GAMMA Investing LLC Purchases 674 Shares of Live Nation Entertainment, Inc. (NYSE:LYV)

GAMMA Investing LLC boosted its position in Live Nation Entertainment, Inc. (NYSE:LYV) by 27.3% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 3,143 shares of the company’s stock after purchasing an additional 674 shares during the period. GAMMA Investing LLC’s holdings in Live Nation Entertainment were worth $407,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Retirement Systems of Alabama grew its holdings in shares of Live Nation Entertainment by 8.6% in the third quarter. Retirement Systems of Alabama now owns 34,119 shares of the company’s stock valued at $3,736,000 after acquiring an additional 2,697 shares in the last quarter. Tidal Investments LLC raised its position in Live Nation Entertainment by 10.7% in the third quarter. Tidal Investments LLC now owns 24,668 shares of the company’s stock worth $2,701,000 after acquiring an additional 2,386 shares during the period. Wilmington Savings Fund Society FSB bought a new position in shares of Live Nation Entertainment during the 3rd quarter valued at approximately $499,000. World Investment Advisors LLC purchased a new stake in shares of Live Nation Entertainment during the 3rd quarter worth approximately $38,000. Finally, Pine Valley Investments Ltd Liability Co raised its holdings in shares of Live Nation Entertainment by 2.3% in the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 45,037 shares of the company’s stock worth $4,931,000 after purchasing an additional 1,016 shares during the period. Hedge funds and other institutional investors own 74.52% of the company’s stock.

Live Nation Entertainment Price Performance

LYV opened at $129.49 on Monday. The company has a debt-to-equity ratio of 6.10, a current ratio of 1.01 and a quick ratio of 1.01. Live Nation Entertainment, Inc. has a 1 year low of $86.67 and a 1 year high of $141.18. The stock’s 50 day simple moving average is $131.20 and its 200 day simple moving average is $110.84. The firm has a market cap of $30.09 billion, a price-to-earnings ratio of 137.76, a PEG ratio of 3.68 and a beta of 1.37.

Live Nation Entertainment (NYSE:LYV) last issued its earnings results 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. The firm had revenue of $7.65 billion for the quarter, compared to analysts’ expectations of $7.75 billion. Live Nation Entertainment had a net margin of 2.11% and a return on equity of 77.62%. The business’s revenue was down 6.2% on a year-over-year basis. During the same quarter last year, the business earned $1.78 earnings per share. As a group, analysts predict that Live Nation Entertainment, Inc. will post 1.04 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have issued reports on LYV. Oppenheimer raised their target price on Live Nation Entertainment from $120.00 to $155.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. Bank of America upped their price target on Live Nation Entertainment from $125.00 to $149.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Roth Mkm boosted their price objective on shares of Live Nation Entertainment from $132.00 to $152.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. JPMorgan Chase & Co. raised their price target on shares of Live Nation Entertainment from $137.00 to $150.00 and gave the company an “overweight” rating in a report on Thursday, December 12th. Finally, Benchmark increased their price objective on Live Nation Entertainment from $144.00 to $160.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. Two investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average 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.