Public Employees Retirement System of Ohio Has $8.95 Million Stock Holdings in Live Nation Entertainment, Inc. (NYSE:LYV)

Public Employees Retirement System of Ohio decreased its holdings in Live Nation Entertainment, Inc. (NYSE:LYV) by 10.9% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 84,630 shares of the company’s stock after selling 10,344 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Live Nation Entertainment were worth $8,951,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of LYV. Czech National Bank lifted its position in shares of Live Nation Entertainment by 0.5% during the 1st quarter. Czech National Bank now owns 24,965 shares of the company’s stock valued at $2,641,000 after acquiring an additional 115 shares during the period. Lindbrook Capital LLC lifted its position in shares of Live Nation Entertainment by 44.1% during the 1st quarter. Lindbrook Capital LLC now owns 389 shares of the company’s stock worth $41,000 after buying an additional 119 shares during the last quarter. Western Pacific Wealth Management LP lifted its position in shares of Live Nation Entertainment by 15.8% during the 4th quarter. Western Pacific Wealth Management LP now owns 981 shares of the company’s stock worth $92,000 after buying an additional 134 shares during the last quarter. Spire Wealth Management lifted its position in shares of Live Nation Entertainment by 5.4% during the 4th quarter. Spire Wealth Management now owns 2,833 shares of the company’s stock worth $258,000 after buying an additional 145 shares during the last quarter. Finally, Gabelli Funds LLC lifted its position in shares of Live Nation Entertainment by 0.3% during the 4th quarter. Gabelli Funds LLC now owns 48,650 shares of the company’s stock worth $4,554,000 after buying an additional 150 shares during the last quarter. Institutional investors own 74.52% of the company’s stock.

Live Nation Entertainment Trading Up 2.0 %

Shares of LYV stock traded up $1.83 on Monday, hitting $95.47. The company had a trading volume of 1,848,230 shares, compared to its average volume of 2,201,487. The firm has a market cap of $21.93 billion, a P/E ratio of 89.18, a P/E/G ratio of 2.09 and a beta of 1.34. The stock’s 50-day moving average is $93.90 and its two-hundred day moving average is $94.90. The company has a debt-to-equity ratio of 10.83, a quick ratio of 0.92 and a current ratio of 0.92. Live Nation Entertainment, Inc. has a twelve month low of $76.48 and a twelve month high of $107.24.

Live Nation Entertainment (NYSE:LYV) last announced 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). The firm had revenue of $3.80 billion during the quarter, compared to the consensus estimate of $3.26 billion. Live Nation Entertainment had a return on equity of 90.67% and a net margin of 2.22%. The firm’s revenue was up 21.5% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.25) EPS. On average, equities research analysts anticipate that Live Nation Entertainment, Inc. will post 1.28 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts recently weighed in on LYV shares. Morgan Stanley restated an “overweight” rating and set a $120.00 price objective on shares of Live Nation Entertainment in a research report on Wednesday, June 12th. Redburn Atlantic upgraded Live Nation Entertainment from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $114.00 to $115.00 in a research report on Thursday, May 9th. Deutsche Bank Aktiengesellschaft upped their price objective on Live Nation Entertainment from $120.00 to $121.00 and gave the stock a “buy” rating in a research report on Monday, May 6th. Oppenheimer reaffirmed an “outperform” rating and issued a $110.00 target price on shares of Live Nation Entertainment in a report on Tuesday, June 25th. Finally, Roth Mkm reaffirmed a “buy” rating and issued a $120.00 target price on shares of Live Nation Entertainment in a report on Friday, May 24th. Two equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, Live Nation Entertainment presently has a consensus rating of “Moderate Buy” and a consensus target price of $115.58.

Live Nation Entertainment Company 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.