Mather Group LLC. Purchases Shares of 1,557 Live Nation Entertainment, Inc. (NYSE:LYV)

Mather Group LLC. acquired a new stake in Live Nation Entertainment, Inc. (NYSE:LYV) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 1,557 shares of the company’s stock, valued at approximately $165,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. GAMMA Investing LLC raised its holdings in shares of Live Nation Entertainment by 22.5% in the first quarter. GAMMA Investing LLC now owns 2,107 shares of the company’s stock valued at $223,000 after purchasing an additional 387 shares during the last quarter. American International Group Inc. raised its holdings in shares of Live Nation Entertainment by 3.6% in the fourth quarter. American International Group Inc. now owns 39,330 shares of the company’s stock valued at $3,681,000 after purchasing an additional 1,373 shares during the last quarter. American Trust raised its holdings in shares of Live Nation Entertainment by 19.4% in the fourth quarter. American Trust now owns 5,430 shares of the company’s stock valued at $508,000 after purchasing an additional 884 shares during the last quarter. Occudo Quantitative Strategies LP increased its holdings in Live Nation Entertainment by 75.1% during the fourth quarter. Occudo Quantitative Strategies LP now owns 64,392 shares of the company’s stock worth $6,027,000 after buying an additional 27,618 shares during the last quarter. Finally, Public Sector Pension Investment Board increased its holdings in Live Nation Entertainment by 2,723.0% during the fourth quarter. Public Sector Pension Investment Board now owns 428,732 shares of the company’s stock worth $40,129,000 after buying an additional 413,545 shares during the last quarter. 74.52% of the stock is currently owned by institutional investors and hedge funds.

Live Nation Entertainment Trading Up 0.4 %

LYV opened at $92.28 on Friday. Live Nation Entertainment, Inc. has a twelve month low of $76.48 and a twelve month high of $107.24. The company has a 50-day simple moving average of $93.57 and a 200 day simple moving average of $94.05. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 10.83. The stock has a market capitalization of $21.20 billion, a price-to-earnings ratio of 87.89, a P/E/G ratio of 1.87 and a beta of 1.35.

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

Analysts Set New Price Targets

A number of equities analysts recently weighed in on LYV shares. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Live Nation Entertainment from $120.00 to $121.00 and gave the stock a “buy” rating in a report on Monday, May 6th. Northcoast Research downgraded shares of Live Nation Entertainment from a “buy” rating to a “neutral” rating in a report on Tuesday, May 28th. Redburn Atlantic upgraded shares of Live Nation Entertainment from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $114.00 to $115.00 in a report on Thursday, May 9th. Rosenblatt Securities boosted their target price on shares of Live Nation Entertainment from $119.00 to $122.00 and gave the stock a “buy” rating in a report on Friday, May 3rd. Finally, JPMorgan Chase & Co. lowered their target price on shares of Live Nation Entertainment from $126.00 to $116.00 and set an “overweight” rating on the stock in a report on Wednesday, May 29th. Two analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average 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.