYSE LYV opened at $95.88 on Friday. The stock has a market capitalization of $22.03 billion, a P/E ratio of 91.32, a PEG ratio of 2.07 and a beta of 1.34. The company has a debt-to-equity ratio of 10.83, a current ratio of 0.92 and a quick ratio of 0.92. Live Nation Entertainment, Inc. has a one year low of $76.48 and a one year high of $107.24. The firm’s 50 day simple moving average is $94.07 and its two-hundred day simple moving average is $94.55.

Live Nation Entertainment (NYSE:LYV) last posted its quarterly earnings results on Thursday, May 2nd. The company reported ($0.53) earnings per share (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 business had revenue of $3.80 billion for the quarter, compared to analysts’ expectations of $3.26 billion. During the same quarter in the previous year, the company earned ($0.25) earnings per share. The business’s quarterly revenue was up 21.5% on a year-over-year basis. As a group, analysts expect that Live Nation Entertainment, Inc. will post 1.29 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on LYV shares. Redburn Atlantic upgraded Live Nation Entertainment from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $114.00 to $115.00 in a research note on Thursday, May 9th. Roth Mkm reissued a “buy” rating and issued a $120.00 price target on shares of Live Nation Entertainment in a research report on Friday, May 24th. Northcoast Research lowered shares of Live Nation Entertainment from a “buy” rating to a “neutral” rating in a research note on Tuesday, May 28th. Rosenblatt Securities increased their target price on Live Nation Entertainment from $119.00 to $122.00 and gave the stock a “buy” rating in a research report on Friday, May 3rd. Finally, Oppenheimer reiterated an “outperform” rating and issued a $110.00 price target on shares of Live Nation Entertainment in a research report on Tuesday, June 25th. Two analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $115.58.

Live Nation Entertainment 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.