Assenagon Asset Management S.A. Purchases 4,154 Shares of Live Nation Entertainment, Inc. (NYSE:LYV)

Assenagon Asset Management S.A. lifted its stake in shares of Live Nation Entertainment, Inc. (NYSE:LYV) by 13.8% during the fourth quarter, Holdings Channel.com reports. The firm owned 34,148 shares of the company’s stock after buying an additional 4,154 shares during the period. Assenagon Asset Management S.A.’s holdings in Live Nation Entertainment were worth $4,422,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. Fifth Third Wealth Advisors LLC lifted its position in shares of Live Nation Entertainment by 14.5% during the fourth quarter. Fifth Third Wealth Advisors LLC now owns 2,346 shares of the company’s stock worth $304,000 after purchasing an additional 297 shares in the last quarter. Grandview Asset Management LLC acquired a new position in shares of Live Nation Entertainment during the fourth quarter worth approximately $346,000. Friedenthal Financial acquired a new position in shares of Live Nation Entertainment during the fourth quarter worth approximately $754,000. Czech National Bank lifted its position in shares of Live Nation Entertainment by 6.6% during the fourth quarter. Czech National Bank now owns 33,999 shares of the company’s stock worth $4,403,000 after purchasing an additional 2,095 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its position in shares of Live Nation Entertainment by 3.5% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 3,686 shares of the company’s stock worth $477,000 after purchasing an additional 125 shares in the last quarter. 74.52% of the stock is currently owned by institutional investors and hedge funds.

Live Nation Entertainment Stock Up 1.6 %

Shares of LYV stock opened at $135.71 on Tuesday. The firm has a fifty day moving average of $133.75 and a 200-day moving average of $113.85. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 6.10. Live Nation Entertainment, Inc. has a 12-month low of $86.67 and a 12-month high of $141.18. The company has a market capitalization of $31.53 billion, a price-to-earnings ratio of 144.37, a P/E/G ratio of 1.50 and a beta of 1.38.

Live Nation Entertainment (NYSE:LYV) last issued its quarterly earnings data on Monday, November 11th. The company reported $1.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.58 by $0.08. Live Nation Entertainment had a net margin of 2.11% and a return on equity of 77.62%. The company had revenue of $7.65 billion during the quarter, compared to the consensus estimate of $7.75 billion. During the same quarter in the prior year, the firm earned $1.78 earnings per share. The firm’s revenue was down 6.2% compared to the same quarter last year. As a group, equities research analysts predict that Live Nation Entertainment, Inc. will post 1.02 earnings per share for the current fiscal year.

Analyst Ratings Changes

LYV has been the topic of several analyst reports. Roth Mkm increased their price objective on shares of Live Nation Entertainment from $132.00 to $152.00 and gave the company a “buy” rating in a report on Thursday, December 12th. StockNews.com upgraded shares of Live Nation Entertainment from a “sell” rating to a “hold” rating in a report on Wednesday, November 20th. The Goldman Sachs Group increased their price objective on shares of Live Nation Entertainment from $132.00 to $148.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. TD Cowen increased their price objective on shares of Live Nation Entertainment from $108.00 to $145.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Finally, Benchmark increased their price objective on shares of Live Nation Entertainment from $144.00 to $160.00 and gave the company a “buy” rating in a report on Thursday, December 19th. Two equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $145.40.

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.